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The South Financial Group (The South Financial Group) Total Assets : $11,595.37 Mil (As of Jun. 2010)


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What is The South Financial Group Total Assets?

The South Financial Group's Total Assets for the quarter that ended in Jun. 2010 was $11,595.37 Mil.

Total Assets is connected with ROA %. The South Financial Group's annualized ROA % for the quarter that ended in Jun. 2010 was -10.31%. Total Assets is also linked to Revenue through Asset Turnover. The South Financial Group's Asset Turnover for the quarter that ended in Jun. 2010 was 0.01.


The South Financial Group Total Assets Historical Data

The historical data trend for The South Financial Group's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The South Financial Group Total Assets Chart

The South Financial Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14,319.29 14,210.52 13,877.58 13,602.33 11,894.98

The South Financial Group Quarterly Data
Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12,588.23 12,300.79 11,894.98 12,428.15 11,595.37

The South Financial Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

The South Financial Group's Total Assets for the fiscal year that ended in Dec. 2009 is calculated as

Total Assets=Total Equity (A: Dec. 2009 )+Total Liabilities (A: Dec. 2009 )
=993.174+10901.808
=11,894.98

The South Financial Group's Total Assets for the quarter that ended in Jun. 2010 is calculated as

Total Assets=Total Equity (Q: Jun. 2010 )+Total Liabilities (Q: Jun. 2010 )
=616.821+10978.548
=11,595.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The South Financial Group  (OTCPK:TSFGM.PFD) Total Assets Explanation

Total Assets is connected with ROA %.

The South Financial Group's annualized ROA % for the quarter that ended in Jun. 2010 is

ROA %=Net Income (Q: Jun. 2010 )/( (Total Assets (Q: Mar. 2010 )+Total Assets (Q: Jun. 2010 ))/ count )
=-1238.18/( (12428.152+11595.369)/ 2 )
=-1238.18/12011.7605
=-10.31 %

Note: The Net Income data used here is four times the quarterly (Jun. 2010) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

The South Financial Group's Asset Turnover for the quarter that ended in Jun. 2010 is

Asset Turnover
=Revenue (Q: Jun. 2010 )/( (Total Assets (Q: Mar. 2010 )+Total Assets (Q: Jun. 2010 ))/ count )
=106.433/( (12428.152+11595.369)/ 2 )
=106.433/12011.7605
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

The South Financial Group Total Assets Related Terms

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The South Financial Group (The South Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
102 South Main Street, Greenville, SC, USA, 29601
The South Financial Group Inc runs business banks in Florida, South Carolina, and North Carolina under the names Carolina First and Mercantile Bank. It also operates a small online platform, CaroLine. The bank has a total of $12.4 billion in assets. South Financial Group is primarily located in metropolitan markets and targets small and midsize businesses.
Executives
H Lynn Harton officer: Interim CEO C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30512
Tanya A Butts officer: Executive Vice President 104 S. MAIN STREET, GREENVILLE SC 29601
James R Gordon officer: Chief Financial Officer 104 SOUTH MAIN STREET, GREENVILLE SC 29601
Robert A. Edwards officer: EVP - Chief Risk Officer C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30514
Donald T Heroman director C/O EQUIFAX INC, 1550 PEACHTREE STREET, N.W., ATLANTA GA 30309
Christopher T Holmes officer: Sr. Executive Vice President C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Challis M Lowe director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Hummers William S Iii director CAROLINA FIRST BANK, 102 S MAIN STREET, GREEENVILLE SC 29601
Maverick Capital Ltd 10 percent owner 1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Ainslie Lee S Iii 10 percent owner
Maverick Capital Management Llc 10 percent owner 300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Michael Hogan director 1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Andrew B Cheney officer: Chairman/ Subsidiary Bank C/O CITRUS BANK, 2110 RIVER ROAD, JACKSONVILLE FL 32207
Terry James W Jr officer: Exec. Vice President HOLLINGSWORTH FUNDS, INC., 123 VERDAE BLVD., SUITE 104, GREENVILLE SC 29607
Timothy K Schools officer: Chief Financial Officer 8 WOODLAND WAY, GREENVILLE SC 29601

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