Axis Auto Finance (TSX:AXIS) Total Assets : C$204.91 Mil (As of Mar. 2024)

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What is Axis Auto Finance Total Assets?

Axis Auto Finance's Total Assets for the quarter that ended in Mar. 2024 was C$204.91 Mil.

Warning Sign:

If a company builds assets at 7% a year, faster than its revenue growth rate of 5.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Axis Auto Finance's average Total Assets Growth Rate was -13.20% per year. During the past 3 years, the average Total Assets Growth Rate was 13.50% per year. During the past 5 years, the average Total Assets Growth Rate was 7.00% per year.

During the past 13 years, Axis Auto Finance's highest 3-Year average Total Assets Growth Rate was 84.30%. The lowest was -30.70%. And the median was 7.80%.

Total Assets is connected with ROA %. Axis Auto Finance's annualized ROA % for the quarter that ended in Mar. 2024 was -3.92%. Total Assets is also linked to Revenue through Asset Turnover. Axis Auto Finance's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Axis Auto Finance Total Assets Historical Data

The historical data trend for Axis Auto Finance'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.

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Axis Auto Finance Total Assets Chart

Axis Auto Finance Annual Data

Trend

Apr14

Apr15

Apr16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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151.96

153.99

155.84

187.00

218.55

Axis Auto Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															237.25	218.55	219.86	219.56	204.91

Axis Auto Finance 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.

Axis Auto Finance's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	24.214	+	194.335
	=	218.55

Axis Auto Finance's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	19.059	+	185.849
	=	204.91

Axis Auto Finance (TSX:AXIS) Total Assets Explanation

Total Assets is connected with ROA %.

Axis Auto Finance's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-8.32	/	( (219.555	+	204.908)	/ 2 )
	=	-8.32	/	212.2315
	=	-3.92 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Axis Auto Finance's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	9.702	/	( (219.555	+	204.908)	/ 2 )
=	9.702	/	212.2315
=	0.05

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.

Axis Auto Finance Total Assets Related Terms

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Axis Auto Finance (TSX:AXIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axis Auto Finance Inc (TSX:AXIS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

165 Galaxy Boulevard, 2nd Floor, Etobicoke, ON, CAN, M9W 0C8

Website

https://www.axisautofinance.com

Axis Auto Finance Inc is a fintech company that is changing the way used vehicles are purchased and financed in Canada. The company's direct-to-consumer website, DriveAxis.ca, enables users to choose their next used vehicle, customize financing terms, and get the car delivered to homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners.

Executives

Todd Charles Hudson

Senior Officer

Axis Auto Finance (TSX:AXIS) Headlines

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