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First National Financial (TSX:FN) Total Assets : C$50,460.3 Mil (As of Sep. 2024)


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What is First National Financial Total Assets?

First National Financial's Total Assets for the quarter that ended in Sep. 2024 was C$50,460.3 Mil.

During the past 12 months, First National Financial's average Total Assets Growth Rate was 11.70% per year. During the past 3 years, the average Total Assets Growth Rate was 5.20% per year. During the past 5 years, the average Total Assets Growth Rate was 5.10% per year. During the past 10 years, the average Total Assets Growth Rate was 7.60% per year.

During the past 13 years, First National Financial's highest 3-Year average Total Assets Growth Rate was 373.00%. The lowest was 5.10%. And the median was 13.90%.

Total Assets is connected with ROA %. First National Financial's annualized ROA % for the quarter that ended in Sep. 2024 was 0.29%. Total Assets is also linked to Revenue through Asset Turnover. First National Financial's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.


First National Financial Total Assets Historical Data

The historical data trend for First National Financial'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.

First National Financial Total Assets Chart

First National Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37,685.59 39,488.53 42,274.16 43,763.67 45,957.40

First National Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 45,176.54 45,957.40 45,765.96 50,093.80 50,460.29

First National Financial 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.

First National Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=737.763+45219.636
=45,957.4

First National Financial's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=741.188+49719.098
=50,460.3

* 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.


First National Financial  (TSX:FN) Total Assets Explanation

Total Assets is connected with ROA %.

First National Financial's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=145.636/( (50093.796+50460.286)/ 2 )
=145.636/50277.041
=0.29 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

First National Financial's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=124.306/( (50093.796+50460.286)/ 2 )
=124.306/50277.041
=0.00

* 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.

First National Financial Total Assets Related Terms

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First National Financial Business Description

Address
16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6
First National Financial Corp is a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.
Executives
Fnsc Holdings Inc. 10% Security Holder
Stephen Smith Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Martine Irman Director
Diane Sinhuber Director
First National Securities Corporation 10% Security Holder
Hilda Wong Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Barbara Frank Palk Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Duncan Newton Rowell Jackman Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)