TWFG (TWFG) Total Assets : $313.1 Mil (As of Sep. 2024)

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What is TWFG Total Assets?

TWFG's Total Assets for the quarter that ended in Sep. 2024 was $313.1 Mil.

Total Assets is connected with ROA %. TWFG's annualized ROA % for the quarter that ended in Sep. 2024 was 1.96%. Total Assets is also linked to Revenue through Asset Turnover. TWFG's Asset Turnover for the quarter that ended in Sep. 2024 was 0.22.

TWFG Total Assets Historical Data

The historical data trend for TWFG'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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TWFG Total Assets Chart

TWFG Annual Data

Trend

Dec22

Dec23

Total Assets

114.15

115.44

TWFG Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial			-	115.44	273.31	157.22	313.09

TWFG 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.

TWFG'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 )
	=	31.051	+	84.386
	=	115.4

TWFG'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 )
	=	268.134	+	44.959
	=	313.1

TWFG (NAS:TWFG) Total Assets Explanation

Total Assets is connected with ROA %.

TWFG'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 )
	=	4.616	/	( (157.219	+	313.093)	/ 2 )
	=	4.616	/	235.156
	=	1.96 %

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.

TWFG'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 )
=	51.13	/	( (157.219	+	313.093)	/ 2 )
=	51.13	/	235.156
=	0.22

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.

TWFG Total Assets Related Terms

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TWFG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » TWFG Inc (NAS:TWFG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

1201 Lake Woodlands Drive, Suite 4020, The Woodlands, TX, USA, 77380

Website

https://www.twfg.com

TWFG Inc is a independent distribution platform for personal and commercial insurance in the United States. It offers all lines of insurance, multiple distribution contract options, M&A services, proprietary virtual assistants, proprietary technology, proprietary premium financing, unlimited continuing education, recognition programs, co-op funding, marketing support and overall lower costs to operate.