BRP Group's Total Assets for the quarter that ended in Dec. 2023 was $3,502 Mil.
Warning Sign:
If a company builds assets at 97.5% a year, faster than its revenue growth rate of 54.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, BRP Group's average Total Assets Growth Rate was 1.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 33.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 97.50% per year.
During the past 7 years, BRP Group's highest 3-Year average Total Assets Growth Rate was 223.80%. The lowest was 33.50%. And the median was 145.55%.
Total Assets is connected with ROA %. BRP Group's annualizedROA % for the quarter that ended in Dec. 2023 was -3.98%. Total Assets is also linked to Revenue through Asset Turnover. BRP Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.
BRP Group Total Assets Historical Data
The historical data trend for BRP 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.
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.
BRP Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) 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.
BRP Group's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
BRP Group Total Assets Related Terms
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BRP Group Inc is a United States-based insurance distribution firm. Its products include commercial property and casualty, or P&C, insurance, employee benefits insurance and personal lines insurance. The company operates its business through four segments including Middle Market, Specialty, Mainstreet, and Medicare. It generates maximum revenue from the Middle Market segment.
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