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B. Riley Financial's Total Assets for the quarter that ended in Dec. 2023 was $6,074 Mil.
Warning Sign:
If a company builds assets at 31.7% a year, faster than its revenue growth rate of 23.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 3 years, the average Total Assets Growth Rate was 31.70% per year. During the past 5 years, the average Total Assets Growth Rate was 31.70% per year. During the past 10 years, the average Total Assets Growth Rate was 68.20% per year.
During the past 13 years, B. Riley Financial's highest 3-Year average Total Assets Growth Rate was 159.00%. The lowest was -49.60%. And the median was 29.25%.
Total Assets is connected with ROA %. B. Riley Financial's annualized ROA % for the quarter that ended in Dec. 2023 was -5.87%. Total Assets is also linked to Revenue through Asset Turnover. B. Riley Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.05.
The historical data trend for B. Riley 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.
B. Riley Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 2,318.18 | 2,662.73 | 5,851.92 | 6,111.20 | 6,074.38 |
B. Riley Financial Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Assets | Get a 7-Day Free Trial | 6,111.20 | 6,618.19 | 6,253.31 | 6,142.86 | 6,074.38 |
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.
B. Riley 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 ) |
= | 359.566 | + | 5714.812 | |
= | 6,074 |
B. Riley Financial's Total Assets for the quarter that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2023 ) | + | Total Liabilities (Q: Dec. 2023 ) |
= | 359.566 | + | 5714.812 | |
= | 6,074 |
* 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.
B. Riley Financial (NAS:RILY) Total Assets Explanation
Total Assets is connected with ROA %.
B. Riley Financial's annualized ROA % for the quarter that ended in Dec. 2023 is
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | -358.492 | / | ( (6142.856 | + | 6074.378) | / 2 ) | |
= | -358.492 | / | 6108.617 | ||||
= | -5.87 % |
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.
B. Riley Financial's Asset Turnover for the quarter that ended in Dec. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | 277.432 | / | ( (6142.856 | + | 6074.378) | / 2 ) |
= | 277.432 | / | 6108.617 | |||
= | 0.05 |
* 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.
Thank you for viewing the detailed overview of B. Riley Financial's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kelleher Thomas J /adv | officer: CEO of B. Riley Capital Market | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367 |
Renee E Labran | director | 130 WEST UNION STREET, C/O IDEALAB, PASADENA CA 91103 |
Andrew Moore | officer: CEO of B. Riley FBR, Inc. | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367 |
Robert L Antin | director | |
Tamara Sue Brandt | director | C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025 |
Bryant R Riley | director | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367 |
Randall E Paulson | director | |
D Agostino Robert P | director | 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367 |
Michael Joseph Sheldon | director | C/O ALDILA, INC., 14145 DANIELSON ST. STE B, POWAY CA 92064 |
Daniel Asher | 10 percent owner | 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604 |
Kenneth M Young | officer: President | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367 |
Mikel H Williams | director | 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367 |
Phillip Ahn | officer: CFO and COO | 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367 |
Alan N Forman | officer: EVP, General Counsel, Sec | 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367 |
Todd D. Sims | director | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367 |
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