Definity Financial (Definity Financial) Total Assets : $5,328 Mil (As of Mar. 2024)

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What is Definity Financial Total Assets?

Definity Financial's Total Assets for the quarter that ended in Mar. 2024 was $5,328 Mil.

During the past 12 months, Definity Financial's average Total Assets Growth Rate was 6.00% per year. During the past 3 years, the average Total Assets Growth Rate was 22.80% per year.

During the past 4 years, Definity Financial's highest 3-Year average Total Assets Growth Rate was 22.80%. The lowest was 22.80%. And the median was 22.80%.

Total Assets is connected with ROA %. Definity Financial's annualized ROA % for the quarter that ended in Mar. 2024 was 5.79%. Total Assets is also linked to Revenue through Asset Turnover. Definity Financial's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Definity Financial Total Assets Historical Data

The historical data trend for Definity 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.

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Definity Financial Total Assets Chart

Definity Financial Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

5,168.48

5,107.73

5,020.02

5,411.08

Definity Financial Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial									4,925.46	5,165.59	5,120.24	5,411.08	5,328.46

Definity 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.

Definity 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 )
	=	2241.279	+	3169.797
	=	5,411

Definity Financial'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 )
	=	2281.324	+	3047.134
	=	5,328

Definity Financial (OTCPK:DFYFF) Total Assets Explanation

Total Assets is connected with ROA %.

Definity Financial'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 )
	=	310.876	/	( (5411.076	+	5328.457)	/ 2 )
	=	310.876	/	5369.7665
	=	5.79 %

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.

Definity Financial'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 )
=	760.195	/	( (5411.076	+	5328.457)	/ 2 )
=	760.195	/	5369.7665
=	0.14

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.

Definity Financial Total Assets Related Terms

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Definity Financial (Definity Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (OTCPK:DFYFF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

DFY:Canada

Address

111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6

Website

https://www.definityfinancial.com

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.