HCI Group's Total Assets for the quarter that ended in Mar. 2024 was €1,694.3 Mil.
Warning Sign:
If a company builds assets at 31% a year, faster than its revenue growth rate of 17.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, HCI Group's average Total Assets Growth Rate was -4.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 33.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 31.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.80% per year.
During the past 13 years, HCI Group's highest 3-Year average Total Assets Growth Rate was 128.60%. The lowest was -8.60%. And the median was 26.65%.
Total Assets is connected with ROA %. HCI Group's annualizedROA % for the quarter that ended in Mar. 2024 was 10.44%. Total Assets is also linked to Revenue through Asset Turnover. HCI Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.
HCI Group Total Assets Historical Data
The historical data trend for HCI 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.
HCI 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 (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.
HCI Group's Asset Turnover for the quarter that ended in Mar. 2024 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.
HCI Group Total Assets Related Terms
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HCI Group Inc is primarily engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.
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