Argo Group (LSE:ARGO) Total Assets : £4.79 Mil (As of Dec. 2023)

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What is Argo Group Total Assets?

Argo Group's Total Assets for the quarter that ended in Dec. 2023 was £4.79 Mil.

During the past 12 months, Argo Group's average Total Assets Growth Rate was -93.20% per year. During the past 3 years, the average Total Assets Growth Rate was -59.00% per year. During the past 5 years, the average Total Assets Growth Rate was 16.50% per year. During the past 10 years, the average Total Assets Growth Rate was -10.10% per year.

During the past 13 years, Argo Group's highest 3-Year average Total Assets Growth Rate was 126.20%. The lowest was -59.00%. And the median was -3.40%.

Total Assets is connected with ROA %. Argo Group's annualized ROA % for the quarter that ended in Dec. 2023 was -216.77%. Total Assets is also linked to Revenue through Asset Turnover. Argo Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.

Argo Group Total Assets Historical Data

The historical data trend for Argo 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.

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Argo Group Total Assets Chart

Argo Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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16.79

17.34

17.53

16.80

4.79

Argo Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															17.53	15.86	16.80	16.42	4.79

Argo Group 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.

Argo Group'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 )
	=	4.043	+	0.751
	=	4.79

Argo Group'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 )
	=	4.043	+	0.751
	=	4.79

Argo Group (LSE:ARGO) Total Assets Explanation

Total Assets is connected with ROA %.

Argo Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-22.99	/	( (16.417	+	4.794)	/ 2 )
	=	-22.99	/	10.6055
	=	-216.77 %

Note: The Net Income data used here is two times the semi-annual (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.

Argo Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1.214	/	( (16.417	+	4.794)	/ 2 )
=	1.214	/	10.6055
=	0.11

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.

Argo Group Total Assets Related Terms

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Argo Group (LSE:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Group Ltd (LSE:ARGO) » Definitions » Total Assets

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IW6:Germany

Address

24-25 New Bond Street, 2nd Floor, London, GBR, W1S 2RR

Website

https://www.argogrouplimited.com

Argo Group Ltd is an investment management company that invests in multi-strategy investment in emerging markets. Its investment objective is to provide investors with absolute returns on the funds. The group aims to deliver low volatility, double-digit absolute returns through a fundamental, bottom-up investment approach. The Group's funds invest in performing fixed-income securities, both sovereign and corporate, distressed debt, and real estate. The company operates as a single asset management business.