Driver Group (LSE:DRV) Total Assets : £25.36 Mil (As of Sep. 2023)

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What is Driver Group Total Assets?

Driver Group's Total Assets for the quarter that ended in Sep. 2023 was £25.36 Mil.

During the past 12 months, Driver Group's average Total Assets Growth Rate was -26.20% per year. During the past 3 years, the average Total Assets Growth Rate was -6.40% per year. During the past 5 years, the average Total Assets Growth Rate was -2.20% per year. During the past 10 years, the average Total Assets Growth Rate was 1.70% per year.

During the past 13 years, Driver Group's highest 3-Year average Total Assets Growth Rate was 40.20%. The lowest was -6.40%. And the median was 11.80%.

Total Assets is connected with ROA %. Driver Group's annualized ROA % for the quarter that ended in Sep. 2023 was -4.94%. Total Assets is also linked to Revenue through Asset Turnover. Driver Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.71.

Driver Group Total Assets Historical Data

The historical data trend for Driver 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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Driver Group Total Assets Chart

Driver Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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31.64

35.00

31.41

31.40

25.36

Driver Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															31.41	31.29	31.40	26.18	25.36

Driver 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.

Driver Group's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	15.987	+	9.369
	=	25.36

Driver Group's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	15.987	+	9.369
	=	25.36

Driver Group (LSE:DRV) Total Assets Explanation

Total Assets is connected with ROA %.

Driver Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-1.274	/	( (26.179	+	25.356)	/ 2 )
	=	-1.274	/	25.7675
	=	-4.94 %

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

Driver Group's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	18.414	/	( (26.179	+	25.356)	/ 2 )
=	18.414	/	25.7675
=	0.71

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.

Driver Group Total Assets Related Terms

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Driver Group (LSE:DRV) Business Description

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Address

125 Old Broad Street, Suite 706-708, Floor 7, London, GBR, EC2N 1AR

Website

https://www.driver-group.com

Driver Group PLC provides consultancy services to the engineering and construction industries. The business activity of the group is primarily operated through divisions such as Europe and the Americas; Asia Pacific; Middle East. Geographically, it derives a majority of its revenue from the United Kingdom and can be seen across the region of Oman, France, Qatar, Germany, Kuwait, China, the US, Canada, and others. It offers quantity surveying, quantum and planning experts, litigation support, contract administration, and commercial advice/management services; and capital investment consultancy services, including development, project, and contracting management services.