First Merchants's Total Assets for the quarter that ended in Mar. 2024 was €16,852.4 Mil.
Warning Sign:
If a company builds assets at 13.8% a year, faster than its revenue growth rate of 6.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, First Merchants's average Total Assets Growth Rate was 1.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 12.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.90% per year.
During the past 13 years, First Merchants's highest 3-Year average Total Assets Growth Rate was 27.60%. The lowest was -8.90%. And the median was 12.50%.
The historical data trend for First Merchants'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.
First Merchants'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.
First Merchants (STU:FM5) Total Assets Explanation
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.
First Merchants'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.
First Merchants Total Assets Related Terms
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First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment that is community banking.
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