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NAOS Absolute Opportunities Co (ASX:NAC) Total Assets : A$60.09 Mil (As of Dec. 2023)


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What is NAOS Absolute Opportunities Co Total Assets?

NAOS Absolute Opportunities Co's Total Assets for the quarter that ended in Dec. 2023 was A$60.09 Mil.

During the past 12 months, NAOS Absolute Opportunities Co's average Total Assets Growth Rate was 27.20% 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 5.30% per year.

During the past 9 years, NAOS Absolute Opportunities Co's highest 3-Year average Total Assets Growth Rate was 24.50%. The lowest was -3.70%. And the median was 7.35%.

Total Assets is connected with ROA %. NAOS Absolute Opportunities Co's annualized ROA % for the quarter that ended in Dec. 2023 was -9.06%. Total Assets is also linked to Revenue through Asset Turnover. NAOS Absolute Opportunities Co's Asset Turnover for the quarter that ended in Dec. 2023 was -0.06.

NAOS Absolute Opportunities Co Total Assets Historical Data

The historical data trend for NAOS Absolute Opportunities Co'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.

* Premium members only.

NAOS Absolute Opportunities Co Total Assets Chart

NAOS Absolute Opportunities Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Assets
Get a 7-Day Free Trial Premium Member Only 53.54 52.11 92.73 62.72 63.58

NAOS Absolute Opportunities Co Semi-Annual Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.68 62.72 59.00 63.58 60.09

NAOS Absolute Opportunities Co 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.

NAOS Absolute Opportunities Co's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (A: Jun. 2023 )+Total Liabilities (A: Jun. 2023 )
=45.535+18.047
=63.58

NAOS Absolute Opportunities Co'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 )
=40.683+19.402
=60.09

* 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.

NAOS Absolute Opportunities Co  (ASX:NAC) Total Assets Explanation

Total Assets is connected with ROA %.

NAOS Absolute Opportunities Co'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 )
=-5.602/( (63.582+60.085)/ 2 )
=-5.602/61.8335
=-9.06 %

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.

NAOS Absolute Opportunities Co'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 )
=-3.571/( (63.582+60.085)/ 2 )
=-3.571/61.8335
=-0.06

* 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.

NAOS Absolute Opportunities Co Total Assets Related Terms

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NAOS Absolute Opportunities Co (ASX:NAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NAOS Absolute Opportunities Co Ltd (ASX:NAC) » Definitions » Total Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
25 Martin Place, Level 34, MLC Centre, Sydney, NSW, AUS, 2000
Website
https://www.naos.com.au
NAOS Absolute Opportunities Co Ltd is an investment company. The company invests in mid-cap listed equities through a long-biased structure with a long-term value focus that can produce positive absolute returns. It operates in Australia and derives revenue from dividend income, interest income and from the investment portfolio.