Novus Acquisition & Development (Novus Acquisition & Development) Total Assets : $1.77 Mil (As of Sep. 2023)

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What is Novus Acquisition & Development Total Assets?

Novus Acquisition & Development's Total Assets for the quarter that ended in Sep. 2023 was $1.77 Mil.

Total Assets is connected with ROA %. Novus Acquisition & Development's annualized ROA % for the quarter that ended in Sep. 2023 was 8.83%. Total Assets is also linked to Revenue through Asset Turnover. Novus Acquisition & Development's Asset Turnover for the quarter that ended in Sep. 2023 was 0.05.

Novus Acquisition & Development Total Assets Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development Total Assets Chart

Novus Acquisition & Development Annual Data

Trend

Total Assets

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Total Assets	-	1.77

Novus Acquisition & Development 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.

Novus Acquisition & Development's Total Assets for the fiscal year that ended in . 20 is calculated as

Total Assets	=	Total Equity (A: . 20 )	+	Total Liabilities (A: . 20 )
	=	N/A	+	N/A
	=	N/A

Novus Acquisition & Development'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 )
	=	1.721	+	0.046
	=	1.77

Novus Acquisition & Development (OTCPK:NDEV) Total Assets Explanation

Total Assets is connected with ROA %.

Novus Acquisition & Development's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0.156	/	( (0	+	1.767)	/ 1 )
	=	0.156	/	1.767
	=	8.83 %

Note: The Net Income data used here is four times the quarterly (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.

Novus Acquisition & Development's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.086	/	( (0	+	1.767)	/ 1 )
=	0.086	/	1.767
=	0.05

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.

Novus Acquisition & Development Total Assets Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.