Unity Bank (NSA:UBP) Total Assets : ₦510,144 Mil (As of Dec. 2022)

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What is Unity Bank Total Assets?

Unity Bank's Total Assets for the quarter that ended in Dec. 2022 was ₦510,144 Mil.

During the past 12 months, Unity Bank's average Total Assets Growth Rate was 1.80% per year. During the past 3 years, the average Total Assets Growth Rate was 21.70% per year. During the past 5 years, the average Total Assets Growth Rate was 33.00% per year.

During the past 8 years, Unity Bank's highest 3-Year average Total Assets Growth Rate was 46.80%. The lowest was -24.70%. And the median was 21.70%.

Total Assets is connected with ROA %. Unity Bank's annualized ROA % for the quarter that ended in Dec. 2022 was 0.18%. Total Assets is also linked to Revenue through Asset Turnover. Unity Bank's Asset Turnover for the quarter that ended in Dec. 2022 was 0.05.

Unity Bank Total Assets Historical Data

The historical data trend for Unity Bank'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.

Unity Bank Total Assets Chart

Unity Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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210,800.84

293,052.07

492,020.33

538,868.76

510,143.96

Unity Bank Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Total Assets	Get a 7-Day Free Trial			210,800.84	293,052.07	492,020.33	538,868.76	510,143.96

Unity Bank 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.

Unity Bank's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-274948.167	+	785092.126
	=	510,144

Unity Bank's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	-274948.167	+	785092.126
	=	510,144

Unity Bank (NSA:UBP) Total Assets Explanation

Total Assets is connected with ROA %.

Unity Bank's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	941.375	/	( (538868.756	+	510143.959)	/ 2 )
	=	941.375	/	524506.3575
	=	0.18 %

Note: The Net Income data used here is one times the annual (Dec. 2022) 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.

Unity Bank's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	27258.832	/	( (538868.756	+	510143.959)	/ 2 )
=	27258.832	/	524506.3575
=	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.

Unity Bank Total Assets Related Terms

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Unity Bank (NSA:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bank PLC (NSA:UBP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA

Website

http://www.unitybankng.com

Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated Two geographical segments in addition to the Head Office which are: North and South Bank, of which it dervies majority revenue from North Bank.