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New Zealand Rural Land Co (NZSE:NZL) Total Assets : NZ$398.22 Mil (As of Dec. 2023)


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What is New Zealand Rural Land Co Total Assets?

New Zealand Rural Land Co's Total Assets for the quarter that ended in Dec. 2023 was NZ$398.22 Mil.

During the past 12 months, New Zealand Rural Land Co's average Total Assets Growth Rate was 24.30% per year.

Total Assets is connected with ROA %. New Zealand Rural Land Co's annualized ROA % for the quarter that ended in Dec. 2023 was 4.83%. Total Assets is also linked to Revenue through Asset Turnover. New Zealand Rural Land Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.


New Zealand Rural Land Co Total Assets Historical Data

The historical data trend for New Zealand Rural Land 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.

New Zealand Rural Land Co Total Assets Chart

New Zealand Rural Land Co Annual Data
Trend Jun22 Dec23
Total Assets
320.45 398.22

New Zealand Rural Land Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets 221.37 320.45 320.07 362.65 398.22

New Zealand Rural Land 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.

New Zealand Rural Land Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=240.22+158.005
=398.23

New Zealand Rural Land 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 )
=240.22+158.005
=398.23

* 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.


New Zealand Rural Land Co  (NZSE:NZL) Total Assets Explanation

Total Assets is connected with ROA %.

New Zealand Rural Land 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 )
=18.39/( (362.647+398.224)/ 2 )
=18.39/380.4355
=4.83 %

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.

New Zealand Rural Land 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 )
=9.677/( (362.647+398.224)/ 2 )
=9.677/380.4355
=0.03

* 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.

New Zealand Rural Land Co Total Assets Related Terms

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New Zealand Rural Land Co (NZSE:NZL) Business Description

Traded in Other Exchanges
Address
c/o Duncan Cotterill, Level 2, Chartered Accountants, 50 Customhouse Quay, Wellington, NZL, 6011
New Zealand Rural Land Co Ltd operates as a real estate company that offers investors exposure to rural land as an asset class without direct involvement in agricultural operations. Its principal activity is an investment in New Zealand's rural farmland. The company seeks an opportunity to focus on dairyland, due to a combination of recent legislative and bank lending changes.

New Zealand Rural Land Co (NZSE:NZL) Headlines

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