Nippon Building Fund (TSE:8951) Total Assets : 円1,385,619 Mil (As of Dec. 2023)

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What is Nippon Building Fund Total Assets?

Nippon Building Fund's Total Assets for the quarter that ended in Dec. 2023 was 円1,385,619 Mil.

During the past 12 months, Nippon Building Fund's average Total Assets Growth Rate was 0.70% per year.

During the past 13 years, Nippon Building Fund's highest 3-Year average Total Assets Growth Rate was 11.60%. The lowest was -1.00%. And the median was 5.00%.

Total Assets is connected with ROA %. Nippon Building Fund's annualized ROA % for the quarter that ended in Dec. 2023 was 2.82%. Total Assets is also linked to Revenue through Asset Turnover. Nippon Building Fund's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Nippon Building Fund Total Assets Historical Data

The historical data trend for Nippon Building Fund'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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Nippon Building Fund Total Assets Chart

Nippon Building Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,042,753.52

1,306,855.02

1,368,739.45

1,385,619.00

Nippon Building Fund Semi-Annual Data
	Jun14	Dec14	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															1,306,855.02	1,367,719.93	1,368,739.45	1,385,920.59	1,385,619.00

Nippon Building Fund 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.

Nippon Building Fund'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 )
	=	706247	+	679372
	=	1,385,619

Nippon Building Fund'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 )
	=	706247	+	679372
	=	1,385,619

Nippon Building Fund (TSE:8951) Total Assets Explanation

Total Assets is connected with ROA %.

Nippon Building Fund'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 )
	=	39026	/	( (1385920.593	+	1385619)	/ 2 )
	=	39026	/	1385769.7965
	=	2.82 %

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.

Nippon Building Fund'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 )
=	47348	/	( (1385920.593	+	1385619)	/ 2 )
=	47348	/	1385769.7965
=	0.03

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.

Nippon Building Fund Total Assets Related Terms

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Nippon Building Fund (TSE:8951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Building Fund Inc (TSE:8951) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

38th Floor, GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6738

Website

http://www.nbf-m.com

Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio is primarily comprised of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's largest customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.

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