Nine Entertainment Co. Holdings (ASX:NEC) Total Assets : A$4,045 Mil (As of Dec. 2023)

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What is Nine Entertainment Co. Holdings Total Assets?

Nine Entertainment Co. Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$4,045 Mil.

During the past 12 months, Nine Entertainment Co. Holdings's average Total Assets Growth Rate was -3.10% per year. During the past 3 years, the average Total Assets Growth Rate was 4.00% per year. During the past 5 years, the average Total Assets Growth Rate was 11.40% per year.

During the past 10 years, Nine Entertainment Co. Holdings's highest 3-Year average Total Assets Growth Rate was 28.40%. The lowest was -14.60%. And the median was 4.00%.

Total Assets is connected with ROA %. Nine Entertainment Co. Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 4.91%. Total Assets is also linked to Revenue through Asset Turnover. Nine Entertainment Co. Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.34.

Nine Entertainment Co. Holdings Total Assets Historical Data

The historical data trend for Nine Entertainment Co. Holdings'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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Nine Entertainment Co. Holdings Total Assets Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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4,409.06

3,649.53

3,911.18

4,140.30

4,015.63

Nine Entertainment Co. Holdings 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															4,000.87	4,140.30	4,210.98	4,015.63	4,044.96

Nine Entertainment Co. Holdings 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.

Nine Entertainment Co. Holdings'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 )
	=	1876.345	+	2139.284
	=	4,016

Nine Entertainment Co. Holdings'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 )
	=	1886.731	+	2158.228
	=	4,045

Nine Entertainment Co. Holdings (ASX:NEC) Total Assets Explanation

Total Assets is connected with ROA %.

Nine Entertainment Co. Holdings'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 )
	=	197.786	/	( (4015.629	+	4044.959)	/ 2 )
	=	197.786	/	4030.294
	=	4.91 %

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.

Nine Entertainment Co. Holdings'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 )
=	1371.33	/	( (4015.629	+	4044.959)	/ 2 )
=	1371.33	/	4030.294
=	0.34

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.

Nine Entertainment Co. Holdings Total Assets Related Terms

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Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Total Assets

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Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

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