Nedbank Group (Nedbank Group) Total Assets : $70,382 Mil (As of Dec. 2023)

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What is Nedbank Group Total Assets?

Nedbank Group's Total Assets for the quarter that ended in Dec. 2023 was $70,382 Mil.

During the past 12 months, Nedbank Group's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was 1.50% per year. During the past 5 years, the average Total Assets Growth Rate was 3.60% per year. During the past 10 years, the average Total Assets Growth Rate was 5.80% per year.

During the past 13 years, Nedbank Group's highest 3-Year average Total Assets Growth Rate was 17.80%. The lowest was 1.50%. And the median was 6.40%.

Total Assets is connected with ROA %. Nedbank Group's annualized ROA % for the quarter that ended in Dec. 2023 was 1.35%. Total Assets is also linked to Revenue through Asset Turnover. Nedbank Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Nedbank Group Total Assets Historical Data

The historical data trend for Nedbank Group'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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Nedbank Group Total Assets Chart

Nedbank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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79,386.01

82,298.31

76,446.24

72,506.02

70,381.69

Nedbank Group 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															76,446.24	79,570.83	72,506.02	69,712.51	70,381.69

Nedbank Group 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.

Nedbank Group'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 )
	=	6397.911	+	63983.781
	=	70,382

Nedbank Group'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 )
	=	6397.911	+	63983.781
	=	70,382

Nedbank Group (OTCPK:NDBKY) Total Assets Explanation

Total Assets is connected with ROA %.

Nedbank Group'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 )
	=	944.142	/	( (69712.507	+	70381.692)	/ 2 )
	=	944.142	/	70047.0995
	=	1.35 %

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.

Nedbank Group'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 )
=	1693.68	/	( (69712.507	+	70381.692)	/ 2 )
=	1693.68	/	70047.0995
=	0.02

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.

Nedbank Group Total Assets Related Terms

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Nedbank Group (Nedbank Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (OTCPK:NDBKY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NED:South Africa NDBKF:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.