Nordic Mining ASA (OSL:NOM) Total Assets : kr3,378.23 Mil (As of Mar. 2024)

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What is Nordic Mining ASA Total Assets?

Nordic Mining ASA's Total Assets for the quarter that ended in Mar. 2024 was kr3,378.23 Mil.

During the past 12 months, Nordic Mining ASA's average Total Assets Growth Rate was 85.50% per year. During the past 3 years, the average Total Assets Growth Rate was 166.70% per year. During the past 5 years, the average Total Assets Growth Rate was 118.40% per year. During the past 10 years, the average Total Assets Growth Rate was 58.70% per year.

During the past 13 years, Nordic Mining ASA's highest 3-Year average Total Assets Growth Rate was 166.70%. The lowest was -38.70%. And the median was 15.50%.

Total Assets is connected with ROA %. Nordic Mining ASA's annualized ROA % for the quarter that ended in Mar. 2024 was -5.01%. Total Assets is also linked to Revenue through Asset Turnover. Nordic Mining ASA's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Nordic Mining ASA Total Assets Historical Data

The historical data trend for Nordic Mining ASA'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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Nordic Mining ASA Total Assets Chart

Nordic Mining ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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152.42

173.65

255.29

1,514.42

3,130.19

Nordic Mining ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															2,480.75	2,644.75	2,603.42	3,130.19	3,378.23

Nordic Mining ASA 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.

Nordic Mining ASA'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 )
	=	1528.965	+	1601.222
	=	3,130.19

Nordic Mining ASA's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	1486.644	+	1891.59
	=	3,378.23

Nordic Mining ASA (OSL:NOM) Total Assets Explanation

Total Assets is connected with ROA %.

Nordic Mining ASA's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-163.056	/	( (3130.187	+	3378.234)	/ 2 )
	=	-163.056	/	3254.2105
	=	-5.01 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Nordic Mining ASA's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (3130.187	+	3378.234)	/ 2 )
=	0	/	3254.2105
=	0.00

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.

Nordic Mining ASA Total Assets Related Terms

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Nordic Mining ASA (OSL:NOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordic Mining ASA (OSL:NOM) » Definitions » Total Assets

Comparable Companies

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NOMO:Sweden 7NM:Germany

Address

Vika Atrium, Munkedamsveien 45, Entrance A - 5th Floor, Oslo, NOR, N-0250

Website

https://www.nordicmining.com

Nordic Mining ASA and its subsidiaries are engaged in exploration, extraction, and production of high-end industrial minerals and metals. The company's reportable segments are Titanium and Garnet. The company's project includes Engebo rutile and garnet project.