Noble Iron (TSXV:NIR.H) Total Assets : C$1.34 Mil (As of Dec. 2023)

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What is Noble Iron Total Assets?

Noble Iron's Total Assets for the quarter that ended in Dec. 2023 was C$1.34 Mil.

During the past 12 months, Noble Iron's average Total Assets Growth Rate was -98.50% per year. During the past 3 years, the average Total Assets Growth Rate was -58.80% per year. During the past 5 years, the average Total Assets Growth Rate was -34.80% per year. During the past 10 years, the average Total Assets Growth Rate was -41.40% per year.

During the past 13 years, Noble Iron's highest 3-Year average Total Assets Growth Rate was 324.80%. The lowest was -67.50%. And the median was -18.00%.

Total Assets is connected with ROA %. Noble Iron's annualized ROA % for the quarter that ended in Dec. 2023 was 609.92%. Total Assets is also linked to Revenue through Asset Turnover. Noble Iron's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Noble Iron Total Assets Historical Data

The historical data trend for Noble Iron'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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Noble Iron Total Assets Chart

Noble Iron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6.42

6.37

6.33

11.75

1.34

Noble Iron Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															11.75	11.61	10.10	1.42	1.34

Noble Iron 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.

Noble Iron'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 )
	=	1.01	+	0.332
	=	1.34

Noble Iron'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 )
	=	1.01	+	0.332
	=	1.34

Noble Iron (TSXV:NIR.H) Total Assets Explanation

Total Assets is connected with ROA %.

Noble Iron's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	8.42	/	( (1.419	+	1.342)	/ 2 )
	=	8.42	/	1.3805
	=	609.92 %

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

Noble Iron's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (1.419	+	1.342)	/ 2 )
=	0	/	1.3805
=	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.

Noble Iron Total Assets Related Terms

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Noble Iron (TSXV:NIR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Noble Iron Inc (TSXV:NIR.H) » Definitions » Total Assets

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Address

7-871 Victoria Street North, Suite 330, Kitchener, ON, CAN, N2B 3S4

Website

http://www.nobleiron.com

Noble Iron Inc operates in equipment rental, equipment distribution, and enterprise asset management software for the construction and industrial equipment industry. The firm's software division operates under the name "Texada Software". Texada Software develops software applications to manage the complete equipment ownership lifecycle: from equipment purchasing, rental and sales transactions, inventory management, maintenance, and depreciation tracking through to used equipment sales, disposal, and inventory replenishment. Texada Software offers in the cloud or client-based software and is scalable to meet the needs of any equipment rental company, dealership, construction company, contractor, and any customer who owns or uses construction or industrial equipment.

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