Noble's Total Assets for the quarter that ended in Dec. 2023 was $5,507 Mil.
During the past 12 months, Noble's average Total Assets Growth Rate was 8.20% per year.
Total Assets is connected with ROA %. Noble's annualizedROA % for the quarter that ended in Dec. 2023 was 11.11%. Total Assets is also linked to Revenue through Asset Turnover. Noble's Asset Turnover for the quarter that ended in Dec. 2023 was 0.12.
Noble Total Assets Historical Data
The historical data trend for Noble'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 Annual Data
Trend
Dec20
Dec21
Dec22
Dec23
Total Assets
-
2,073.44
5,234.86
5,507.44
Noble Quarterly Data
Dec20
Sep21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Total Assets
5,234.86
5,072.39
5,197.40
5,268.92
5,507.44
Noble 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's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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 Total Assets Related Terms
Thank you for viewing the detailed overview of Noble's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.
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