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Direct Nickel (ASX:DIR) Total Assets : A$0.88 Mil (As of Dec. 2014)


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What is Direct Nickel Total Assets?

Direct Nickel's Total Assets for the quarter that ended in Dec. 2014 was A$0.88 Mil.

Total Assets is connected with ROA %. Direct Nickel's annualized ROA % for the quarter that ended in Dec. 2014 was 204.37%. Total Assets is also linked to Revenue through Asset Turnover. Direct Nickel's Asset Turnover for the quarter that ended in Dec. 2014 was 0.01.


Direct Nickel Total Assets Historical Data

The historical data trend for Direct Nickel'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.

* Premium members only.

Direct Nickel Total Assets Chart

Direct Nickel Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 7.90 0.86

Direct Nickel Semi-Annual Data
Jun04 Dec04 Jun05 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.91 7.90 1.45 0.86 0.88

Direct Nickel 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.

Direct Nickel's Total Assets for the fiscal year that ended in Jun. 2014 is calculated as

Total Assets=Total Equity (A: Jun. 2014 )+Total Liabilities (A: Jun. 2014 )
=-6.504+7.367
=0.86

Direct Nickel's Total Assets for the quarter that ended in Dec. 2014 is calculated as

Total Assets=Total Equity (Q: Dec. 2014 )+Total Liabilities (Q: Dec. 2014 )
=-5.615+6.492
=0.88

* 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.


Direct Nickel  (ASX:DIR) Total Assets Explanation

Total Assets is connected with ROA %.

Direct Nickel's annualized ROA % for the quarter that ended in Dec. 2014 is

ROA %=Net Income (Q: Dec. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Dec. 2014 ))/ count )
=1.778/( (0.863+0.877)/ 2 )
=1.778/0.87
=204.37 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) 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.

Direct Nickel's Asset Turnover for the quarter that ended in Dec. 2014 is

Asset Turnover
=Revenue (Q: Dec. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Dec. 2014 ))/ count )
=0.005/( (0.863+0.877)/ 2 )
=0.005/0.87
=0.01

* 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.

Direct Nickel Total Assets Related Terms

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Direct Nickel (ASX:DIR) Business Description

Traded in Other Exchanges
N/A
Address
Direct Nickel Ltd is incorporated and domiciled in Australia. The Company is engaged in the research and development of nickel processing technology within the Oceania region. The Company has operations in Sydney and Perth. It also operates in Indonesia through its subsidiary, PT Direct Nickel with offices in Jakarta and has a 50% interest in a laterite deposit in Papua New Guinea.

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