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Nutritional Growth Solutions (ASX:NGS) Total Assets : A$1.40 Mil (As of Dec. 2023)


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What is Nutritional Growth Solutions Total Assets?

Nutritional Growth Solutions's Total Assets for the quarter that ended in Dec. 2023 was A$1.40 Mil.

During the past 12 months, Nutritional Growth Solutions's average Total Assets Growth Rate was -48.90% per year. During the past 3 years, the average Total Assets Growth Rate was 13.60% per year.

During the past 4 years, Nutritional Growth Solutions's highest 3-Year average Total Assets Growth Rate was 13.60%. The lowest was 13.60%. And the median was 13.60%.

Total Assets is connected with ROA %. Nutritional Growth Solutions's annualized ROA % for the quarter that ended in Dec. 2023 was -198.58%. Total Assets is also linked to Revenue through Asset Turnover. Nutritional Growth Solutions's Asset Turnover for the quarter that ended in Dec. 2023 was 1.03.

Nutritional Growth Solutions Total Assets Historical Data

The historical data trend for Nutritional Growth Solutions'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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Nutritional Growth Solutions Total Assets Chart

Nutritional Growth Solutions Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
6.93 6.63 4.49 1.40

Nutritional Growth Solutions Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 6.63 3.80 4.49 2.83 1.40

Nutritional Growth Solutions 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.

Nutritional Growth Solutions'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 )
=-0.264+1.663
=1.40

Nutritional Growth Solutions'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 )
=-0.264+1.663
=1.40

* 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.

Nutritional Growth Solutions  (ASX:NGS) Total Assets Explanation

Total Assets is connected with ROA %.

Nutritional Growth Solutions'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 )
=-4.202/( (2.834+1.398)/ 2 )
=-4.202/2.116
=-198.58 %

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.

Nutritional Growth Solutions'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 )
=2.186/( (2.834+1.398)/ 2 )
=2.186/2.116
=1.03

* 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.

Nutritional Growth Solutions Total Assets Related Terms

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Nutritional Growth Solutions (ASX:NGS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nutritional Growth Solutions Ltd (ASX:NGS) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
3 Hanechoshet Street, Yafo, Tel Aviv, ISR, 6971068
Website
https://www.ngsolutions.co
Nutritional Growth Solutions Ltd is engaged in the business of developing produces and selling clinically tested protein supplements for children. It offers protein shakes and other products to improve the height and weight of children. It generates its revenues through the sale of its products directly to customers. its brands include Horlicks, Healthy Heights, Pro Up, and Healthy Height China. Geographically it operates in the United States and the Rest of the World and the majority of its revenue comes from the united states.