Nickel Industries (ASX:NIC) Total Assets : A$6,083 Mil (As of Dec. 2023)

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What is Nickel Industries Total Assets?

Nickel Industries's Total Assets for the quarter that ended in Dec. 2023 was A$6,083 Mil.

During the past 12 months, Nickel Industries's average Total Assets Growth Rate was 31.40% per year. During the past 3 years, the average Total Assets Growth Rate was 61.30% per year.

During the past 5 years, Nickel Industries's highest 3-Year average Total Assets Growth Rate was 61.30%. The lowest was 61.30%. And the median was 61.30%.

Total Assets is connected with ROA %. Nickel Industries's annualized ROA % for the quarter that ended in Dec. 2023 was 5.35%. Total Assets is also linked to Revenue through Asset Turnover. Nickel Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.

Nickel Industries Total Assets Historical Data

The historical data trend for Nickel Industries'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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Nickel Industries Total Assets Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Total Assets

1,639.65

2,520.06

3,960.68

6,082.59

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							2,520.06	3,196.81	3,960.68	4,477.40	6,082.59

Nickel Industries 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.

Nickel Industries'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 )
	=	4342.523	+	1740.068
	=	6,083

Nickel Industries'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 )
	=	4342.523	+	1740.068
	=	6,083

Nickel Industries (ASX:NIC) Total Assets Explanation

Total Assets is connected with ROA %.

Nickel Industries'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 )
	=	282.274	/	( (4477.398	+	6082.591)	/ 2 )
	=	282.274	/	5279.9945
	=	5.35 %

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.

Nickel Industries'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 )
=	1416.071	/	( (4477.398	+	6082.591)	/ 2 )
=	1416.071	/	5279.9945
=	0.27

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.

Nickel Industries Total Assets Related Terms

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Nickel Industries (ASX:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (ASX:NIC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NICMF:USA NM5:Germany

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.