New Frontier Properties (JSE:NFP) Total Assets : R1,554.9 Mil (As of May. 2020)

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What is New Frontier Properties Total Assets?

New Frontier Properties's Total Assets for the quarter that ended in May. 2020 was R1,554.9 Mil.

Total Assets is connected with ROA %. New Frontier Properties's annualized ROA % for the quarter that ended in May. 2020 was -4.69%. Total Assets is also linked to Revenue through Asset Turnover. New Frontier Properties's Asset Turnover for the quarter that ended in May. 2020 was 0.03.

New Frontier Properties Total Assets Historical Data

The historical data trend for New Frontier Properties'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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New Frontier Properties Total Assets Chart

New Frontier Properties Annual Data

Trend

Dec14

Aug16

Aug17

Aug18

Aug19

Total Assets

21.30

5,095.70

4,731.65

3,682.61

2,253.10

New Frontier Properties Quarterly Data
	May15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Total Assets	Get a 7-Day Free Trial															2,605.78	2,253.10	1,392.36	1,399.00	1,554.94

New Frontier Properties 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.

New Frontier Properties's Total Assets for the fiscal year that ended in Aug. 2019 is calculated as

Total Assets	=	Total Equity (A: Aug. 2019 )	+	Total Liabilities (A: Aug. 2019 )
	=	-814.961	+	3068.065
	=	2,253.1

New Frontier Properties's Total Assets for the quarter that ended in May. 2020 is calculated as

Total Assets	=	Total Equity (Q: May. 2020 )	+	Total Liabilities (Q: May. 2020 )
	=	-833.172	+	2388.107
	=	1,554.9

New Frontier Properties (JSE:NFP) Total Assets Explanation

Total Assets is connected with ROA %.

New Frontier Properties's annualized ROA % for the quarter that ended in May. 2020 is

ROA %	=	Net Income (Q: May. 2020 )	/	( (Total Assets (Q: Feb. 2020 )	+	Total Assets (Q: May. 2020 ))	/ count )
	=	-69.336	/	( (1399.001	+	1554.936)	/ 2 )
	=	-69.336	/	1476.9685
	=	-4.69 %

Note: The Net Income data used here is four times the quarterly (May. 2020) 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.

New Frontier Properties's Asset Turnover for the quarter that ended in May. 2020 is

	Asset Turnover
=	Revenue (Q: May. 2020 )	/	( (Total Assets (Q: Feb. 2020 )	+	Total Assets (Q: May. 2020 ))	/ count )
=	37.978	/	( (1399.001	+	1554.936)	/ 2 )
=	37.978	/	1476.9685
=	0.03

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.

New Frontier Properties Total Assets Related Terms

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New Frontier Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » New Frontier Properties Ltd (JSE:NFP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

B45 Twenty Foot Road, 5th Floor, La Croisette, Grand Baie, MUS

Website

http://newfrontierprop.com

New Frontier Properties Ltd operates as a UK real estate investment trust. The company's primary objective is to acquire and develop good quality, income-generating retail and logistics property in the UK and Europe. Its investment portfolio comprises UK shopping centers, Cleveland Centre in Middlesbrough, Coopers Square in Burton upon Trent, and Houndshill Shopping Centre in Blackpool.

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