National Real Estate Co KSC (KUW:NRE) Total Assets : KWD551.09 Mil (As of Sep. 2024)

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What is National Real Estate Co KSC Total Assets?

National Real Estate Co KSC's Total Assets for the quarter that ended in Sep. 2024 was KWD551.09 Mil.

During the past 12 months, National Real Estate Co KSC's average Total Assets Growth Rate was -3.20% per year. During the past 3 years, the average Total Assets Growth Rate was 2.80% per year. During the past 5 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 13 years, National Real Estate Co KSC's highest 3-Year average Total Assets Growth Rate was 58.60%. The lowest was -5.80%. And the median was 4.00%.

Total Assets is connected with ROA %. National Real Estate Co KSC's annualized ROA % for the quarter that ended in Sep. 2024 was 1.54%. Total Assets is also linked to Revenue through Asset Turnover. National Real Estate Co KSC's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

National Real Estate Co KSC Total Assets Historical Data

The historical data trend for National Real Estate Co KSC'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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National Real Estate Co KSC Total Assets Chart

National Real Estate Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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482.97

491.13

654.15

538.75

533.17

National Real Estate Co KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															571.59	533.17	519.27	505.50	551.09

National Real Estate Co KSC 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.

National Real Estate Co KSC'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 )
	=	350.478	+	182.694
	=	533.17

National Real Estate Co KSC's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	369.87	+	181.224
	=	551.09

National Real Estate Co KSC (KUW:NRE) Total Assets Explanation

Total Assets is connected with ROA %.

National Real Estate Co KSC's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	8.136	/	( (505.496	+	551.094)	/ 2 )
	=	8.136	/	528.295
	=	1.54 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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.

National Real Estate Co KSC's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	1.071	/	( (505.496	+	551.094)	/ 2 )
=	1.071	/	528.295
=	0.00

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.

National Real Estate Co KSC Total Assets Related Terms

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National Real Estate Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » National Real Estate Co KSC (KUW:NRE) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

Al-Shuhada Street, P.O. Box 22644, 58th Floor, Al-Hamra Tower, Sharq, Safat, Kuwait, KWT, 13087

Website

http://www.nrec.com.kw

National Real Estate Co KSC (NREC) is a real estate investment and development company. The company is engaged in the purchase, development, and sale of land, management of real estate properties, real estate construction, and maintenance services. The company reports in two segments: Real Estate and others which include development, trading, leasing, and management of real estate properties and other activities, and the Investments segment which consists of investment in an associate, joint venture, and equity securities. The portfolio of company projects includes Residential, Malls, commercial, industrial, warehousing, and resorts. NREC has development projects in United Arab Emirates, Egypt, Jordan, Kuwait, and Libya.