National Finance CoOG (MUS:NFCI) Total Assets : ر.ع594.99 Mil (As of Sep. 2024)

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What is National Finance CoOG Total Assets?

National Finance CoOG's Total Assets for the quarter that ended in Sep. 2024 was ر.ع594.99 Mil.

During the past 12 months, National Finance CoOG's average Total Assets Growth Rate was 21.40% per year. During the past 3 years, the average Total Assets Growth Rate was 6.40% per year. During the past 5 years, the average Total Assets Growth Rate was 2.20% per year. During the past 10 years, the average Total Assets Growth Rate was 14.40% per year.

During the past 13 years, National Finance CoOG's highest 3-Year average Total Assets Growth Rate was 32.10%. The lowest was -0.90%. And the median was 15.15%.

Total Assets is connected with ROA %. National Finance CoOG's annualized ROA % for the quarter that ended in Sep. 2024 was 2.00%. Total Assets is also linked to Revenue through Asset Turnover. National Finance CoOG's Asset Turnover for the quarter that ended in Sep. 2024 was 0.02.

National Finance CoOG Total Assets Historical Data

The historical data trend for National Finance CoOG'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 Finance CoOG Total Assets Chart

National Finance CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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453.30

426.13

430.42

451.14

512.49

National Finance CoOG Quarterly Data
	Jun18	Sep18	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															491.68	512.49	539.06	562.72	594.99

National Finance CoOG 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 Finance CoOG'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 )
	=	106.239	+	406.247
	=	512.49

National Finance CoOG'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 )
	=	143.696	+	451.295
	=	594.99

National Finance CoOG (MUS:NFCI) Total Assets Explanation

Total Assets is connected with ROA %.

National Finance CoOG'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 )
	=	11.588	/	( (562.724	+	594.991)	/ 2 )
	=	11.588	/	578.8575
	=	2.00 %

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 Finance CoOG'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 )
=	9.015	/	( (562.724	+	594.991)	/ 2 )
=	9.015	/	578.8575
=	0.02

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 Finance CoOG Total Assets Related Terms

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National Finance CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » National Finance Co SAOG (MUS:NFCI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1706, Ruwi, OMN, 112

Website

https://www.nationalfinance.co.om

National Finance Co SAOG is a financial institution. The company is engaged in the leasing business. It offers a wide range of financial products to corporate and retail customers with a key focus on Small and Medium Enterprises. The company offers vehicle finance, consumer durables finance, special schemes, equipment finance, corporate deposits, and factoring services.

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