NOVV (Nova Vision Acquisition) Total Assets : $2.75 Mil (As of Sep. 2024)

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What is Nova Vision Acquisition Total Assets?

Nova Vision Acquisition's Total Assets for the quarter that ended in Sep. 2024 was $2.75 Mil.

During the past 12 months, Nova Vision Acquisition's average Total Assets Growth Rate was -84.30% per year.

Total Assets is connected with ROA %. Nova Vision Acquisition's annualized ROA % for the quarter that ended in Sep. 2024 was -2.90%. Total Assets is also linked to Revenue through Asset Turnover. Nova Vision Acquisition's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Nova Vision Acquisition Total Assets Historical Data

The historical data trend for Nova Vision Acquisition'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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Nova Vision Acquisition Total Assets Chart

Nova Vision Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

58.97

19.03

17.94

Nova Vision Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial										17.56	17.94	18.33	18.74	2.75

Nova Vision Acquisition 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.

Nova Vision Acquisition'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 )
	=	14.871	+	3.068
	=	17.94

Nova Vision Acquisition'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 )
	=	-1.504	+	4.256
	=	2.75

Nova Vision Acquisition (NAS:NOVV) Total Assets Explanation

Total Assets is connected with ROA %.

Nova Vision Acquisition'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 )
	=	-0.312	/	( (18.74	+	2.752)	/ 2 )
	=	-0.312	/	10.746
	=	-2.90 %

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.

Nova Vision Acquisition'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 )
=	0	/	( (18.74	+	2.752)	/ 2 )
=	0	/	10.746
=	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.

Nova Vision Acquisition Total Assets Related Terms

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Nova Vision Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nova Vision Acquisition Corp (NAS:NOVV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Havelock Road, No. 07-12, Singapore, SGP, 059763

Website

https://www.novavisionacquisition.com

Nova Vision Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Wing Ho Ngan	director, 10 percent owner	3 OCEAN WAY,, #05-07,, SINGAPORE U0 098368
Ma Chun Fung Horace	director	FLAT C, 12/F, 42 BROADWAY, MEI FOO SUN CHUEN, KOWLOON, HONG KONG F4 999077
Cheng Tin Lun Brian	director	FLAT 1A, 33/F, CLOVELLY COURT, 12 MAY ROAD, HONG KONG F4 999077
Philip Richard Herbert	director	5B, KELLETT HTS, 61 MT KELLETT ROAD, PEAK, HONG KONG F4 999077
Wong Eric Ping Hang	director, officer: CEO & CFO	UNIT D, 48/F., TOWER 2,, SORRENTO,1 AUSTIN RD W, TSIM SHA TSUI,, KOWLOON, HONG KONG F4 00000
Nova Pulsar Holdings Ltd	10 percent owner	3 OCEAN WAY #5-7, SINGAPORE U0 098368