Unity Bank (NSA:UBP) Total Assets: ₦472,584.92 Mil (As of Dec. 2023)


NSA:UBP Unity Bank PLC NSA:UBP
8 GF Score
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What is Unity Bank Total Assets?

Unity Bank NSA:UBP 8 Total Assets is ₦472,584.92 Mil as of Dec. 2023. GuruFocus rates NSA:UBP with a GF Score™ of 8/100.

Unity Bank's Total Assets for the quarter that ended in Dec. 2023 was ₦472,584.92 Mil.

Total Assets is connected with ROA %. Unity Bank's annualized ROA % for the quarter that ended in Dec. 2023 was -12.75%. Total Assets is also linked to Revenue through Asset Turnover. Unity Bank's Asset Turnover for the quarter that ended in Dec. 2023 was -0.05.

Unity Bank  (NSA:UBP) Total Assets Explanation

Total Assets is connected with ROA %.

Unity Bank's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=-62637.125/( (510143.959+472584.916)/ 2 )
=-62637.125/491364.4375
=-12.75 %

Note: The Net Income data used here is one times the 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.

Unity Bank's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=-26988.719/( (510143.959+472584.916)/ 2 )
=-26988.719/491364.4375
=-0.05

* 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.

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.

Unity Bank Total Assets Related Terms

Unity Bank Total Assets Historical Data

* Premium members only.

The historical data trend for Unity Bank'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.

Unity Bank Total Assets Chart

Unity Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only 293,052.07 492,020.33 538,868.76 510,143.96 472,584.92

Unity Bank Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only 293,052.07 492,020.33 538,868.76 510,143.96 472,584.92
NSA:UBP
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Unity Bank PLC NSA:UBP
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Unity Bank 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.

Unity Bank'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 )
=-326873.324+799458.24
=472,584.92

Unity Bank'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 )
=-326873.324+799458.24
=472,584.92

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of ₦472,584.92 Mil mean?
Unity Bank (NSA:UBP) has a Total Assets of ₦472,584.92 Mil as of Dec. 2023. The total amount of assets as recorded on a company's balance sheet. View historical data on Unity Bank and its competitors.
Is Unity Bank's Total Assets too high?
Unity Bank's current Total Assets is ₦472,584.92 Mil. Overall, Unity Bank has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Unity Bank's Total Assets compare to USB and PNC?
Unity Bank's Total Assets of ₦472,584.92 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Banks company?
A good Total Assets depends on the Banks industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Unity Bank and its competitors. Unity Bank's current Total Assets is ₦472,584.92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unity Bank stock overvalued right now?
Unity Bank (NSA:UBP) has a current Total Assets of ₦472,584.92 Mil. The current Total Assets is ₦472,584.92 Mil. Unity Bank's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Unity Bank (NSA:UBP), the current Total Assets is ₦472,584.92 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Unity Bank Business Description

Address Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA
Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, and corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated two geographical segments in addition to the Head Office which is: North and South Bank, of which it dervies majority revenue from North Bank.
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Get the complete analysis for NSA:UBP

Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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