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Nubia Brand International (Nubia Brand International) Total Assets : $42.61 Mil (As of Sep. 2023)


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What is Nubia Brand International Total Assets?

Nubia Brand International's Total Assets for the quarter that ended in Sep. 2023 was $42.61 Mil.

During the past 12 months, Nubia Brand International's average Total Assets Growth Rate was -66.50% per year.

Total Assets is connected with ROA %. Nubia Brand International's annualized ROA % for the quarter that ended in Sep. 2023 was -0.83%. Total Assets is also linked to Revenue through Asset Turnover. Nubia Brand International's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Nubia Brand International Total Assets Historical Data

The historical data trend for Nubia Brand International'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.

* Premium members only.

Nubia Brand International Total Assets Chart

Nubia Brand International Annual Data
Trend Dec21 Dec22
Total Assets
0.18 128.58

Nubia Brand International Quarterly Data
Aug21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only 127.59 128.58 130.46 41.91 42.61

Nubia Brand International 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.

Nubia Brand International's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=123.348+5.232
=128.58

Nubia Brand International's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=34.001+8.604
=42.61

* 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.

Nubia Brand International  (NAS:NUBIU) Total Assets Explanation

Total Assets is connected with ROA %.

Nubia Brand International's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-0.352/( (41.908+42.606)/ 2 )
=-0.352/42.257
=-0.83 %

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

Nubia Brand International's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0/( (41.908+42.606)/ 2 )
=0/42.257
=0.00

* 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.

Nubia Brand International Total Assets Related Terms

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Nubia Brand International (Nubia Brand International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nubia Brand International Corp (NAS:NUBIU) » Definitions » Total Assets
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Traded in Other Exchanges
NUBI:USA
Address
13355 Noel Road, Suite 1100, Dallas, TX, USA, 75240
Website
Nubia Brand International Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.