Nordic Flanges Group AB (OSTO:NFGAB) Total Assets : kr129.5 Mil (As of Dec. 2023)

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What is Nordic Flanges Group AB Total Assets?

Nordic Flanges Group AB's Total Assets for the quarter that ended in Dec. 2023 was kr129.5 Mil.

During the past 12 months, Nordic Flanges Group AB's average Total Assets Growth Rate was -9.90% per year. During the past 3 years, the average Total Assets Growth Rate was 5.00% per year. During the past 5 years, the average Total Assets Growth Rate was -3.70% per year. During the past 10 years, the average Total Assets Growth Rate was -7.60% per year.

During the past 13 years, Nordic Flanges Group AB's highest 3-Year average Total Assets Growth Rate was 5.00%. The lowest was -21.60%. And the median was -12.20%.

Total Assets is connected with ROA %. Nordic Flanges Group AB's annualized ROA % for the quarter that ended in Dec. 2023 was -17.70%. Total Assets is also linked to Revenue through Asset Turnover. Nordic Flanges Group AB's Asset Turnover for the quarter that ended in Dec. 2023 was 0.74.

Nordic Flanges Group AB Total Assets Historical Data

The historical data trend for Nordic Flanges Group AB'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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Nordic Flanges Group AB Total Assets Chart

Nordic Flanges Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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142.19

112.17

130.70

144.51

129.53

Nordic Flanges Group AB Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															130.70	150.74	144.51	172.13	129.53

Nordic Flanges Group AB 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.

Nordic Flanges Group AB'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 )
	=	18.977	+	110.553
	=	129.5

Nordic Flanges Group AB'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 )
	=	18.977	+	110.553
	=	129.5

Nordic Flanges Group AB (OSTO:NFGAB) Total Assets Explanation

Total Assets is connected with ROA %.

Nordic Flanges Group AB's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-26.702	/	( (172.13	+	129.53)	/ 2 )
	=	-26.702	/	150.83
	=	-17.70 %

Note: The Net Income data used here is two times the semi-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.

Nordic Flanges Group AB's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	111.088	/	( (172.13	+	129.53)	/ 2 )
=	111.088	/	150.83
=	0.74

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.

Nordic Flanges Group AB Total Assets Related Terms

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Nordic Flanges Group AB (OSTO:NFGAB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Flanges Group AB (OSTO:NFGAB) » Definitions » Total Assets

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Address

Herkulesgatan 14, Stockholm, SWE, 111 52

Website

http://www.nordicflanges.se

Nordic Flanges Group AB is a manufacturer and supplier of standard and special flanges in Nordic countries. It provides flange solutions in stainless steel, aluminum and carbon steel. Its products include stock flanges, welding necks, welding rings and loose flanges in stainless steel, carbon steel and stock other types of flanges, DIN 2642 flanges, DIN 2527 blind flanges and DIN 2673 flanges for plastic piping.

Nordic Flanges Group AB (OSTO:NFGAB) Headlines

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