Nuran Wireless (XCNQ:NUR) Total Assets : C$20.21 Mil (As of Dec. 2023)

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What is Nuran Wireless Total Assets?

Nuran Wireless's Total Assets for the quarter that ended in Dec. 2023 was C$20.21 Mil.

During the past 12 months, Nuran Wireless's average Total Assets Growth Rate was 8.00% per year. During the past 3 years, the average Total Assets Growth Rate was 34.10% per year. During the past 5 years, the average Total Assets Growth Rate was 24.60% per year.

During the past 9 years, Nuran Wireless's highest 3-Year average Total Assets Growth Rate was 36.30%. The lowest was 1.00%. And the median was 23.45%.

Total Assets is connected with ROA %. Nuran Wireless's annualized ROA % for the quarter that ended in Dec. 2023 was -57.11%. Total Assets is also linked to Revenue through Asset Turnover. Nuran Wireless's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Nuran Wireless Total Assets Historical Data

The historical data trend for Nuran Wireless'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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Nuran Wireless Total Assets Chart

Nuran Wireless Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec22

Dec23

Total Assets

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7.55

8.83

7.65

18.74

20.21

Nuran Wireless Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															18.26	18.74	19.05	19.67	20.21

Nuran Wireless 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.

Nuran Wireless'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 )
	=	-5.168	+	25.378
	=	20.21

Nuran Wireless'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 )
	=	-5.168	+	25.378
	=	20.21

Nuran Wireless (XCNQ:NUR) Total Assets Explanation

Total Assets is connected with ROA %.

Nuran Wireless's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-11.388	/	( (19.668	+	20.211)	/ 2 )
	=	-11.388	/	19.9395
	=	-57.11 %

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

Nuran Wireless's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1.131	/	( (19.668	+	20.211)	/ 2 )
=	1.131	/	19.9395
=	0.06

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.

Nuran Wireless Total Assets Related Terms

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Nuran Wireless (XCNQ:NUR) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nuran Wireless Inc (XCNQ:NUR) » Definitions » Total Assets

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NRRWF:USA 1RNA:Germany

Address

2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3

Website

https://www.nuranwireless.com

Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments NaaS and Direct sales. The majority of the revenue is derived from Africa followed by Canada and so on.

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