Nova Wellness Group Bhd (XKLS:0201) Total Assets : RM119.01 Mil (As of Dec. 2023)

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What is Nova Wellness Group Bhd Total Assets?

Nova Wellness Group Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM119.01 Mil.

Warning Sign:

If a company builds assets at 22.6% a year, faster than its revenue growth rate of 13.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Nova Wellness Group Bhd's average Total Assets Growth Rate was 5.10% per year. During the past 3 years, the average Total Assets Growth Rate was 20.30% per year. During the past 5 years, the average Total Assets Growth Rate was 22.60% per year.

During the past 9 years, Nova Wellness Group Bhd's highest 3-Year average Total Assets Growth Rate was 38.00%. The lowest was 19.50%. And the median was 23.40%.

Total Assets is connected with ROA %. Nova Wellness Group Bhd's annualized ROA % for the quarter that ended in Dec. 2023 was 10.37%. Total Assets is also linked to Revenue through Asset Turnover. Nova Wellness Group Bhd's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.

Nova Wellness Group Bhd Total Assets Historical Data

The historical data trend for Nova Wellness Group Bhd'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 Wellness Group Bhd Total Assets Chart

Nova Wellness Group Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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89.57

96.71

104.47

112.44

118.47

Nova Wellness Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															117.87	113.40	118.47	117.05	119.01

Nova Wellness Group Bhd 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 Wellness Group Bhd's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	105.96	+	12.506
	=	118.47

Nova Wellness Group Bhd'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 )
	=	107.487	+	11.52
	=	119.01

Nova Wellness Group Bhd (XKLS:0201) Total Assets Explanation

Total Assets is connected with ROA %.

Nova Wellness Group Bhd'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 )
	=	12.24	/	( (117.047	+	119.006)	/ 2 )
	=	12.24	/	118.0265
	=	10.37 %

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.

Nova Wellness Group Bhd'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 )
=	10.218	/	( (117.047	+	119.006)	/ 2 )
=	10.218	/	118.0265
=	0.09

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 Wellness Group Bhd Total Assets Related Terms

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Nova Wellness Group Bhd (XKLS:0201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nova Wellness Group Bhd (XKLS:0201) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 708, Nova Avenue, Sepang, Sungai Pelek, SGR, MYS, 43950

Website

https://www.nova.my

Nova Wellness Group Bhd is engaged in development, production and sale of nutraceutical products and skincare products and providing contact manufacture of nutraceutical products. Natural Supplements, Nova Kids, Nutritional Products, Health Foods, Medical Nutrition, Personal Care, Personal Protection, Gift Of Health and Aromatherapy. The company operates into two segments; House-brand products segment and contract manufacturing and service segment. Maximum revenue is generated from House-brand products segment.

Nova Wellness Group Bhd (XKLS:0201) Headlines

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