OY Nofar Energy (XTAE:NOFR) Total Assets : ₪6,757.8 Mil (As of Sep. 2024)

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What is OY Nofar Energy Total Assets?

OY Nofar Energy's Total Assets for the quarter that ended in Sep. 2024 was ₪6,757.8 Mil.

Warning Sign:

If a company builds assets at 146.4% a year, faster than its revenue growth rate of 23.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, OY Nofar Energy's average Total Assets Growth Rate was 26.20% per year. During the past 3 years, the average Total Assets Growth Rate was 105.60% per year. During the past 5 years, the average Total Assets Growth Rate was 146.40% per year.

During the past 7 years, OY Nofar Energy's highest 3-Year average Total Assets Growth Rate was 194.80%. The lowest was 105.60%. And the median was 148.60%.

Total Assets is connected with ROA %. OY Nofar Energy's annualized ROA % for the quarter that ended in Sep. 2024 was -1.09%. Total Assets is also linked to Revenue through Asset Turnover. OY Nofar Energy's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

OY Nofar Energy Total Assets Historical Data

The historical data trend for OY Nofar Energy'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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OY Nofar Energy Total Assets Chart

OY Nofar Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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156.96

1,058.75

2,177.77

4,597.70

5,668.27

OY Nofar Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															5,593.12	5,668.27	6,181.98	6,200.98	6,757.83

OY Nofar Energy 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.

OY Nofar Energy'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 )
	=	2771.121	+	2897.146
	=	5,668.3

OY Nofar Energy's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	2757.854	+	3999.979
	=	6,757.8

OY Nofar Energy (XTAE:NOFR) Total Assets Explanation

Total Assets is connected with ROA %.

OY Nofar Energy's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-70.524	/	( (6200.975	+	6757.833)	/ 2 )
	=	-70.524	/	6479.404
	=	-1.09 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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.

OY Nofar Energy's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	87.511	/	( (6200.975	+	6757.833)	/ 2 )
=	87.511	/	6479.404
=	0.01

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.

OY Nofar Energy Total Assets Related Terms

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OY Nofar Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » OY Nofar Energy Ltd (XTAE:NOFR) » Definitions » Total Assets

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Address

1 Hatachana Street, 11th floor, Manivim Building, Ad Halom, Kfar Saba, ISR

Website

https://www.nofar-energy.co.il

OY Nofar Energy Ltd is engaged in the business of developing and operating systems used for the production of electricity from solar energy. Also, the company has developed floating solar panels.

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