Bindura Nickel (XZIM:BIND.ZW) Total Assets : ZWL35,701 Mil (As of Mar. 2023)

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What is Bindura Nickel Total Assets?

Bindura Nickel's Total Assets for the quarter that ended in Mar. 2023 was ZWL35,701 Mil.

During the past 12 months, Bindura Nickel's average Total Assets Growth Rate was -8.30% per year. During the past 3 years, the average Total Assets Growth Rate was 5.70% per year. During the past 5 years, the average Total Assets Growth Rate was 3.40% per year.

During the past 6 years, Bindura Nickel's highest 3-Year average Total Assets Growth Rate was 7.50%. The lowest was -0.60%. And the median was 5.70%.

Total Assets is connected with ROA %. Bindura Nickel's annualized ROA % for the quarter that ended in Mar. 2023 was -22.68%. Total Assets is also linked to Revenue through Asset Turnover. Bindura Nickel's Asset Turnover for the quarter that ended in Mar. 2023 was 0.15.

Bindura Nickel Total Assets Historical Data

The historical data trend for Bindura Nickel'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.

Bindura Nickel Total Assets Chart

Bindura Nickel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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31,226.24

30,256.38

32,429.55

38,748.80

35,701.39

Bindura Nickel Semi-Annual Data
	Sep13	Sep14	Sep15	Sep16	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Total Assets	Get a 7-Day Free Trial								32,429.55	35,202.94	38,748.80	38,756.85	35,701.39

Bindura Nickel 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.

Bindura Nickel's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	13407.1	+	22294.613
	=	35,702

Bindura Nickel's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	13407.1	+	22294.613
	=	35,702

Bindura Nickel (XZIM:BIND.ZW) Total Assets Explanation

Total Assets is connected with ROA %.

Bindura Nickel's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	-8442.832	/	( (38756.846	+	35701.391)	/ 2 )
	=	-8442.832	/	37229.1185
	=	-22.68 %

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

Bindura Nickel's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	5479.79	/	( (38756.846	+	35701.391)	/ 2 )
=	5479.79	/	37229.1185
=	0.15

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.

Bindura Nickel Total Assets Related Terms

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Bindura Nickel (XZIM:BIND.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bindura Nickel Corp Ltd (XZIM:BIND.ZW) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trojan Mine Road, Trojan Nickel Mine, P.O Box 35, Bindura, ZWE

Website

https://www.binduranickel.co.zw

Bindura Nickel Corp Ltd is a mining company. It is engaged in the mining and extraction of nickel and its by-products (copper and cobalt). Its product is nickel in concentrate which contains nickel sulphide.

Bindura Nickel (XZIM:BIND.ZW) Headlines

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