Nordic Unmanned ASA (FRA:8VH) Total Assets : €43.30 Mil (As of Sep. 2023)

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What is Nordic Unmanned ASA Total Assets?

Nordic Unmanned ASA's Total Assets for the quarter that ended in Sep. 2023 was €43.30 Mil.

Warning Sign:

If a company builds assets at 120.9% a year, faster than its revenue growth rate of 78.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Nordic Unmanned ASA's average Total Assets Growth Rate was -15.10% per year. During the past 3 years, the average Total Assets Growth Rate was 117.50% per year. During the past 5 years, the average Total Assets Growth Rate was 120.90% per year.

During the past 6 years, Nordic Unmanned ASA's highest 3-Year average Total Assets Growth Rate was 204.70%. The lowest was 89.60%. And the median was 117.50%.

Total Assets is connected with ROA %. Nordic Unmanned ASA's annualized ROA % for the quarter that ended in Sep. 2023 was -13.35%. Total Assets is also linked to Revenue through Asset Turnover. Nordic Unmanned ASA's Asset Turnover for the quarter that ended in Sep. 2023 was 0.14.

Nordic Unmanned ASA Total Assets Historical Data

The historical data trend for Nordic Unmanned ASA'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 Unmanned ASA Total Assets Chart

Nordic Unmanned ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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1.47

4.63

15.67

45.54

45.94

Nordic Unmanned ASA Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial													57.67	45.94	44.05	45.44	43.30

Nordic Unmanned ASA 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 Unmanned ASA's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	23.556	+	22.382
	=	45.94

Nordic Unmanned ASA's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	11.656	+	31.648
	=	43.30

Nordic Unmanned ASA (FRA:8VH) Total Assets Explanation

Total Assets is connected with ROA %.

Nordic Unmanned ASA's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-5.924	/	( (45.441	+	43.304)	/ 2 )
	=	-5.924	/	44.3725
	=	-13.35 %

Note: The Net Income data used here is four times the quarterly (Sep. 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 Unmanned ASA's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	6.148	/	( (45.441	+	43.304)	/ 2 )
=	6.148	/	44.3725
=	0.14

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 Unmanned ASA Total Assets Related Terms

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Nordic Unmanned ASA (FRA:8VH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nordic Unmanned ASA (FRA:8VH) » Definitions » Total Assets

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NUMND:Norway

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.nordicunmanned.com

Nordic Unmanned ASA is a provider of drone systems and services. The products help in emissions monitoring, oil spill monitoring, logistics and robotization, defence and security, power line inspection, and insurance inspections. Also, the company provides software solutions, spare parts, and consulting services.

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