Nano Labs (Nano Labs) Total Assets : $49.06 Mil (As of Dec. 2023)

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What is Nano Labs Total Assets?

Nano Labs's Total Assets for the quarter that ended in Dec. 2023 was $49.06 Mil.

During the past 12 months, Nano Labs's average Total Assets Growth Rate was 5.60% per year. During the past 3 years, the average Total Assets Growth Rate was 119.50% per year.

During the past 4 years, Nano Labs's highest 3-Year average Total Assets Growth Rate was 119.50%. The lowest was 119.50%. And the median was 119.50%.

Total Assets is connected with ROA %. Nano Labs's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Nano Labs's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Nano Labs Total Assets Historical Data

The historical data trend for Nano Labs'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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Nano Labs Total Assets Chart

Nano Labs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

9.40

142.85

52.68

49.06

Nano Labs Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial				120.41	63.68	52.68	41.44	49.06

Nano Labs 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.

Nano Labs'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 )
	=	-2.277	+	51.338
	=	49.06

Nano Labs'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 )
	=	-2.277	+	51.338
	=	49.06

Nano Labs (NAS:NA) Total Assets Explanation

Total Assets is connected with ROA %.

Nano Labs's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0	/	( (41.438	+	49.06)	/ 2 )
	=	0	/	45.249
	=	0.00 %

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.

Nano Labs's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (41.438	+	49.06)	/ 2 )
=	0	/	45.249
=	0.00

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.

Nano Labs Total Assets Related Terms

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Nano Labs (Nano Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nano Labs Ltd (NAS:NA) » Definitions » Total Assets

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Address

No. 29, East Jiefang Road, 30th Floor, Dikaiyinzuo, Zhejiang, Hangzhou, CHN

Website

https://www.nano.cn

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.