Northfield Capital (TSXV:NFD.A) Total Assets : C$76.38 Mil (As of Mar. 2024)

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What is Northfield Capital Total Assets?

Northfield Capital's Total Assets for the quarter that ended in Mar. 2024 was C$76.38 Mil.

During the past 12 months, Northfield Capital's average Total Assets Growth Rate was -0.60% per year. During the past 3 years, the average Total Assets Growth Rate was -9.50% per year. During the past 5 years, the average Total Assets Growth Rate was 0.70% per year. During the past 10 years, the average Total Assets Growth Rate was 2.40% per year.

During the past 13 years, Northfield Capital's highest 3-Year average Total Assets Growth Rate was 73.20%. The lowest was -23.00%. And the median was 10.90%.

Total Assets is connected with ROA %. Northfield Capital's annualized ROA % for the quarter that ended in Mar. 2024 was -9.00%. Total Assets is also linked to Revenue through Asset Turnover. Northfield Capital's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Northfield Capital Total Assets Historical Data

The historical data trend for Northfield Capital'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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Northfield Capital Total Assets Chart

Northfield Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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88.93

102.89

99.79

92.79

79.88

Northfield Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															79.88	81.91	83.49	81.32	76.38

Northfield Capital 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.

Northfield Capital'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 )
	=	70.725	+	9.156
	=	79.88

Northfield Capital's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	60.435	+	15.941
	=	76.38

Northfield Capital (TSXV:NFD.A) Total Assets Explanation

Total Assets is connected with ROA %.

Northfield Capital's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-7.096	/	( (81.319	+	76.376)	/ 2 )
	=	-7.096	/	78.8475
	=	-9.00 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

Northfield Capital's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	1.24	/	( (81.319	+	76.376)	/ 2 )
=	1.24	/	78.8475
=	0.02

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.

Northfield Capital Total Assets Related Terms

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Northfield Capital (TSXV:NFD.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Northfield Capital Corp (TSXV:NFD.A) » Definitions » Total Assets

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Address

141 Adelaide Street West, Sutie 301, Toronto, ON, CAN, M5H 3L5

Website

https://www.northfieldcapital.com

Northfield Capital Corp is a Canada-based company. It has investment interests in the resource, transportation, manufacturing, and technology sectors. The Company's operating segments are; The investments segment includes Investment activities including holding interests in resource, manufacturing, and technology sectors, Aviation Services segment Provides chartered air, flight training, and aircraft maintenance services across Canada and across borders to the United States, the Winery segment includes Vineyard and winery located in Prince Edward County, manufacturing and selling wine, and the Distillery segment include Spirit distilling at Spirit of York distillery located in Toronto's distillery district.

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