Nickel 28 Capital (TSXV:NKL) Total Assets : C$208.88 Mil (As of Oct. 2023)

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What is Nickel 28 Capital Total Assets?

Nickel 28 Capital's Total Assets for the quarter that ended in Oct. 2023 was C$208.88 Mil.

During the past 12 months, Nickel 28 Capital's average Total Assets Growth Rate was -13.30% per year. During the past 3 years, the average Total Assets Growth Rate was -5.60% per year.

During the past 4 years, Nickel 28 Capital's highest 3-Year average Total Assets Growth Rate was -5.60%. The lowest was -5.60%. And the median was -5.60%.

Total Assets is connected with ROA %. Nickel 28 Capital's annualized ROA % for the quarter that ended in Oct. 2023 was 2.93%. Total Assets is also linked to Revenue through Asset Turnover. Nickel 28 Capital's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Nickel 28 Capital Total Assets Historical Data

The historical data trend for Nickel 28 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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Nickel 28 Capital Total Assets Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Total Assets

250.41

225.72

202.11

207.67

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial											230.09	207.67	212.89	210.17	208.88

Nickel 28 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.

Nickel 28 Capital's Total Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (A: Jan. 2023 )	+	Total Liabilities (A: Jan. 2023 )
	=	121.802	+	85.863
	=	207.67

Nickel 28 Capital's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	130.763	+	78.113
	=	208.88

Nickel 28 Capital (TSXV:NKL) Total Assets Explanation

Total Assets is connected with ROA %.

Nickel 28 Capital's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	6.148	/	( (210.167	+	208.876)	/ 2 )
	=	6.148	/	209.5215
	=	2.93 %

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

Nickel 28 Capital's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0	/	( (210.167	+	208.876)	/ 2 )
=	0	/	209.5215
=	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.

Nickel 28 Capital Total Assets Related Terms

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Nickel 28 Capital (TSXV:NKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (TSXV:NKL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CONXF:USA 3JC:Germany

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.

Executives

Edward A. Collery	Director, Director or Senior Officer of 10% Security Holder
Pelham Investment Partners	10% Security Holder

Nickel 28 Capital (TSXV:NKL) Headlines

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