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NGL Energy Partners LP (NYSE:NGL)
Total Assets
$6,643 Mil (As of Jun. 2015)

NGL Energy Partners LP's total assets for the quarter that ended in Jun. 2015 was $6,643 Mil.

During the past 12 months, NGL Energy Partners LP's average Total Assets Growth Rate was 56.20% per year. During the past 3 years, the average Total Assets Growth Rate was 106.30% per year. During the past 5 years, the average Total Assets Growth Rate was 154.40% per year.

During the past 7 years, NGL Energy Partners LP's highest 3-Year average Total Assets Growth Rate was 203.80%. The lowest was 106.30%. And the median was 152.25%.

Total Assets is connected with Return on Assets (ROA). NGL Energy Partners LP's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2015 was -2.57%. Total Assets is also linked to revenue through asset turnover. NGL Energy Partners LP's asset turnover for the quarter that ended in Jun. 2015 was 0.54.


Definition

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.

NGL Energy Partners LP's Total Assets for the fiscal year that ended in Mar. 2015 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=1645.344+(1617.389+2691.104+593.664)
=6,548

Total Assets=Total Shareholder’s Equity (A: Mar. 2015 )+Total Liabilities (A: Mar. 2015 )
=2125.794+4421.707
=6,548

NGL Energy Partners LP's Total Assets for the quarter that ended in Jun. 2015 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=1587.395+(1743.584+2703.132+608.54)
=6,643

Total Assets=Total Shareholder’s Equity (Q: Jun. 2015 )+Total Liabilities (Q: Jun. 2015 )
=2021.638+4621.013
=6,643

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Total Assets is connected with Return on Assets.

NGL Energy Partners LP's annualized Return on Assets (ROA) for the quarter that ended in Jun. 2015 is

ROA=Net Income (Q: Jun. 2015 )/( (Total Assets (Q: Mar. 2015 )+Total Assets (Q: Jun. 2015 ))/ 2 )
=-169.604/( (6547.501+6642.651)/ 2 )
=-169.604/6595.076
=-2.57 %

Note: The Net Income data used here is four times the quarterly (Jun. 2015) net income 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.

NGL Energy Partners LP's Asset Turnover for the quarter that ended in Jun. 2015 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Jun. 2015 )/( (Total Assets (Q: Mar. 2015 )+Total Assets (Q: Jun. 2015 ))/ 2 )
=3538.469/( (6547.501+6642.651)/ 2 )
=3538.469/6595.076
=0.54

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15
Total Assets 0001031121647492,2914,1486,548

NGL Energy Partners LP Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Total Assets 2,2912,3533,0264,4774,1484,2666,5526,9066,5486,643
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