Akita Drilling (Akita Drilling) Total Assets : $196.5 Mil (As of Dec. 2023)

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What is Akita Drilling Total Assets?

Akita Drilling's Total Assets for the quarter that ended in Dec. 2023 was $196.5 Mil.

During the past 12 months, Akita Drilling's average Total Assets Growth Rate was -1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 1.10% per year. During the past 5 years, the average Total Assets Growth Rate was -9.30% per year. During the past 10 years, the average Total Assets Growth Rate was -0.80% per year.

During the past 13 years, Akita Drilling's highest 3-Year average Total Assets Growth Rate was 43.00%. The lowest was -15.20%. And the median was 11.75%.

Total Assets is connected with ROA %. Akita Drilling's annualized ROA % for the quarter that ended in Dec. 2023 was -1.76%. Total Assets is also linked to Revenue through Asset Turnover. Akita Drilling's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.

Akita Drilling Total Assets Historical Data

The historical data trend for Akita Drilling'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.

* Premium members only.

Akita Drilling Total Assets Chart

Akita Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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280.29

196.36

193.42

197.48

196.51

Akita Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															197.48	197.45	200.46	197.37	196.51

Akita Drilling 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.

Akita Drilling'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 )
	=	116.251	+	80.261
	=	196.5

Akita Drilling'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 )
	=	116.251	+	80.261
	=	196.5

Akita Drilling (OTCPK:AKTAF) Total Assets Explanation

Total Assets is connected with ROA %.

Akita Drilling's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-3.472	/	( (197.37	+	196.512)	/ 2 )
	=	-3.472	/	196.941
	=	-1.76 %

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.

Akita Drilling's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	35.269	/	( (197.37	+	196.512)	/ 2 )
=	35.269	/	196.941
=	0.18

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.

Akita Drilling Total Assets Related Terms

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Akita Drilling (Akita Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Akita Drilling Ltd (OTCPK:AKTAF) » Definitions » Total Assets

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Traded in Other Exchanges

774:Germany AKT.B:Canada AKT.A:Canada

Address

333-7th Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 2Z1

Website

https://www.akita-drilling.com

Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The company owns and operates over 35 drilling rigs. It is also involved in the drilling related to potash mining and the development of storage caverns.