CVR Energy's Total Assets for the quarter that ended in Dec. 2023 was $4,707 Mil.
During the past 12 months, CVR Energy's average Total Assets Growth Rate was 14.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 7.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 4.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 3.60% per year.
During the past 13 years, CVR Energy's highest 3-Year average Total Assets Growth Rate was 22.40%. The lowest was -5.70%. And the median was 4.70%.
Total Assets is connected with ROA %. CVR Energy's annualizedROA % for the quarter that ended in Dec. 2023 was 7.98%. Total Assets is also linked to Revenue through Asset Turnover. CVR Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.48.
CVR Energy Total Assets Historical Data
The historical data trend for CVR Energy'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.
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.
CVR Energy's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
CVR Energy's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
CVR Energy Total Assets Related Terms
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CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.
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