Mesa Royalty Trust (Mesa Royalty Trust) Total Assets : $3.41 Mil (As of Dec. 2023)

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What is Mesa Royalty Trust Total Assets?

Mesa Royalty Trust's Total Assets for the quarter that ended in Dec. 2023 was $3.41 Mil.

During the past 12 months, Mesa Royalty Trust's average Total Assets Growth Rate was -6.00% per year. During the past 3 years, the average Total Assets Growth Rate was -4.70% per year. During the past 5 years, the average Total Assets Growth Rate was -5.30% per year. During the past 10 years, the average Total Assets Growth Rate was -9.80% per year.

During the past 13 years, Mesa Royalty Trust's highest 3-Year average Total Assets Growth Rate was 1.40%. The lowest was -52.70%. And the median was -7.30%.

Total Assets is connected with ROA %. Mesa Royalty Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 30.22%. Total Assets is also linked to Revenue through Asset Turnover. Mesa Royalty Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.

Mesa Royalty Trust Total Assets Historical Data

The historical data trend for Mesa Royalty Trust'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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Mesa Royalty Trust Total Assets Chart

Mesa Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.84

2.59

2.74

3.75

3.41

Mesa Royalty Trust 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															3.75	3.46	4.50	3.24	3.41

Mesa Royalty Trust 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.

Mesa Royalty Trust'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 )
	=	3.041	+	0.367
	=	3.41

Mesa Royalty Trust'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 )
	=	3.041	+	0.367
	=	3.41

Mesa Royalty Trust (NYSE:MTR) Total Assets Explanation

Total Assets is connected with ROA %.

Mesa Royalty Trust'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 )
	=	1.004	/	( (3.237	+	3.407)	/ 2 )
	=	1.004	/	3.322
	=	30.22 %

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.

Mesa Royalty Trust'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 )
=	0.298	/	( (3.237	+	3.407)	/ 2 )
=	0.298	/	3.322
=	0.09

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.

Mesa Royalty Trust Total Assets Related Terms

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Mesa Royalty Trust (Mesa Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mesa Royalty Trust (NYSE:MTR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, Floor 16, Global Corporate Trust, Houston, TX, USA, 77002

Website

https://mtr.q4web.com

Mesa Royalty Trust holds net overriding royalty interests in various oil and gas properties located in the: Hugoton field of Kansas, San Juan Basin field of New Mexico, and San Juan Basin Field of Colorado.

Executives

J Taylor Crandall	10 percent owner	2775 SAND HILL RD, SUITE 220, MENLO PARK CA 94025
Bruce Robert W Iii	10 percent owner
Algenpar Inc	10 percent owner
Alpine Capital Lp	10 percent owner