Touchstone Exploration (Touchstone Exploration) Total Assets : $138.95 Mil (As of Dec. 2023)

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What is Touchstone Exploration Total Assets?

Touchstone Exploration's Total Assets for the quarter that ended in Dec. 2023 was $138.95 Mil.

During the past 12 months, Touchstone Exploration's average Total Assets Growth Rate was -1.80% per year. During the past 3 years, the average Total Assets Growth Rate was 19.50% per year. During the past 5 years, the average Total Assets Growth Rate was 13.50% per year. During the past 10 years, the average Total Assets Growth Rate was 10.30% per year.

During the past 13 years, Touchstone Exploration's highest 3-Year average Total Assets Growth Rate was 276.90%. The lowest was -81.30%. And the median was 19.80%.

Total Assets is connected with ROA %. Touchstone Exploration's annualized ROA % for the quarter that ended in Dec. 2023 was -57.98%. Total Assets is also linked to Revenue through Asset Turnover. Touchstone Exploration's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.

Touchstone Exploration Total Assets Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Total Assets Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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85.05

104.55

143.02

147.88

138.95

Touchstone Exploration 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															147.88	148.45	152.20	154.05	138.95

Touchstone Exploration 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.

Touchstone Exploration'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 )
	=	59.766	+	79.182
	=	138.95

Touchstone Exploration'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 )
	=	59.766	+	79.182
	=	138.95

Touchstone Exploration (OTCPK:PBEGF) Total Assets Explanation

Total Assets is connected with ROA %.

Touchstone Exploration'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 )
	=	-84.944	/	( (154.048	+	138.948)	/ 2 )
	=	-84.944	/	146.498
	=	-57.98 %

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.

Touchstone Exploration'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 )
=	20.768	/	( (154.048	+	138.948)	/ 2 )
=	20.768	/	146.498
=	0.14

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.

Touchstone Exploration Total Assets Related Terms

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Touchstone Exploration (Touchstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (OTCPK:PBEGF) » Definitions » Total Assets

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TXP:UK PNW1:Germany TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.