Calfrac Well Services (Calfrac Well Services) Total Assets : $839 Mil (As of Dec. 2023)

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What is Calfrac Well Services Total Assets?

Calfrac Well Services's Total Assets for the quarter that ended in Dec. 2023 was $839 Mil.

During the past 12 months, Calfrac Well Services's average Total Assets Growth Rate was 10.60% per year. During the past 3 years, the average Total Assets Growth Rate was 7.40% per year. During the past 5 years, the average Total Assets Growth Rate was -9.60% per year. During the past 10 years, the average Total Assets Growth Rate was -7.60% per year.

During the past 13 years, Calfrac Well Services's highest 3-Year average Total Assets Growth Rate was 57.30%. The lowest was -20.00%. And the median was 7.40%.

Total Assets is connected with ROA %. Calfrac Well Services's annualized ROA % for the quarter that ended in Dec. 2023 was 4.36%. Total Assets is also linked to Revenue through Asset Turnover. Calfrac Well Services's Asset Turnover for the quarter that ended in Dec. 2023 was 0.37.

Calfrac Well Services Total Assets Historical Data

The historical data trend for Calfrac Well Services'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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Calfrac Well Services Total Assets Chart

Calfrac Well Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,158.72

712.36

697.63

732.98

839.44

Calfrac Well Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															801.43	821.52	870.65	839.44	-

Calfrac Well Services 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.

Calfrac Well Services'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 )
	=	459.081	+	380.362
	=	839

Calfrac Well Services'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 )
	=	459.081	+	380.362
	=	839

Calfrac Well Services (OTCPK:CFWFF) Total Assets Explanation

Total Assets is connected with ROA %.

Calfrac Well Services'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 )
	=	37.276	/	( (870.646	+	839.443)	/ 2 )
	=	37.276	/	855.0445
	=	4.36 %

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.

Calfrac Well Services'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 )
=	314.104	/	( (870.646	+	839.443)	/ 2 )
=	314.104	/	855.0445
=	0.37

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.

Calfrac Well Services Total Assets Related Terms

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Calfrac Well Services (Calfrac Well Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calfrac Well Services Ltd (OTCPK:CFWFF) » Definitions » Total Assets

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CFW:Canada

Address

407 - 8th Avenue SW, Suite 500, Calgary, AB, CAN, T2P 1E5

Website

https://www.calfrac.com

Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other good completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.