Mexco Energy (FRA:MZB) Total Assets : €17.14 Mil (As of Dec. 2023)

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What is Mexco Energy Total Assets?

Mexco Energy's Total Assets for the quarter that ended in Dec. 2023 was €17.14 Mil.

During the past 12 months, Mexco Energy's average Total Assets Growth Rate was -7.50% per year. During the past 3 years, the average Total Assets Growth Rate was 15.80% per year. During the past 5 years, the average Total Assets Growth Rate was 9.20% per year. During the past 10 years, the average Total Assets Growth Rate was -5.00% per year.

During the past 13 years, Mexco Energy's highest 3-Year average Total Assets Growth Rate was 26.60%. The lowest was -22.60%. And the median was 7.00%.

Total Assets is connected with ROA %. Mexco Energy's annualized ROA % for the quarter that ended in Dec. 2023 was 7.41%. Total Assets is also linked to Revenue through Asset Turnover. Mexco Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.

Mexco Energy Total Assets Historical Data

The historical data trend for Mexco 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.

* Premium members only.

Mexco Energy Total Assets Chart

Mexco Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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8.36

9.11

9.10

12.06

16.64

Mexco Energy 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															16.01	16.64	16.80	17.07	17.14

Mexco Energy 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.

Mexco Energy's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	15.721	+	0.923
	=	16.64

Mexco Energy'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 )
	=	15.974	+	1.162
	=	17.14

Mexco Energy (FRA:MZB) Total Assets Explanation

Total Assets is connected with ROA %.

Mexco Energy'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 )
	=	1.268	/	( (17.071	+	17.136)	/ 2 )
	=	1.268	/	17.1035
	=	7.41 %

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.

Mexco Energy'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 )
=	1.519	/	( (17.071	+	17.136)	/ 2 )
=	1.519	/	17.1035
=	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.

Mexco Energy Total Assets Related Terms

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Mexco Energy (FRA:MZB) Business Description

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MXC:USA

Address

415 W. Wall Street, Suite 475, Midland, TX, USA, 79701

Website

https://www.mexcoenergy.com

Mexco Energy Corporation is an independent oil and gas company. It is engaged in the exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural gas sales, oil and gas royalty interests.

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