Serica Energy (LSE:SQZ) Total Assets : £1,238.1 Mil (As of Dec. 2023)

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What is Serica Energy Total Assets?

Serica Energy's Total Assets for the quarter that ended in Dec. 2023 was £1,238.1 Mil.

During the past 12 months, Serica Energy's average Total Assets Growth Rate was 121.60% per year. During the past 3 years, the average Total Assets Growth Rate was 38.90% per year. During the past 5 years, the average Total Assets Growth Rate was 15.50% per year. During the past 10 years, the average Total Assets Growth Rate was 41.20% per year.

During the past 13 years, Serica Energy's highest 3-Year average Total Assets Growth Rate was 111.80%. The lowest was -30.40%. And the median was 8.50%.

Total Assets is connected with ROA %. Serica Energy's annualized ROA % for the quarter that ended in Dec. 2023 was -10.73%. Total Assets is also linked to Revenue through Asset Turnover. Serica Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.

Serica Energy Total Assets Historical Data

The historical data trend for Serica 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.

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Serica Energy Total Assets Chart

Serica Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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478.34

447.46

686.67

862.38

1,238.06

Serica Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															686.67	832.26	862.38	1,465.29	1,238.06

Serica 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.

Serica Energy'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 )
	=	655.262	+	582.801
	=	1,238.1

Serica 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 )
	=	655.262	+	582.801
	=	1,238.1

Serica Energy (LSE:SQZ) Total Assets Explanation

Total Assets is connected with ROA %.

Serica Energy's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-144.976	/	( (1465.292	+	1238.063)	/ 2 )
	=	-144.976	/	1351.6775
	=	-10.73 %

Note: The Net Income data used here is two times the semi-annual (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.

Serica Energy's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	292.018	/	( (1465.292	+	1238.063)	/ 2 )
=	292.018	/	1351.6775
=	0.22

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.

Serica Energy Total Assets Related Terms

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Serica Energy (LSE:SQZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Serica Energy PLC (LSE:SQZ) » Definitions » Total Assets

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SQZZF:USA SQZ.GB:UK A3P:Germany

Address

48 George Street, London, GBR, W1U 7DY

Website

https://www.serica-energy.com

Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea.

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