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Northern Tier Energy LP's Total Assets for the quarter that ended in Mar. 2016 was $1,149 Mil.
Total Assets is connected with ROA %. Northern Tier Energy LP's annualized ROA % for the quarter that ended in Mar. 2016 was 5.14%. Total Assets is also linked to Revenue through Asset Turnover. Northern Tier Energy LP's Asset Turnover for the quarter that ended in Mar. 2016 was 0.53.
The historical data trend for Northern Tier Energy LP'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.
Northern Tier Energy LP Annual Data | |||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | ||||||
Total Assets | 998.80 | 1,136.80 | 1,117.80 | 1,164.90 | 1,137.30 |
Northern Tier Energy LP Quarterly Data | ||||||||||||||||||||
Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | |
Total Assets | Get a 7-Day Free Trial | 1,198.20 | 1,308.60 | 1,198.90 | 1,137.30 | 1,149.40 |
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.
Northern Tier Energy LP's Total Assets for the fiscal year that ended in Dec. 2015 is calculated as
Total Assets | = | Total Equity (A: Dec. 2015 ) | + | Total Liabilities (A: Dec. 2015 ) |
= | 393.1 | + | 744.2 | |
= | 1,137 |
Northern Tier Energy LP's Total Assets for the quarter that ended in Mar. 2016 is calculated as
Total Assets | = | Total Equity (Q: Mar. 2016 ) | + | Total Liabilities (Q: Mar. 2016 ) |
= | 376.3 | + | 773.1 | |
= | 1,149 |
* 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.
Northern Tier Energy LP (NYSE:NTI) Total Assets Explanation
Total Assets is connected with ROA %.
Northern Tier Energy LP's annualized ROA % for the quarter that ended in Mar. 2016 is
ROA % | = | Net Income (Q: Mar. 2016 ) | / | ( (Total Assets (Q: Dec. 2015 ) | + | Total Assets (Q: Mar. 2016 )) | / count ) |
= | 58.8 | / | ( (1137.3 | + | 1149.4) | / 2 ) | |
= | 58.8 | / | 1143.35 | ||||
= | 5.14 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2016) 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.
Northern Tier Energy LP's Asset Turnover for the quarter that ended in Mar. 2016 is
Asset Turnover | ||||||
= | Revenue (Q: Mar. 2016 ) | / | ( (Total Assets (Q: Dec. 2015 ) | + | Total Assets (Q: Mar. 2016 )) | / count ) |
= | 604.4 | / | ( (1137.3 | + | 1149.4) | / 2 ) |
= | 604.4 | / | 1143.35 | |||
= | 0.53 |
* 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.
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.
Thank you for viewing the detailed overview of Northern Tier Energy LP's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
David L Lamp | director, officer: President and CEO | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Thomas W Hofmann | director | FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087 |
Scott D Weaver | director | C/O WESTERN REFINING, INC., 6500 TROWBRIDGE DRIVE, EL PASO TX 79905 |
Melissa M Buhrig | officer: Exec VP, General Counsel & Sec | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Dan F Smith | director | 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010 |
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Scott D Josey | director | ONE BRIARLAKE PLAZA, SUITE 2000, 2000 WEST SAM HOUSTON PARKWAY SOUTH, HOUSTON TX 77042 |
David Bonderman | other: Former 10% Owner and Director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
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