Texas Pacific Land (STU:9WY) Total Assets : €1,158.4 Mil (As of Mar. 2024)

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What is Texas Pacific Land Total Assets?

Texas Pacific Land's Total Assets for the quarter that ended in Mar. 2024 was €1,158.4 Mil.

During the past 12 months, Texas Pacific Land's average Total Assets Growth Rate was 15.80% per year. During the past 3 years, the average Total Assets Growth Rate was 14.10% per year. During the past 5 years, the average Total Assets Growth Rate was 17.30% per year. During the past 10 years, the average Total Assets Growth Rate was 66.60% per year.

During the past 13 years, Texas Pacific Land's highest 3-Year average Total Assets Growth Rate was 212.40%. The lowest was -24.80%. And the median was -0.90%.

Total Assets is connected with ROA %. Texas Pacific Land's annualized ROA % for the quarter that ended in Mar. 2024 was 37.95%. Total Assets is also linked to Revenue through Asset Turnover. Texas Pacific Land's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Texas Pacific Land Total Assets Historical Data

The historical data trend for Texas Pacific Land'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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Texas Pacific Land Total Assets Chart

Texas Pacific Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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538.36

469.88

676.20

828.29

1,060.42

Texas Pacific Land 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															892.20	924.22	1,011.32	1,060.42	1,158.44

Texas Pacific Land 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.

Texas Pacific Land'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 )
	=	956.611	+	103.806
	=	1,060.4

Texas Pacific Land's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	1032.653	+	125.783
	=	1,158.4

Texas Pacific Land (STU:9WY) Total Assets Explanation

Total Assets is connected with ROA %.

Texas Pacific Land's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	421.056	/	( (1060.417	+	1158.436)	/ 2 )
	=	421.056	/	1109.4265
	=	37.95 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Texas Pacific Land's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	160.211	/	( (1060.417	+	1158.436)	/ 2 )
=	160.211	/	1109.4265
=	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.

Texas Pacific Land Total Assets Related Terms

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Texas Pacific Land (STU:9WY) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (STU:9WY) » Definitions » Total Assets

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TPL:USA

Address

1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201

Website

https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

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