Permex Petroleum (XCNQ:OIL) Total Assets : C$15.52 Mil (As of Jun. 2023)

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What is Permex Petroleum Total Assets?

Permex Petroleum's Total Assets for the quarter that ended in Jun. 2023 was C$15.52 Mil.

During the past 12 months, Permex Petroleum's average Total Assets Growth Rate was 24.60% per year. During the past 3 years, the average Total Assets Growth Rate was 6.30% per year. During the past 5 years, the average Total Assets Growth Rate was 14.40% per year.

During the past 6 years, Permex Petroleum's highest 3-Year average Total Assets Growth Rate was 28.40%. The lowest was -4.30%. And the median was 6.30%.

Total Assets is connected with ROA %. Permex Petroleum's annualized ROA % for the quarter that ended in Jun. 2023 was -31.43%. Total Assets is also linked to Revenue through Asset Turnover. Permex Petroleum's Asset Turnover for the quarter that ended in Jun. 2023 was 0.01.

Permex Petroleum Total Assets Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Total Assets Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Total Assets

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10.00

10.31

9.22

8.80

16.76

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															18.51	16.76	16.73	15.26	15.52

Permex Petroleum 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.

Permex Petroleum's Total Assets for the fiscal year that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (A: Sep. 2022 )	+	Total Liabilities (A: Sep. 2022 )
	=	13.957	+	2.807
	=	16.76

Permex Petroleum's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	10.391	+	5.123
	=	15.51

Permex Petroleum (XCNQ:OIL) Total Assets Explanation

Total Assets is connected with ROA %.

Permex Petroleum's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-4.836	/	( (15.262	+	15.515)	/ 2 )
	=	-4.836	/	15.3885
	=	-31.43 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Permex Petroleum's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0.209	/	( (15.262	+	15.515)	/ 2 )
=	0.209	/	15.3885
=	0.01

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.

Permex Petroleum Total Assets Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer