Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Total Assets : $10.20 Mil (As of Dec. 2023)

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What is Chesapeake Granite Wash Trust Total Assets?

Chesapeake Granite Wash Trust's Total Assets for the quarter that ended in Dec. 2023 was $10.20 Mil.

During the past 12 months, Chesapeake Granite Wash Trust's average Total Assets Growth Rate was -9.00% per year. During the past 3 years, the average Total Assets Growth Rate was -13.00% per year. During the past 5 years, the average Total Assets Growth Rate was -21.60% per year. During the past 10 years, the average Total Assets Growth Rate was -30.80% per year.

During the past 13 years, Chesapeake Granite Wash Trust's highest 3-Year average Total Assets Growth Rate was -13.00%. The lowest was -54.10%. And the median was -26.15%.

Total Assets is connected with ROA %. Chesapeake Granite Wash Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 54.45%. Total Assets is also linked to Revenue through Asset Turnover. Chesapeake Granite Wash Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.19.

Chesapeake Granite Wash Trust Total Assets Historical Data

The historical data trend for Chesapeake Granite Wash Trust'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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Chesapeake Granite Wash Trust Total Assets Chart

Chesapeake Granite Wash Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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21.81

13.15

11.24

10.82

10.20

Chesapeake Granite Wash Trust 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															10.82	10.51	10.39	10.44	10.20

Chesapeake Granite Wash Trust 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.

Chesapeake Granite Wash Trust'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 )
	=	10.204	+	N/A
	=	N/A

Chesapeake Granite Wash Trust'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 )
	=	10.204	+	N/A
	=	N/A

Chesapeake Granite Wash Trust (OTCPK:CHKR) Total Assets Explanation

Total Assets is connected with ROA %.

Chesapeake Granite Wash Trust'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 )
	=	5.62	/	( (10.439	+	10.204)	/ 2 )
	=	5.62	/	10.3215
	=	54.45 %

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.

Chesapeake Granite Wash Trust'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 )
=	1.931	/	( (10.439	+	10.204)	/ 2 )
=	1.931	/	10.3215
=	0.19

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.

Chesapeake Granite Wash Trust Total Assets Related Terms

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Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chesapeake Granite Wash Trust (OTCPK:CHKR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.chkgranitewashtrust.com

Chesapeake Granite Wash Trust is a statutory trust which is formed to own the royalty interests for the benefit of trust unitholders. The Royalty Interests are derived from Chesapeake Energy Corporation's interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. The trust also has an interest in producing Wells and the development Wells. Majority revenue of the company comes from oil, natural gas and NGL.

Executives

Chesapeake Energy Corp	10 percent owner	6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118
Chesapeake Exploration Llc	10 percent owner	6100 N. WESTERN AVENUE, PO BOX 18496, OKC OK 73154-0496