DNO ASA (DNO ASA) Total Assets : $2,638.3 Mil (As of Dec. 2023)

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What is DNO ASA Total Assets?

DNO ASA's Total Assets for the quarter that ended in Dec. 2023 was $2,638.3 Mil.

During the past 12 months, DNO ASA's average Total Assets Growth Rate was 10.30% per year. During the past 3 years, the average Total Assets Growth Rate was 1.40% per year. During the past 5 years, the average Total Assets Growth Rate was 2.20% per year. During the past 10 years, the average Total Assets Growth Rate was 15.80% per year.

During the past 13 years, DNO ASA's highest 3-Year average Total Assets Growth Rate was 92.30%. The lowest was -12.40%. And the median was 11.00%.

Total Assets is connected with ROA %. DNO ASA's annualized ROA % for the quarter that ended in Dec. 2023 was 0.64%. Total Assets is also linked to Revenue through Asset Turnover. DNO ASA's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.

DNO ASA Total Assets Historical Data

The historical data trend for DNO ASA'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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DNO ASA Total Assets Chart

DNO ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,271.90

2,708.70

2,947.80

2,803.00

2,638.30

DNO ASA 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															2,803.00	2,737.90	2,639.70	2,583.10	2,638.30

DNO ASA 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.

DNO ASA'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 )
	=	1234.8	+	1403.5
	=	2,638.3

DNO ASA'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 )
	=	1234.8	+	1403.5
	=	2,638.3

DNO ASA (OTCPK:DTNOY) Total Assets Explanation

Total Assets is connected with ROA %.

DNO ASA'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 )
	=	16.8	/	( (2583.1	+	2638.3)	/ 2 )
	=	16.8	/	2610.7
	=	0.64 %

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.

DNO ASA'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 )
=	199.3	/	( (2583.1	+	2638.3)	/ 2 )
=	199.3	/	2610.7
=	0.08

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.

DNO ASA Total Assets Related Terms

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DNO ASA (DNO ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DNO ASA (OTCPK:DTNOY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

DTNOF:USA DNOo:Sweden DNO:Norway DNOo:UK 0MHP:UK NK1A:Germany

Address

Dokkveien 1, P.O. Box 1345 Vika, Aker Brygge, Oslo, NOR, 0250

Website

https://www.dno.no

DNO ASA is an oil and gas exploration and production company. A group of licenses are held for fields in Kurdistan, Yemen, United Kingdom, and Norway. Producing assets in Kurdistan generate the majority of revenue for the company. Petroleum products from Kurdistan fields are either sold locally or externally, with external shipments constituting the majority. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities.

DNO ASA (DNO ASA) Headlines

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