National Gas CoOG (MUS:NGCI) Total Assets : ر.ع44.24 Mil (As of Sep. 2023)

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What is National Gas CoOG Total Assets?

National Gas CoOG's Total Assets for the quarter that ended in Sep. 2023 was ر.ع44.24 Mil.

Warning Sign:

If a company builds assets at 6% a year, faster than its revenue growth rate of 4.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, National Gas CoOG's average Total Assets Growth Rate was -27.60% per year. During the past 3 years, the average Total Assets Growth Rate was 7.30% per year. During the past 5 years, the average Total Assets Growth Rate was 6.00% per year. During the past 10 years, the average Total Assets Growth Rate was 7.60% per year.

During the past 13 years, National Gas CoOG's highest 3-Year average Total Assets Growth Rate was 107.30%. The lowest was -12.90%. And the median was 7.30%.

Total Assets is connected with ROA %. National Gas CoOG's annualized ROA % for the quarter that ended in Sep. 2023 was -1.12%. Total Assets is also linked to Revenue through Asset Turnover. National Gas CoOG's Asset Turnover for the quarter that ended in Sep. 2023 was 0.38.

National Gas CoOG Total Assets Historical Data

The historical data trend for National Gas CoOG'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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National Gas CoOG Total Assets Chart

National Gas CoOG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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53.25

54.56

59.38

56.29

67.91

National Gas CoOG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															62.62	49.45	48.01	43.06	44.24

National Gas CoOG 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.

National Gas CoOG's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	29.919	+	37.991
	=	67.91

National Gas CoOG's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	25.753	+	18.485
	=	44.24

National Gas CoOG (MUS:NGCI) Total Assets Explanation

Total Assets is connected with ROA %.

National Gas CoOG's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.488	/	( (43.063	+	44.238)	/ 2 )
	=	-0.488	/	43.6505
	=	-1.12 %

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

National Gas CoOG's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	16.58	/	( (43.063	+	44.238)	/ 2 )
=	16.58	/	43.6505
=	0.38

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.

National Gas CoOG Total Assets Related Terms

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National Gas CoOG (MUS:NGCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Gas Co SAOG (MUS:NGCI) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN

Website

https://www.nationalgasco.net

National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution cost.

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