Permian Resources's Total Assets for the quarter that ended in Dec. 2023 was $14,966 Mil.
Warning Sign:
If a company builds assets at 25.8% a year, faster than its revenue growth rate of 21.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Permian Resources's average Total Assets Growth Rate was 76.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 57.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 25.80% per year.
During the past 10 years, Permian Resources's highest 3-Year average Total Assets Growth Rate was 90.40%. The lowest was -3.60%. And the median was 22.30%.
Total Assets is connected with ROA %. Permian Resources's annualizedROA % for the quarter that ended in Dec. 2023 was 8.45%. Total Assets is also linked to Revenue through Asset Turnover. Permian Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
Permian Resources Total Assets Historical Data
The historical data trend for Permian Resources'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.
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.
Permian Resources's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Permian Resources (NYSE:PR) Total Assets Explanation
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.
Permian Resources's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Permian Resources Total Assets Related Terms
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Permian Resources (Permian Resources) Business Description
Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets.
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