What is Natural Resources Partners LP Total Assets?
Natural Resources Partners LP's Total Assets for the quarter that ended in Dec. 2023 was $797.9 Mil.
During the past 12 months, Natural Resources Partners LP's average Total Assets Growth Rate was -6.20% per year.
During the past 3 years, the average Total Assets Growth Rate was -1.50% per year.
During the past 5 years, the average Total Assets Growth Rate was -7.60% per year.
During the past 10 years, the average Total Assets Growth Rate was -10.40% per year.
During the past 13 years, Natural Resources Partners LP's highest 3-Year average Total Assets Growth Rate was 84.90%. The lowest was -17.10%. And the median was 5.05%.
Total Assets is connected with ROA %. Natural Resources Partners LP's annualizedROA % for the quarter that ended in Dec. 2023 was 32.23%. Total Assets is also linked to Revenue through Asset Turnover. Natural Resources Partners LP's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
Natural Resources Partners LP Total Assets Historical Data
The historical data trend for Natural Resources Partners LP'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.
Natural Resources Partners LP 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.
Natural Resources Partners LP'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.
Natural Resources Partners LP (NYSE:NRP) 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.
Natural Resources Partners LP'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.
Natural Resources Partners LP Total Assets Related Terms
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Natural Resources Partners LP (Natural Resources Partners LP) Business Description
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. the majority of the revenue is generated from the Mineral Rights segment. The business activity of the group functions through the United States.
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