SandRidge Permian Trust (SandRidge Permian Trust) Total Assets : $18.35 Mil (As of Jun. 2021)

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What is SandRidge Permian Trust Total Assets?

SandRidge Permian Trust's Total Assets for the quarter that ended in Jun. 2021 was $18.35 Mil.

Total Assets is connected with ROA %. SandRidge Permian Trust's annualized ROA % for the quarter that ended in Jun. 2021 was 28.00%. Total Assets is also linked to Revenue through Asset Turnover. SandRidge Permian Trust's Asset Turnover for the quarter that ended in Jun. 2021 was 0.32.

SandRidge Permian Trust Total Assets Historical Data

The historical data trend for SandRidge Permian 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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SandRidge Permian Trust Total Assets Chart

SandRidge Permian Trust Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

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140.43

126.17

115.23

107.16

17.33

SandRidge Permian Trust Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Total Assets	Get a 7-Day Free Trial															25.30	18.59	17.33	13.85	18.35

SandRidge Permian 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.

SandRidge Permian Trust's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	17.33	+	N/A
	=	N/A

SandRidge Permian Trust's Total Assets for the quarter that ended in Jun. 2021 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2021 )	+	Total Liabilities (Q: Jun. 2021 )
	=	12.352	+	6
	=	18.35

SandRidge Permian Trust (OTCPK:PERS) Total Assets Explanation

Total Assets is connected with ROA %.

SandRidge Permian Trust's annualized ROA % for the quarter that ended in Jun. 2021 is

ROA %	=	Net Income (Q: Jun. 2021 )	/	( (Total Assets (Q: Mar. 2021 )	+	Total Assets (Q: Jun. 2021 ))	/ count )
	=	4.508	/	( (13.853	+	18.352)	/ 2 )
	=	4.508	/	16.1025
	=	28.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) 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.

SandRidge Permian Trust's Asset Turnover for the quarter that ended in Jun. 2021 is

	Asset Turnover
=	Revenue (Q: Jun. 2021 )	/	( (Total Assets (Q: Mar. 2021 )	+	Total Assets (Q: Jun. 2021 ))	/ count )
=	5.187	/	( (13.853	+	18.352)	/ 2 )
=	5.187	/	16.1025
=	0.32

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.

SandRidge Permian Trust Total Assets Related Terms

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SandRidge Permian Trust (SandRidge Permian Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SandRidge Permian Trust (OTCPK:PERS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://per.q4web.com

SandRidge Permian Trust holds a royalty interest in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The properties of royalty interests are located in the greater Fuhrman-Mascho field, Texas that produces primarily oil from the Grayburg/San Andres formation in the Permian Basin. The other properties of the company include Initial Wells and nearly 856 additional wells which are drilled and perforated for completion.

Executives

Montare Resources I, Llc	10 percent owner, other: Member of 10% Group	400 EAST LAS COLINAS BLVD SUITE 680 IRVING TX 75039
Avalon Energy, Llc	other: Beneficial ownership	5000 QUORUM DRIVE, SUITE 205 DALLAS TX 75254
Sandridge Energy Inc	10 percent owner	123 ROBERT S. KERR AVENUE OKLAHOMA CITY OK 73102-6406