What is Pioneer Natural Resources Co Total Assets?
Pioneer Natural Resources Co's Total Assets for the quarter that ended in Dec. 2023 was $36,613 Mil.
Warning Sign:
If a company builds assets at 20.3% a year, faster than its revenue growth rate of 12% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Pioneer Natural Resources Co's average Total Assets Growth Rate was 4.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 27.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 20.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.00% per year.
During the past 13 years, Pioneer Natural Resources Co's highest 3-Year average Total Assets Growth Rate was 28.50%. The lowest was 2.30%. And the median was 7.60%.
Total Assets is connected with ROA %. Pioneer Natural Resources Co's annualizedROA % for the quarter that ended in Dec. 2023 was 13.91%. Total Assets is also linked to Revenue through Asset Turnover. Pioneer Natural Resources Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.
Pioneer Natural Resources Co Total Assets Historical Data
The historical data trend for Pioneer Natural Resources Co'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.
Pioneer Natural Resources Co 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.
Pioneer Natural Resources Co'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.
Pioneer Natural Resources Co (NYSE:PXD) 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.
Pioneer Natural Resources Co'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.
Pioneer Natural Resources Co Total Assets Related Terms
Thank you for viewing the detailed overview of Pioneer Natural Resources Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Pioneer Natural Resources Co (Pioneer Natural Resources Co) Business Description
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PXD has been successfully added to your 