Sabine Royalty Trust (Sabine Royalty Trust) Total Assets : $9.44 Mil (As of Dec. 2023)

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What is Sabine Royalty Trust Total Assets?

Sabine Royalty Trust's Total Assets for the quarter that ended in Dec. 2023 was $9.44 Mil.

During the past 12 months, Sabine Royalty Trust's average Total Assets Growth Rate was -15.00% per year. During the past 3 years, the average Total Assets Growth Rate was -15.80% per year. During the past 5 years, the average Total Assets Growth Rate was -15.00% per year. During the past 10 years, the average Total Assets Growth Rate was -13.20% per year.

During the past 13 years, Sabine Royalty Trust's highest 3-Year average Total Assets Growth Rate was 11.00%. The lowest was -58.60%. And the median was -9.30%.

Total Assets is connected with ROA %. Sabine Royalty Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 1,399.00%. Total Assets is also linked to Revenue through Asset Turnover. Sabine Royalty Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 3.55.

Sabine Royalty Trust Total Assets Historical Data

The historical data trend for Sabine Royalty 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.

* Premium members only.

Sabine Royalty Trust Total Assets Chart

Sabine Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6.91

4.95

16.32

16.28

9.44

Sabine Royalty Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															16.28	14.54	8.55	9.75	9.44

Sabine Royalty 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.

Sabine Royalty Trust's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	8.559	+	0.879
	=	9.44

Sabine Royalty Trust's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	8.559	+	0.879
	=	9.44

Sabine Royalty Trust (NYSE:SBR) Total Assets Explanation

Total Assets is connected with ROA %.

Sabine Royalty Trust's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	134.192	/	( (9.746	+	9.438)	/ 2 )
	=	134.192	/	9.592
	=	1,399.00 %

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.

Sabine Royalty Trust's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	34.078	/	( (9.746	+	9.438)	/ 2 )
=	34.078	/	9.592
=	3.55

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.

Sabine Royalty Trust Total Assets Related Terms

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Sabine Royalty Trust (Sabine Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sabine Royalty Trust (NYSE:SBR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2911 Turtle Creek Boulevard, Simmons Bank, Suite 850, Dallas, TX, USA, 75219

Website

https://www.sbr-sabine.com

Sabine Royalty Trust is an express trust which is formed to receive Sabine Corporation's royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals production payments and any other similar, non-participatory interest, in certain Royalty Properties. The trusts producing and proved undeveloped oil and gas royalty properties are located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.