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Santa Fe Petroleum Inc  (OTCPK:SFPI) Total Assets: $1.67 Mil (As of Sep. 2013)

Santa Fe Petroleum Inc's total assets for the quarter that ended in Sep. 2013 was $1.67 Mil.

Total Assets is connected with ROA %. Santa Fe Petroleum Inc's annualized ROA % for the quarter that ended in Sep. 2013 was -36.38%. Total Assets is also linked to Revenue through Asset Turnover. Santa Fe Petroleum Inc's Asset Turnover for the quarter that ended in Sep. 2013 was 0.01.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Santa Fe Petroleum Inc Annual Data

Dec10 Dec11 Dec12
Total Assets 0.02 0.02 0.77

Santa Fe Petroleum Inc Quarterly Data

Dec10 Mar11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.77 1.23 1.28 1.67

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


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.

Santa Fe Petroleum Inc's Total Assets for the fiscal year that ended in Dec. 2012 is calculated as

Total Assets=Total Equity (A: Dec. 2012 )+Total Liabilities (A: Dec. 2012 )
=-0.37+1.141
=0.77

Santa Fe Petroleum Inc's Total Assets for the quarter that ended in Sep. 2013 is calculated as

Total Assets=Total Equity (Q: Sep. 2013 )+Total Liabilities (Q: Sep. 2013 )
=-0.656+2.32
=1.66

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Total Assets is connected with Return on Assets.

{COMPANY->company}'s annualized ROA % for the quarter that ended in Sep. 2013 is

ROA %=Net Income (Q: Sep. 2013 )/( (Total Assets (Q: Jun. 2013 )+Total Assets (Q: Sep. 2013 ))/ 2 )
=-0.536/( (1.282+1.665)/ 2 )
=-0.536/1.4735
=-36.38 %

Note: The Net Income data used here is four times the quarterly (Sep. 2013) net income 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.

Santa Fe Petroleum Inc's Asset Turnover for the quarter that ended in Sep. 2013 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Sep. 2013 )/( (Total Assets (Q: Jun. 2013 )+Total Assets (Q: Sep. 2013 ))/ 2 )
=0.01/( (1.282+1.665)/ 2 )
=0.01/1.4735
=0.01

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.

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