Teekay Tankers (Teekay Tankers) Total Assets : $1,873 Mil (As of Dec. 2023)

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What is Teekay Tankers Total Assets?

Teekay Tankers's Total Assets for the quarter that ended in Dec. 2023 was $1,873 Mil.

During the past 12 months, Teekay Tankers's average Total Assets Growth Rate was -5.90% per year. During the past 3 years, the average Total Assets Growth Rate was -4.70% per year. During the past 5 years, the average Total Assets Growth Rate was -7.30% per year. During the past 10 years, the average Total Assets Growth Rate was 2.80% per year.

During the past 13 years, Teekay Tankers's highest 3-Year average Total Assets Growth Rate was 41.50%. The lowest was -12.70%. And the median was 10.15%.

Total Assets is connected with ROA %. Teekay Tankers's annualized ROA % for the quarter that ended in Dec. 2023 was 24.52%. Total Assets is also linked to Revenue through Asset Turnover. Teekay Tankers's Asset Turnover for the quarter that ended in Dec. 2023 was 0.17.

Teekay Tankers Total Assets Historical Data

The historical data trend for Teekay Tankers'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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Teekay Tankers Total Assets Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,229.48

1,840.25

1,618.75

1,783.65

1,873.49

Teekay Tankers 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															1,783.65	1,838.88	1,779.82	1,770.64	1,873.49

Teekay Tankers 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.

Teekay Tankers'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 )
	=	1525.785	+	347.709
	=	1,873

Teekay Tankers'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 )
	=	1525.785	+	347.709
	=	1,873

Teekay Tankers (NYSE:TNK) Total Assets Explanation

Total Assets is connected with ROA %.

Teekay Tankers'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 )
	=	446.776	/	( (1770.635	+	1873.494)	/ 2 )
	=	446.776	/	1822.0645
	=	24.52 %

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.

Teekay Tankers'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 )
=	313.291	/	( (1770.635	+	1873.494)	/ 2 )
=	313.291	/	1822.0645
=	0.17

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.

Teekay Tankers Total Assets Related Terms

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Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Total Assets

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Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.