Targa Resources's Total Assets for the quarter that ended in Dec. 2023 was $20,672 Mil.
During the past 12 months, Targa Resources's average Total Assets Growth Rate was 6.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 9.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 3.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.20% per year.
During the past 13 years, Targa Resources's highest 3-Year average Total Assets Growth Rate was 37.50%. The lowest was -3.40%. And the median was 13.00%.
Total Assets is connected with ROA %. Targa Resources's annualizedROA % for the quarter that ended in Dec. 2023 was 5.87%. Total Assets is also linked to Revenue through Asset Turnover. Targa Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.21.
Targa Resources Total Assets Historical Data
The historical data trend for Targa Resources'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.
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.
Targa Resources'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.
Targa Resources (NYSE:TRGP) 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.
Targa Resources'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.
Targa Resources Total Assets Related Terms
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Targa Resources (Targa Resources) Business Description
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.
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