Petro-Victory Energy (TSXV:VRY) Total Assets : C$21.99 Mil (As of Sep. 2023)

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What is Petro-Victory Energy Total Assets?

Petro-Victory Energy's Total Assets for the quarter that ended in Sep. 2023 was C$21.99 Mil.

During the past 12 months, Petro-Victory Energy's average Total Assets Growth Rate was 25.90% per year. During the past 3 years, the average Total Assets Growth Rate was 73.70% per year. During the past 5 years, the average Total Assets Growth Rate was 196.00% per year.

During the past 9 years, Petro-Victory Energy's highest 3-Year average Total Assets Growth Rate was 368.50%. The lowest was -91.40%. And the median was 104.95%.

Total Assets is connected with ROA %. Petro-Victory Energy's annualized ROA % for the quarter that ended in Sep. 2023 was -30.39%. Total Assets is also linked to Revenue through Asset Turnover. Petro-Victory Energy's Asset Turnover for the quarter that ended in Sep. 2023 was 0.02.

Petro-Victory Energy Total Assets Historical Data

The historical data trend for Petro-Victory Energy'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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Petro-Victory Energy Total Assets Chart

Petro-Victory Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.98

3.89

6.00

11.43

19.18

Petro-Victory Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															16.91	19.18	21.74	20.97	21.99

Petro-Victory Energy 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.

Petro-Victory Energy's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	4.052	+	15.128
	=	19.18

Petro-Victory Energy's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	6.997	+	14.996
	=	21.99

Petro-Victory Energy (TSXV:VRY) Total Assets Explanation

Total Assets is connected with ROA %.

Petro-Victory Energy's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-6.528	/	( (20.971	+	21.993)	/ 2 )
	=	-6.528	/	21.482
	=	-30.39 %

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

Petro-Victory Energy's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.41	/	( (20.971	+	21.993)	/ 2 )
=	0.41	/	21.482
=	0.02

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.

Petro-Victory Energy Total Assets Related Terms

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Petro-Victory Energy (TSXV:VRY) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro-Victory Energy Corp (TSXV:VRY) » Definitions » Total Assets

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PTVRF:USA

Address

5960 Berkshire Lane, 6th Floor, Dallas, TX, USA, 75225

Website

https://www.petrovictoryenergy.com

Petro-Victory Energy Corp is an oil and gas company that is engaged in the acquisition and development of crude oil and natural gas resources in Brazil. It also holds an interest in more than twenty licenses totaling around 164,000 acres in four different producing basins in Brazil.

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