ALTX (Altex Industries) Total Assets : $2.68 Mil (As of Dec. 2024)

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What is Altex Industries Total Assets?

Altex Industries's Total Assets for the quarter that ended in Dec. 2024 was $2.68 Mil.

During the past 12 months, Altex Industries's average Total Assets Growth Rate was -34.10% per year. During the past 3 years, the average Total Assets Growth Rate was -24.40% per year. During the past 5 years, the average Total Assets Growth Rate was -7.10% per year. During the past 10 years, the average Total Assets Growth Rate was -5.80% per year.

During the past 13 years, Altex Industries's highest 3-Year average Total Assets Growth Rate was 209.00%. The lowest was -51.60%. And the median was -11.40%.

Total Assets is connected with ROA %. Altex Industries's annualized ROA % for the quarter that ended in Dec. 2024 was -17.15%. Total Assets is also linked to Revenue through Asset Turnover. Altex Industries's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Altex Industries Total Assets Historical Data

The historical data trend for Altex Industries'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.

Altex Industries Total Assets Chart

Altex Industries Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Total Assets

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2.33

2.20

2.49

2.33

2.73

Altex Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															2.30	2.27	2.77	2.73	2.68

Altex Industries 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.

Altex Industries's Total Assets for the fiscal year that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (A: Sep. 2024 )	+	Total Liabilities (A: Sep. 2024 )
	=	1.546	+	1.18
	=	2.73

Altex Industries's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	1.43	+	1.254
	=	2.68

Altex Industries (OTCPK:ALTX) Total Assets Explanation

Total Assets is connected with ROA %.

Altex Industries's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-0.464	/	( (2.726	+	2.684)	/ 2 )
	=	-0.464	/	2.705
	=	-17.15 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) 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.

Altex Industries's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0.005	/	( (2.726	+	2.684)	/ 2 )
=	0.005	/	2.705
=	0.00

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.

Altex Industries Total Assets Related Terms

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Altex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altex Industries Inc (OTCPK:ALTX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Colorado Boulevard, Suite 273, Denver, CO, USA, 80206-4084

Website

https://www.altexinc.com

Altex Industries Inc is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.

Executives

Jeffrey S Chernow	director	PO BOX 1057, BRECKENRIDGE CO 80424
Stephen Fante	director	PO BOX 1057, BRECKENRIDGE CO 80424

Altex Industries Headlines

From GuruFocus

Altex Industries Stock Is Estimated To Be Significantly Overvalued

By GF Value • 06-17-2021