Prospex Energy (AQSE:PXEN) Total Assets : £21.30 Mil (As of Jun. 2024)

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What is Prospex Energy Total Assets?

Prospex Energy's Total Assets for the quarter that ended in Jun. 2024 was £21.30 Mil.

During the past 12 months, Prospex Energy's average Total Assets Growth Rate was -2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 58.00% per year. During the past 5 years, the average Total Assets Growth Rate was 33.60% per year. During the past 10 years, the average Total Assets Growth Rate was 48.30% per year.

During the past 13 years, Prospex Energy's highest 3-Year average Total Assets Growth Rate was 248.00%. The lowest was -67.90%. And the median was 14.70%.

Total Assets is connected with ROA %. Prospex Energy's annualized ROA % for the quarter that ended in Jun. 2024 was -2.55%. Total Assets is also linked to Revenue through Asset Turnover. Prospex Energy's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Prospex Energy Total Assets Historical Data

The historical data trend for Prospex 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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Prospex Energy Total Assets Chart

Prospex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6.34

5.75

8.98

23.06

21.80

Prospex Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															18.70	23.06	22.20	21.80	21.30

Prospex 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.

Prospex Energy'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 )
	=	20.577	+	1.222
	=	21.80

Prospex Energy's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	20.302	+	1.001
	=	21.30

Prospex Energy (AQSE:PXEN) Total Assets Explanation

Total Assets is connected with ROA %.

Prospex Energy's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-0.55	/	( (21.799	+	21.303)	/ 2 )
	=	-0.55	/	21.551
	=	-2.55 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Prospex Energy's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (21.799	+	21.303)	/ 2 )
=	0	/	21.551
=	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.

Prospex Energy Total Assets Related Terms

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Prospex Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prospex Energy PLC (AQSE:PXEN) » Definitions » Total Assets

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PXEN:UK

Address

c/o Shakespeare Martineau LLP, 60 Gracechurch Street, London, GBR, EC3V 0HR

Website

http://www.prospex.energy

Prospex Energy PLC is a British Oil and Gas investment company. The company's investment policy is to acquire and invest in companies and projects within the natural resources and energy sector with potential for growth and income. Its strategy is to acquire a portfolio of investments in oil and gas projects that are at various stages of the development cycle and which represent attractive opportunities on a risk/reward basis.

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