Empire Energy Group (ASX:EEG) Total Assets : A$160.97 Mil (As of Jun. 2024)

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What is Empire Energy Group Total Assets?

Empire Energy Group's Total Assets for the quarter that ended in Jun. 2024 was A$160.97 Mil.

During the past 12 months, Empire Energy Group's average Total Assets Growth Rate was -34.60% per year. During the past 3 years, the average Total Assets Growth Rate was 44.40% per year. During the past 5 years, the average Total Assets Growth Rate was 26.70% per year. During the past 10 years, the average Total Assets Growth Rate was 0.90% per year.

During the past 13 years, Empire Energy Group's highest 3-Year average Total Assets Growth Rate was 146.20%. The lowest was -58.70%. And the median was 2.75%.

Total Assets is connected with ROA %. Empire Energy Group's annualized ROA % for the quarter that ended in Jun. 2024 was -2.78%. Total Assets is also linked to Revenue through Asset Turnover. Empire Energy Group's Asset Turnover for the quarter that ended in Jun. 2024 was 0.01.

Empire Energy Group Total Assets Historical Data

The historical data trend for Empire Energy Group'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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Empire Energy Group Total Assets Chart

Empire Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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56.64

66.56

158.82

197.65

171.50

Empire Energy Group 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															182.78	197.65	186.72	171.50	160.97

Empire Energy Group 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.

Empire Energy Group'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 )
	=	112.303	+	59.199
	=	171.50

Empire Energy Group'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 )
	=	147.944	+	13.028
	=	160.97

Empire Energy Group (ASX:EEG) Total Assets Explanation

Total Assets is connected with ROA %.

Empire Energy Group'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 )
	=	-4.626	/	( (171.503	+	160.972)	/ 2 )
	=	-4.626	/	166.2375
	=	-2.78 %

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.

Empire Energy Group'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 )
=	1.008	/	( (171.503	+	160.972)	/ 2 )
=	1.008	/	166.2375
=	0.01

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.

Empire Energy Group Total Assets Related Terms

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Empire Energy Group Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Energy Group Ltd (ASX:EEG) » Definitions » Total Assets

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EEGUF:USA

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin including the Beetaloo Sub-Basin. It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

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