IPB Petroleum (ASX:IPB) Total Assets : A$5.33 Mil (As of Dec. 2023)

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What is IPB Petroleum Total Assets?

IPB Petroleum's Total Assets for the quarter that ended in Dec. 2023 was A$5.33 Mil.

During the past 12 months, IPB Petroleum's average Total Assets Growth Rate was -46.30% per year. During the past 3 years, the average Total Assets Growth Rate was -16.70% per year. During the past 5 years, the average Total Assets Growth Rate was -3.80% per year. During the past 10 years, the average Total Assets Growth Rate was -3.90% per year.

During the past 12 years, IPB Petroleum's highest 3-Year average Total Assets Growth Rate was 12.40%. The lowest was -26.60%. And the median was -4.90%.

Total Assets is connected with ROA %. IPB Petroleum's annualized ROA % for the quarter that ended in Dec. 2023 was -6.64%. Total Assets is also linked to Revenue through Asset Turnover. IPB Petroleum's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

IPB Petroleum Total Assets Historical Data

The historical data trend for IPB Petroleum'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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IPB Petroleum Total Assets Chart

IPB Petroleum Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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4.18

3.99

4.35

5.51

3.92

IPB Petroleum 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															4.35	5.06	5.51	5.33	3.92

IPB Petroleum 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.

IPB Petroleum's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	3.848	+	0.072
	=	3.92

IPB Petroleum's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	5.254	+	0.077
	=	5.33

IPB Petroleum (ASX:IPB) Total Assets Explanation

Total Assets is connected with ROA %.

IPB Petroleum's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.36	/	( (5.509	+	5.331)	/ 2 )
	=	-0.36	/	5.42
	=	-6.64 %

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

IPB Petroleum's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (5.509	+	5.331)	/ 2 )
=	0	/	5.42
=	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.

IPB Petroleum Total Assets Related Terms

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IPB Petroleum Business Description

Industry

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Address

1202 Hay Street, West Perth, WA, AUS, 3000

Website

https://www.ipbpet.com.au

IPB Petroleum Ltd is an Australian oil and gas exploration company. The company is focused on the oil-prone southern margin of the Browse Basin Offshore North Western Australia. It holds an interest in three petroleum exploration permits - WA-424-P, WA-471-P, and WA-485-P. The company has only one reportable segment being Oil and Gas Exploration in Australia.