Strike Energy (ASX:STX) Total Assets : A$526.10 Mil (As of Dec. 2023)

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What is Strike Energy Total Assets?

Strike Energy's Total Assets for the quarter that ended in Dec. 2023 was A$526.10 Mil.

During the past 12 months, Strike Energy's average Total Assets Growth Rate was 121.30% per year. During the past 3 years, the average Total Assets Growth Rate was 76.10% per year. During the past 5 years, the average Total Assets Growth Rate was 19.00% per year. During the past 10 years, the average Total Assets Growth Rate was 13.00% per year.

During the past 13 years, Strike Energy's highest 3-Year average Total Assets Growth Rate was 85.70%. The lowest was -16.80%. And the median was 12.60%.

Total Assets is connected with ROA %. Strike Energy's annualized ROA % for the quarter that ended in Dec. 2023 was 5.05%. Total Assets is also linked to Revenue through Asset Turnover. Strike Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Strike Energy Total Assets Historical Data

The historical data trend for Strike 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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Strike Energy Total Assets Chart

Strike Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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127.35

60.52

164.08

158.75

341.87

Strike Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															155.69	158.75	217.16	341.87	526.10

Strike 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.

Strike Energy's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	286.846	+	55.028
	=	341.87

Strike Energy'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 )
	=	453.663	+	72.434
	=	526.10

Strike Energy (ASX:STX) Total Assets Explanation

Total Assets is connected with ROA %.

Strike Energy'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 )
	=	21.918	/	( (341.874	+	526.097)	/ 2 )
	=	21.918	/	433.9855
	=	5.05 %

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.

Strike Energy'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 )
=	8.125	/	( (341.874	+	526.097)	/ 2 )
=	8.125	/	433.9855
=	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.

Strike Energy Total Assets Related Terms

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Strike Energy (ASX:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strike Energy Ltd (ASX:STX) » Definitions » Total Assets

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STKKF:USA RJN:Germany

Address

40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.strikeenergy.com.au

Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.