Basic Energy Services's Total Assets for the quarter that ended in Mar. 2021 was $331.10 Mil.
During the past 12 months, Basic Energy Services's average Total Assets Growth Rate was -30.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -23.70% per year.
During the past 5 years, the average Total Assets Growth Rate was -17.40% per year.
During the past 10 years, the average Total Assets Growth Rate was -11.60% per year.
During the past 13 years, Basic Energy Services's highest 3-Year average Total Assets Growth Rate was 77.10%. The lowest was -23.70%. And the median was 7.10%.
Basic Energy Services Total Assets Historical Data
The historical data trend for Basic Energy Services'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.
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.
Basic Energy Services's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as
* 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.
Basic Energy Services (OTCPK:BASWQ) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2021) 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.
Basic Energy Services's Asset Turnover for the quarter that ended in Mar. 2021 is
* 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.
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.
Basic Energy Services Total Assets Related Terms
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Basic Energy Services (Basic Energy Services) Business Description
Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.
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