Canacol Energy (BOG:CNEC) Total Assets : COP4,940,287 Mil (As of Dec. 2023)

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What is Canacol Energy Total Assets?

Canacol Energy's Total Assets for the quarter that ended in Dec. 2023 was COP4,940,287 Mil.

Warning Sign:

If a company builds assets at 12.2% a year, faster than its revenue growth rate of 9.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Canacol Energy's average Total Assets Growth Rate was 23.60% per year. During the past 3 years, the average Total Assets Growth Rate was 22.40% per year. During the past 5 years, the average Total Assets Growth Rate was 12.20% per year. During the past 10 years, the average Total Assets Growth Rate was 9.30% per year.

During the past 13 years, Canacol Energy's highest 3-Year average Total Assets Growth Rate was 530.50%. The lowest was -39.50%. And the median was 17.75%.

Total Assets is connected with ROA %. Canacol Energy's annualized ROA % for the quarter that ended in Dec. 2023 was 10.05%. Total Assets is also linked to Revenue through Asset Turnover. Canacol Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Canacol Energy Total Assets Historical Data

The historical data trend for Canacol 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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Canacol Energy Total Assets Chart

Canacol Energy Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,647,406.09

2,672,220.73

3,325,427.29

4,840,155.56

4,940,286.53

Canacol Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															4,840,155.56	5,299,925.90	5,012,544.58	4,592,999.49	4,940,286.53

Canacol 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.

Canacol 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 )
	=	1408570.526	+	3531716.008
	=	4,940,287

Canacol 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 )
	=	1408570.526	+	3531716.008
	=	4,940,287

Canacol Energy (BOG:CNEC) Total Assets Explanation

Total Assets is connected with ROA %.

Canacol Energy's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	478989.44	/	( (4592999.492	+	4940286.533)	/ 2 )
	=	478989.44	/	4766643.0125
	=	10.05 %

Note: The Net Income data used here is four times the quarterly (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.

Canacol Energy's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	331665.38	/	( (4592999.492	+	4940286.533)	/ 2 )
=	331665.38	/	4766643.0125
=	0.07

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.

Canacol Energy Total Assets Related Terms

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Canacol Energy (BOG:CNEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canacol Energy Ltd (BOG:CNEC) » Definitions » Total Assets

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CNNEF:USA 3B6:Germany CNE:Canada

Address

215 - 9 Avenue SW, Suite 2000, Calgary, AB, CAN, T2P 1K3

Website

https://www.canacolenergy.com

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower and Middle Magdalena Basins of Colombia.

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