Colombia Energy Resources (Colombia Energy Resources) Total Assets : $12.45 Mil (As of Sep. 2012)

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What is Colombia Energy Resources Total Assets?

Colombia Energy Resources's Total Assets for the quarter that ended in Sep. 2012 was $12.45 Mil.

Total Assets is connected with ROA %. Colombia Energy Resources's annualized ROA % for the quarter that ended in Sep. 2012 was -90.66%. Total Assets is also linked to Revenue through Asset Turnover. Colombia Energy Resources's Asset Turnover for the quarter that ended in Sep. 2012 was 0.01.

Colombia Energy Resources Total Assets Historical Data

The historical data trend for Colombia Energy Resources'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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Colombia Energy Resources Total Assets Chart

Colombia Energy Resources Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Total Assets

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8.18

23.93

Colombia Energy Resources Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Total Assets	Get a 7-Day Free Trial															23.07	23.93	21.52	17.29	12.45

Colombia Energy Resources 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.

Colombia Energy Resources's Total Assets for the fiscal year that ended in Dec. 2011 is calculated as

Total Assets	=	Total Equity (A: Dec. 2011 )	+	Total Liabilities (A: Dec. 2011 )
	=	16.817	+	7.114
	=	23.93

Colombia Energy Resources's Total Assets for the quarter that ended in Sep. 2012 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2012 )	+	Total Liabilities (Q: Sep. 2012 )
	=	6.629	+	5.818
	=	12.45

Colombia Energy Resources (OTCPK:CERX) Total Assets Explanation

Total Assets is connected with ROA %.

Colombia Energy Resources's annualized ROA % for the quarter that ended in Sep. 2012 is

ROA %	=	Net Income (Q: Sep. 2012 )	/	( (Total Assets (Q: Jun. 2012 )	+	Total Assets (Q: Sep. 2012 ))	/ count )
	=	-13.48	/	( (17.291	+	12.447)	/ 2 )
	=	-13.48	/	14.869
	=	-90.66 %

Note: The Net Income data used here is four times the quarterly (Sep. 2012) 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.

Colombia Energy Resources's Asset Turnover for the quarter that ended in Sep. 2012 is

	Asset Turnover
=	Revenue (Q: Sep. 2012 )	/	( (Total Assets (Q: Jun. 2012 )	+	Total Assets (Q: Sep. 2012 ))	/ count )
=	0.219	/	( (17.291	+	12.447)	/ 2 )
=	0.219	/	14.869
=	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.

Colombia Energy Resources Total Assets Related Terms

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Colombia Energy Resources (Colombia Energy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Colombia Energy Resources Inc (OTCPK:CERX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Embarcadero Center, Suite 500, San Francisco, CA, USA, 94111

Website

Colombia Energy Resources Inc. is engaged in the business of acquiring and developing metallurgical coal mines in Colombia, South America. The Company owns and controls mining concessions in the provinces of Boyaca and Santander regions.

Executives

Watsa V Prem Et Al	10 percent owner	95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Fairfax Financial Holdings Ltd/ Can	10 percent owner	FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO A6 M5J 2N7
Sixty Two Investment Co Ltd	10 percent owner	1600 CATHEDRAL PLACE, 925 W GEORGIA ST, VANCOUVER BC CANADA A1 V6C3L3
Second 1109 Holdco Ltd.	10 percent owner	95 WELLINGTON ST W STE 800, TORONTO A6 M5J 2N7
810679 Ontario Ltd	10 percent owner	95 WELLINGTON STREET WEST SUITE 800, TORONTO ONTARIO CANADA A6 00000
Odyssey America Reinsurance Corp	10 percent owner	300 FIRST STAMFORD PLACE, STAMFORD CT 06902
Steelhead Partners Llc	other: See footnotes (1) (2) (3)	800 FIFTH AVENUE, SUITE 3700, SEATTLE WA 98104
James Michael Johnston	other: See footnotes (1) (2) (3)	333 108TH AVENUE NE, SUITE 2010, BELLEVUE WA 98004
Brian Katz Klein	other: See footnotes (1) (2) (3)	333 108TH AVENUE NE, SUITE 2010, BELLEVUE WA 98004
Steelhead Navigator Master, L.p.	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, UGLAND HOUSE, PO BOX 309, GRAND CAYMAN E9 KY1-1104
Peter B Lilly	other: Former Director	4501 GULF SHORE BLVD N, ARIA 1203, NAPLES FL 34103
Ronald G Stovash	other: Former Officer	16496 FELICITA COURT, NAPLES FL 34110-3264

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