Ranger Energy Services (FRA:97L) Total Assets : €327.1 Mil (As of Mar. 2024)

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What is Ranger Energy Services Total Assets?

Ranger Energy Services's Total Assets for the quarter that ended in Mar. 2024 was €327.1 Mil.

During the past 12 months, Ranger Energy Services's average Total Assets Growth Rate was -4.60% per year. During the past 3 years, the average Total Assets Growth Rate was 15.10% per year. During the past 5 years, the average Total Assets Growth Rate was 6.70% per year.

During the past 9 years, Ranger Energy Services's highest 3-Year average Total Assets Growth Rate was 78.30%. The lowest was -2.20%. And the median was 12.40%.

Total Assets is connected with ROA %. Ranger Energy Services's annualized ROA % for the quarter that ended in Mar. 2024 was -0.87%. Total Assets is also linked to Revenue through Asset Turnover. Ranger Energy Services's Asset Turnover for the quarter that ended in Mar. 2024 was 0.37.

Ranger Energy Services Total Assets Historical Data

The historical data trend for Ranger 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.

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Ranger Energy Services Total Assets Chart

Ranger Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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264.15

197.77

347.89

360.23

346.63

Ranger Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															350.72	336.71	368.71	346.63	327.06

Ranger Energy Services 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.

Ranger Energy Services'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 )
	=	249.241	+	97.385
	=	346.6

Ranger Energy Services's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	240.764	+	86.296
	=	327.1

Ranger Energy Services (FRA:97L) Total Assets Explanation

Total Assets is connected with ROA %.

Ranger Energy Services's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-2.944	/	( (346.626	+	327.06)	/ 2 )
	=	-2.944	/	336.843
	=	-0.87 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Ranger Energy Services's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	125.948	/	( (346.626	+	327.06)	/ 2 )
=	125.948	/	336.843
=	0.37

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.

Ranger Energy Services Total Assets Related Terms

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Ranger Energy Services (FRA:97L) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Energy Services Inc (FRA:97L) » Definitions » Total Assets

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RNGR:USA

Address

10350 Richmond, Suite 550, Houston, TX, USA, 77042

Website

https://www.rangerenergy.com

Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to leading U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment.

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