Heritage Oil (LSE:0PZU) Total Assets : £1,994.5 Mil (As of Dec. 2013)

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What is Heritage Oil Total Assets?

Heritage Oil's Total Assets for the quarter that ended in Dec. 2013 was £1,994.5 Mil.

During the past 12 months, Heritage Oil's average Total Assets Growth Rate was -9.70% per year. During the past 3 years, the average Total Assets Growth Rate was 73.40% per year. During the past 5 years, the average Total Assets Growth Rate was 69.50% per year. During the past 10 years, the average Total Assets Growth Rate was 59.00% per year.

During the past 13 years, Heritage Oil's highest 3-Year average Total Assets Growth Rate was 114.20%. The lowest was -8.90%. And the median was 50.25%.

Total Assets is connected with ROA %. Heritage Oil's annualized ROA % for the quarter that ended in Dec. 2013 was -11.04%. Total Assets is also linked to Revenue through Asset Turnover. Heritage Oil's Asset Turnover for the quarter that ended in Dec. 2013 was 0.12.

Heritage Oil Total Assets Historical Data

The historical data trend for Heritage Oil'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.

* Premium members only.

Heritage Oil Total Assets Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Assets

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342.51

840.93

713.92

2,245.00

1,994.54

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Total Assets	Get a 7-Day Free Trial												342.51	840.93	713.92	2,245.00	1,994.54

Heritage Oil 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.

Heritage Oil's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	511.548	+	1482.993
	=	1,994.5

Heritage Oil's Total Assets for the quarter that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2013 )	+	Total Liabilities (Q: Dec. 2013 )
	=	511.548	+	1482.993
	=	1,994.5

Heritage Oil (LSE:0PZU) Total Assets Explanation

Total Assets is connected with ROA %.

Heritage Oil's annualized ROA % for the quarter that ended in Dec. 2013 is

ROA %	=	Net Income (Q: Dec. 2013 )	/	( (Total Assets (Q: Dec. 2012 )	+	Total Assets (Q: Dec. 2013 ))	/ count )
	=	-233.956	/	( (2245	+	1994.541)	/ 2 )
	=	-233.956	/	2119.7705
	=	-11.04 %

Note: The Net Income data used here is one times the annual (Dec. 2013) 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.

Heritage Oil's Asset Turnover for the quarter that ended in Dec. 2013 is

	Asset Turnover
=	Revenue (Q: Dec. 2013 )	/	( (Total Assets (Q: Dec. 2012 )	+	Total Assets (Q: Dec. 2013 ))	/ count )
=	263.474	/	( (2245	+	1994.541)	/ 2 )
=	263.474	/	2119.7705
=	0.12

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.

Heritage Oil Total Assets Related Terms

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Heritage Oil (LSE:0PZU) Business Description

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Website

http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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