Coro Energy (LSE:CORO) Total Assets : £24.80 Mil (As of Jun. 2023)

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What is Coro Energy Total Assets?

Coro Energy's Total Assets for the quarter that ended in Jun. 2023 was £24.80 Mil.

During the past 12 months, Coro Energy's average Total Assets Growth Rate was 8.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1.10% per year. During the past 5 years, the average Total Assets Growth Rate was 22.50% per year.

During the past 10 years, Coro Energy's highest 3-Year average Total Assets Growth Rate was 51.80%. The lowest was -23.10%. And the median was 2.70%.

Total Assets is connected with ROA %. Coro Energy's annualized ROA % for the quarter that ended in Jun. 2023 was -14.44%. Total Assets is also linked to Revenue through Asset Turnover. Coro Energy's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Coro Energy Total Assets Historical Data

The historical data trend for Coro 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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Coro Energy Total Assets Chart

Coro Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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26.18

29.50

23.25

22.88

25.56

Coro Energy Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial												24.39	22.88	23.65	25.56	24.80

Coro 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.

Coro Energy's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-6.004	+	31.563
	=	25.56

Coro Energy's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-7.417	+	32.219
	=	24.80

Coro Energy (LSE:CORO) Total Assets Explanation

Total Assets is connected with ROA %.

Coro Energy's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-3.636	/	( (25.559	+	24.801)	/ 2 )
	=	-3.636	/	25.18
	=	-14.44 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Coro Energy's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0.092	/	( (25.559	+	24.801)	/ 2 )
=	0.092	/	25.18
=	0.00

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.

Coro Energy Total Assets Related Terms

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Coro Energy (LSE:CORO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coro Energy PLC (LSE:CORO) » Definitions » Total Assets

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Address

1 Park Row, c/o Pinsent Masons LLP, Leeds, GBR, LS1 5AB

Website

https://www.coroenergyplc.com

Coro Energy PLC is an oil and gas exploration company focused on delivering long-term production of natural gas. The company has two business units namely Exploration and Development and Production. It generates maximum revenue from the Development and Production segment. The company has four gas fields, namely Sillaro, Bezzecca, Rapagnano, and Casa Tiberi.

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