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United Oil & Gas (LSE:UOG) Total Assets : £27.70 Mil (As of Jun. 2023)


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What is United Oil & Gas Total Assets?

United Oil & Gas's Total Assets for the quarter that ended in Jun. 2023 was £27.70 Mil.

During the past 12 months, United Oil & Gas's average Total Assets Growth Rate was 8.40% per year. During the past 3 years, the average Total Assets Growth Rate was 56.60% per year. During the past 5 years, the average Total Assets Growth Rate was 83.00% per year.

During the past 8 years, United Oil & Gas's highest 3-Year average Total Assets Growth Rate was 291.60%. The lowest was 56.60%. And the median was 73.80%.

Total Assets is connected with ROA %. United Oil & Gas's annualized ROA % for the quarter that ended in Jun. 2023 was 3.41%. Total Assets is also linked to Revenue through Asset Turnover. United Oil & Gas's Asset Turnover for the quarter that ended in Jun. 2023 was 0.22.

United Oil & Gas Total Assets Historical Data

The historical data trend for United Oil & Gas'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.

United Oil & Gas Total Assets Chart

United Oil & Gas Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Assets
Get a 7-Day Free Trial 8.79 7.94 21.71 25.04 27.88

United Oil & Gas Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.62 25.04 28.24 27.88 27.70

United Oil & Gas 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.

United Oil & Gas'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 )
=22.133+5.746
=27.88

United Oil & Gas'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 )
=21.995+5.703
=27.70

* 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.

United Oil & Gas  (LSE:UOG) Total Assets Explanation

Total Assets is connected with ROA %.

United Oil & Gas'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 )
=0.948/( (27.88+27.698)/ 2 )
=0.948/27.789
=3.41 %

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.

United Oil & Gas'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 )
=5.995/( (27.88+27.698)/ 2 )
=5.995/27.789
=0.22

* 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.

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.

United Oil & Gas Total Assets Related Terms

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United Oil & Gas (LSE:UOG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Oil & Gas PLC (LSE:UOG) » Definitions » Total Assets
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LSE:UKOG LSE:CEG LSE:AST LSE:BLOE LSE:ZEN LSE:CORO LSE:EME LSE:IOG LSE:SYN AQSE:FNK COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
1UO:Germany
Address
34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA
Website
https://www.uogplc.com
United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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