Devon Energy's Total Assets for the quarter that ended in Dec. 2024 was $30,489 Mil.
Warning Sign:
If a company builds assets at 25.2% a year, faster than its revenue growth rate of 14.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Devon Energy's average Total Assets Growth Rate was 25.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 25.20% per year.
During the past 10 years, the average Total Assets Growth Rate was -4.60% per year.
During the past 13 years, Devon Energy's highest 3-Year average Total Assets Growth Rate was 120.80%. The lowest was -34.20%. And the median was 16.10%.
The historical data trend for Devon 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.
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.
Devon Energy's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
Devon Energy's Asset Turnover for the quarter that ended in Dec. 2024 is
* 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.
Devon Energy Total Assets Related Terms
Thank you for viewing the detailed overview of Devon Energy's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
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