Tethys Oil AB's Total Assets for the quarter that ended in Mar. 2024 was kr2,996 Mil.
Warning Sign:
If a company builds assets at 7.5% a year, faster than its revenue growth rate of 2.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Tethys Oil AB's average Total Assets Growth Rate was -3.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 13.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.80% per year.
During the past 13 years, Tethys Oil AB's highest 3-Year average Total Assets Growth Rate was 87.40%. The lowest was -0.20%. And the median was 12.60%.
The historical data trend for Tethys Oil AB'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.
Tethys Oil AB's Total Assets for the fiscal year that ended in Dec. 2023 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.
Tethys Oil AB (OSTO:TETY) Total Assets Explanation
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.
Tethys Oil AB's Asset Turnover for the quarter that ended in Mar. 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.
Tethys Oil AB Total Assets Related Terms
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Tethys Oil AB is a Sweden-based energy company. The company is focused on oil and gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the company holds license interests in three onshore blocks Blocks 3 and 4, Block 49, Block 56, and Block 58. . Tethys Oil has licenses in three countries namely Oman, Lithuania, and France. The majority of its revenue is generated through its operations in Oman.
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