PrimeEnergy Resources's Total Assets for the quarter that ended in Sep. 2024 was $345.6 Mil.
During the past 12 months, PrimeEnergy Resources's average Total Assets Growth Rate was 47.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 1.30% per year.
During the past 13 years, PrimeEnergy Resources's highest 3-Year average Total Assets Growth Rate was 70.00%. The lowest was -35.90%. And the median was 6.30%.
PrimeEnergy Resources Total Assets Historical Data
The historical data trend for PrimeEnergy Resources'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.
PrimeEnergy Resources'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.
PrimeEnergy Resources (NAS:PNRG) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
PrimeEnergy Resources's Asset Turnover for the quarter that ended in Sep. 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.
PrimeEnergy Resources Total Assets Related Terms
Thank you for viewing the detailed overview of PrimeEnergy Resources's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
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