Petro Matad (Petro Matad) Total Assets : $25.21 Mil (As of Jun. 2023)

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What is Petro Matad Total Assets?

Petro Matad's Total Assets for the quarter that ended in Jun. 2023 was $25.21 Mil.

During the past 12 months, Petro Matad's average Total Assets Growth Rate was 3.80% per year. During the past 3 years, the average Total Assets Growth Rate was 7.90% per year. During the past 5 years, the average Total Assets Growth Rate was 2.70% per year. During the past 10 years, the average Total Assets Growth Rate was 2.30% per year.

During the past 13 years, Petro Matad's highest 3-Year average Total Assets Growth Rate was 249.10%. The lowest was -11.30%. And the median was 3.05%.

Total Assets is connected with ROA %. Petro Matad's annualized ROA % for the quarter that ended in Jun. 2023 was -16.43%. Total Assets is also linked to Revenue through Asset Turnover. Petro Matad's Asset Turnover for the quarter that ended in Jun. 2023 was 0.01.

Petro Matad Total Assets Historical Data

The historical data trend for Petro Matad'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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Petro Matad Total Assets Chart

Petro Matad Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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37.31

20.26

16.86

24.09

21.08

Petro Matad Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															16.17	24.09	22.43	21.08	25.21

Petro Matad 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.

Petro Matad'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 )
	=	20.625	+	0.456
	=	21.08

Petro Matad'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 )
	=	24.896	+	0.317
	=	25.21

Petro Matad (OTCPK:PRTDF) Total Assets Explanation

Total Assets is connected with ROA %.

Petro Matad'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 )
	=	-3.804	/	( (21.081	+	25.213)	/ 2 )
	=	-3.804	/	23.147
	=	-16.43 %

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.

Petro Matad'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 )
=	0.141	/	( (21.081	+	25.213)	/ 2 )
=	0.141	/	23.147
=	0.01

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.

Petro Matad Total Assets Related Terms

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Petro Matad (Petro Matad) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Matad Ltd (OTCPK:PRTDF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MATD:UK HA3:Germany

Address

Victory House, Prospect Hill, Douglas, IMN, IM1 1EQ

Website

https://www.petromatadgroup.com

Petro Matad Ltd is engaged in the exploration, development, and production of oil reserves in Mongolia. The company holds 100% interest in 3 PSC Blocks (IV, V, and XX) totaling more than 60,000 square kilometers and more than 21,000 square kilometers of prospective basins. The company's only geographical segment includes Mongolia.

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