ROYL (Royale Energy) Total Assets : $14.88 Mil (As of Sep. 2024)

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What is Royale Energy Total Assets?

Royale Energy's Total Assets for the quarter that ended in Sep. 2024 was $14.88 Mil.

During the past 12 months, Royale Energy's average Total Assets Growth Rate was 1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 9.50% per year. During the past 5 years, the average Total Assets Growth Rate was -12.90% per year. During the past 10 years, the average Total Assets Growth Rate was 3.80% per year.

During the past 13 years, Royale Energy's highest 3-Year average Total Assets Growth Rate was 79.40%. The lowest was -30.10%. And the median was -5.10%.

Total Assets is connected with ROA %. Royale Energy's annualized ROA % for the quarter that ended in Sep. 2024 was -33.07%. Total Assets is also linked to Revenue through Asset Turnover. Royale Energy's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

Royale Energy Total Assets Historical Data

The historical data trend for Royale 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.

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Royale Energy Total Assets Chart

Royale Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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20.59

8.43

10.79

11.78

12.92

Royale Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															13.49	12.92	15.26	13.76	14.88

Royale Energy 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.

Royale Energy's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-11.185	+	24.1
	=	12.92

Royale Energy's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-13.652	+	28.536
	=	14.88

Royale Energy (OTCPK:ROYL) Total Assets Explanation

Total Assets is connected with ROA %.

Royale Energy's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-4.736	/	( (13.758	+	14.884)	/ 2 )
	=	-4.736	/	14.321
	=	-33.07 %

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.

Royale Energy's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.574	/	( (13.758	+	14.884)	/ 2 )
=	0.574	/	14.321
=	0.04

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.

Royale Energy Total Assets Related Terms

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Royale Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royale Energy Inc (OTCPK:ROYL) » Definitions » Total Assets

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Address

1530 Hilton Head Road, Suite 205, El Cajon, CA, USA, 92019

Website

https://www.royl.com

Royale Energy Inc is an independent oil and natural gas producer. The company's business includes the production and sale of oil and natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by Royale. Its wells and leases are located in the Sacramento Basin and San Joaquin Basin in California as well as in Utah, Texas, Oklahoma, and Louisiana.

Executives

Jonathan Gregory	director, officer: Chief Executive Officer	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Stephen M Hosmer	officer: CFO and Secretary	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Barry D Lasker	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Karen Kerns	director, 10 percent owner	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas M Gladney	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Harry Hosmer	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Michael Mccaskey	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Robert J Vogel	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Mel G Riggs	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Johnny Jordan	director, 10 percent owner, officer: President	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Rod Eson	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Jeffrey R Kerns	director, 10 percent owner	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald Verdier	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald L Buck	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020