RSRV (The Reserve Petroleum Co) Total Assets : $38.46 Mil (As of Sep. 2024)

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What is The Reserve Petroleum Co Total Assets?

The Reserve Petroleum Co's Total Assets for the quarter that ended in Sep. 2024 was $38.46 Mil.

During the past 12 months, The Reserve Petroleum Co's average Total Assets Growth Rate was 5.60% per year. During the past 3 years, the average Total Assets Growth Rate was 30.20% per year. During the past 5 years, the average Total Assets Growth Rate was 14.60% per year. During the past 10 years, the average Total Assets Growth Rate was 0.50% per year.

During the past 13 years, The Reserve Petroleum Co's highest 3-Year average Total Assets Growth Rate was 40.40%. The lowest was -12.70%. And the median was 10.00%.

Total Assets is connected with ROA %. The Reserve Petroleum Co's annualized ROA % for the quarter that ended in Sep. 2024 was 18.70%. Total Assets is also linked to Revenue through Asset Turnover. The Reserve Petroleum Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.11.

The Reserve Petroleum Co Total Assets Historical Data

The historical data trend for The Reserve Petroleum Co'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.

* Premium members only.

The Reserve Petroleum Co Total Assets Chart

The Reserve Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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35.72

32.15

33.23

38.73

36.39

The Reserve Petroleum Co 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															40.36	36.39	38.05	36.87	38.46

The Reserve Petroleum Co 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.

The Reserve Petroleum Co'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 )
	=	30.75	+	5.637
	=	36.39

The Reserve Petroleum Co'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 )
	=	32.598	+	5.867
	=	38.47

The Reserve Petroleum Co (OTCPK:RSRV) Total Assets Explanation

Total Assets is connected with ROA %.

The Reserve Petroleum Co'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 )
	=	7.044	/	( (36.872	+	38.464)	/ 2 )
	=	7.044	/	37.668
	=	18.70 %

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.

The Reserve Petroleum Co'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 )
=	4.171	/	( (36.872	+	38.464)	/ 2 )
=	4.171	/	37.668
=	0.11

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.

The Reserve Petroleum Co Total Assets Related Terms

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The Reserve Petroleum Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » The Reserve Petroleum Co (OTCPK:RSRV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6801 Broadway Extension, Suite 300, Oklahoma City, OK, USA, 73116-9037

Website

http://www.reserve-petro.com

The Reserve Petroleum Co is an independent oil and gas company engaged in oil and natural gas exploration, development and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming, a single business segment. The Company is also engaged in investments and joint ventures that are not significant business segments.

Executives

Cameron R Mclain	director, officer: PRESIDENT	805 GLEN EAGLES DR, EDMOND OK 73013
Lawrence Raymond Francis	officer: 1st VP & Secretary/Treasurer	6801 BROADWAY EXTENSION, SUITE 300, OKLAHOMA CITY OK 73116
John Mclain	director	6801 BROADWAY EXTENSION, SUITE 200, OKLAHOMA CITY OK 73116-9037
Robert T Mclain	director	6403 N. GRAND BLVD, SUITE 200, OKLAHOMA CITY OK 73116
Robert L Savage	director	8326 GLENWOOD AVENUE, OKLAHOMA CITY OK 73114
James L Tyler	director, officer: 2nd Vice President, Sec/Treas	7720 NW 102ND ST, OKLAHOMA CITY OK 73162-5314
Kyle L Mclain	other: Performs policy making functio	2301 STEEPLECHASE RD, EDMOND OK 73034
Mason W Mclain	director, 10 percent owner, officer: President

The Reserve Petroleum Co Headlines

From GuruFocus

Insider Buying: President Cameron Mclain Acquires 165 Shares of The Reserve Petroleum Co

By GuruFocus Research • 08-30-2023