Saudi Aramco Base Oil Co - Luberef (SAU:2223) Total Assets : ﷼8,296 Mil (As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef Total Assets?

Saudi Aramco Base Oil Co - Luberef's Total Assets for the quarter that ended in Mar. 2024 was ﷼8,296 Mil.

During the past 12 months, Saudi Aramco Base Oil Co - Luberef's average Total Assets Growth Rate was 12.80% per year.

Total Assets is connected with ROA %. Saudi Aramco Base Oil Co - Luberef's annualized ROA % for the quarter that ended in Mar. 2024 was 11.15%. Total Assets is also linked to Revenue through Asset Turnover. Saudi Aramco Base Oil Co - Luberef's Asset Turnover for the quarter that ended in Mar. 2024 was 0.25.

Saudi Aramco Base Oil Co - Luberef Total Assets Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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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Saudi Aramco Base Oil Co - Luberef Total Assets Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

8,364.30

8,644.82

8,856.47

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial					9,381.79	8,925.22	9,517.09	8,856.47	8,296.04

Saudi Aramco Base Oil Co - Luberef 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.

Saudi Aramco Base Oil Co - Luberef'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 )
	=	4868.793	+	3987.677
	=	8,856

Saudi Aramco Base Oil Co - Luberef's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	4255.084	+	4040.956
	=	8,296

Saudi Aramco Base Oil Co - Luberef (SAU:2223) Total Assets Explanation

Total Assets is connected with ROA %.

Saudi Aramco Base Oil Co - Luberef's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	956.052	/	( (8856.47	+	8296.04)	/ 2 )
	=	956.052	/	8576.255
	=	11.15 %

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.

Saudi Aramco Base Oil Co - Luberef's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	2184.79	/	( (8856.47	+	8296.04)	/ 2 )
=	2184.79	/	8576.255
=	0.25

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.

Saudi Aramco Base Oil Co - Luberef Total Assets Related Terms

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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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