Arabian Drilling Co (SAU:2381) Total Assets : ﷼10,535 Mil (As of Dec. 2024)

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What is Arabian Drilling Co Total Assets?

Arabian Drilling Co's Total Assets for the quarter that ended in Dec. 2024 was ﷼10,535 Mil.

During the past 12 months, Arabian Drilling Co's average Total Assets Growth Rate was 7.60% per year. During the past 3 years, the average Total Assets Growth Rate was 17.50% per year.

During the past 4 years, Arabian Drilling Co's highest 3-Year average Total Assets Growth Rate was 17.50%. The lowest was 17.50%. And the median was 17.50%.

Total Assets is connected with ROA %. Arabian Drilling Co's annualized ROA % for the quarter that ended in Dec. 2024 was 2.68%. Total Assets is also linked to Revenue through Asset Turnover. Arabian Drilling Co's Asset Turnover for the quarter that ended in Dec. 2024 was 0.08.

Arabian Drilling Co Total Assets Historical Data

The historical data trend for Arabian Drilling 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.

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Arabian Drilling Co Total Assets Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Total Assets

6,544.22

9,554.05

10,686.47

10,534.84

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial									10,686.47	10,666.54	10,454.68	10,423.65	10,534.84

Arabian Drilling 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.

Arabian Drilling Co's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	5938.185	+	4596.656
	=	10,535

Arabian Drilling Co's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	5938.185	+	4596.656
	=	10,535

Arabian Drilling Co (SAU:2381) Total Assets Explanation

Total Assets is connected with ROA %.

Arabian Drilling Co's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	280.472	/	( (10423.653	+	10534.841)	/ 2 )
	=	280.472	/	10479.247
	=	2.68 %

Note: The Net Income data used here is four times the quarterly (Dec. 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.

Arabian Drilling Co's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	849.66	/	( (10423.653	+	10534.841)	/ 2 )
=	849.66	/	10479.247
=	0.08

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.

Arabian Drilling Co Total Assets Related Terms

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Arabian Drilling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs, and related activities. The operating segment of the company Provision of drilling and related services through land rigs and the Provision of drilling and related services through off-shore rigs.

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