Shoal Point Energy (Shoal Point Energy) Total Assets : $0.11 Mil (As of Jan. 2024)

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What is Shoal Point Energy Total Assets?

Shoal Point Energy's Total Assets for the quarter that ended in Jan. 2024 was $0.11 Mil.

During the past 12 months, Shoal Point Energy's average Total Assets Growth Rate was 7.00% per year. During the past 3 years, the average Total Assets Growth Rate was -54.20% per year. During the past 5 years, the average Total Assets Growth Rate was -49.60% per year. During the past 10 years, the average Total Assets Growth Rate was -40.00% per year.

During the past 13 years, Shoal Point Energy's highest 3-Year average Total Assets Growth Rate was 1532.80%. The lowest was -66.00%. And the median was -36.30%.

Total Assets is connected with ROA %. Shoal Point Energy's annualized ROA % for the quarter that ended in Jan. 2024 was -314.40%. Total Assets is also linked to Revenue through Asset Turnover. Shoal Point Energy's Asset Turnover for the quarter that ended in Jan. 2024 was 0.04.

Shoal Point Energy Total Assets Historical Data

The historical data trend for Shoal Point 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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Shoal Point Energy Total Assets Chart

Shoal Point Energy Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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1.13

1.08

0.11

0.10

0.11

Shoal Point Energy Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															0.10	0.15	0.13	0.15	0.11

Shoal Point 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.

Shoal Point Energy's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	-0.472	+	0.583
	=	0.11

Shoal Point Energy's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	-0.472	+	0.583
	=	0.11

Shoal Point Energy (OTCPK:SHPNF) Total Assets Explanation

Total Assets is connected with ROA %.

Shoal Point Energy's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.404	/	( (0.145	+	0.112)	/ 2 )
	=	-0.404	/	0.1285
	=	-314.40 %

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

Shoal Point Energy's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0.005	/	( (0.145	+	0.112)	/ 2 )
=	0.005	/	0.1285
=	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.

Shoal Point Energy Total Assets Related Terms

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Shoal Point Energy (Shoal Point Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shoal Point Energy Ltd (OTCPK:SHPNF) » Definitions » Total Assets

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SHP:Canada

Address

700 West Pender Street, Suite 203, Vancouver, BC, CAN, V6C 1G8

Website

https://www.shoalpointenergy.com

Shoal Point Energy Ltd is a petroleum exploration and development company. It is in the exploration stage of exploring its oil and natural gas properties. It entered into a farm-in agreement with Shelby Resources LLC to explore and develop Mount Evans oil and gas prospects in Kansas.

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