Reconnaissance Energy Africa (STU:0XD) Total Assets : €96.51 Mil (As of Dec. 2023)

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What is Reconnaissance Energy Africa Total Assets?

Reconnaissance Energy Africa's Total Assets for the quarter that ended in Dec. 2023 was €96.51 Mil.

During the past 12 months, Reconnaissance Energy Africa's average Total Assets Growth Rate was 44.60% per year. During the past 3 years, the average Total Assets Growth Rate was 1892.40% per year. During the past 5 years, the average Total Assets Growth Rate was 183.30% per year. During the past 10 years, the average Total Assets Growth Rate was -16.70% per year.

During the past 13 years, Reconnaissance Energy Africa's highest 3-Year average Total Assets Growth Rate was 1892.40%. The lowest was -72.80%. And the median was -5.60%.

Total Assets is connected with ROA %. Reconnaissance Energy Africa's annualized ROA % for the quarter that ended in Dec. 2023 was 180.11%. Total Assets is also linked to Revenue through Asset Turnover. Reconnaissance Energy Africa's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Reconnaissance Energy Africa Total Assets Historical Data

The historical data trend for Reconnaissance Energy Africa'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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Reconnaissance Energy Africa Total Assets Chart

Reconnaissance Energy Africa Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Total Assets

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0.07

0.11

0.14

0.37

19.59

Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															137.86	144.13	127.39	130.59	96.51

Reconnaissance Energy Africa 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.

Reconnaissance Energy Africa's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	18.345	+	1.24
	=	19.59

Reconnaissance Energy Africa's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	93.542	+	2.973
	=	96.52

Reconnaissance Energy Africa (STU:0XD) Total Assets Explanation

Total Assets is connected with ROA %.

Reconnaissance Energy Africa's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	204.516	/	( (130.593	+	96.514)	/ 2 )
	=	204.516	/	113.5535
	=	180.11 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Reconnaissance Energy Africa's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (130.593	+	96.514)	/ 2 )
=	0	/	113.5535
=	0.00

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.

Reconnaissance Energy Africa Total Assets Related Terms

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Reconnaissance Energy Africa (STU:0XD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (STU:0XD) » Definitions » Total Assets

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RECAF:USA 0XD:Germany RECO:Canada

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

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