True North Energy (True North Energy) Total Assets : $5.31 Mil (As of Oct. 2008)

True North Energy Total Assets Chart

True North Energy Quarterly Data
	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08
Total Assets	Get a 7-Day Free Trial									7.72	6.61	6.23	6.21	5.31

True North 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.

True North Energy's Total Assets for the fiscal year that ended in Apr. 2008 is calculated as

True North Energy's Total Assets for the quarter that ended in Oct. 2008 is calculated as

* 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.

True North Energy  (OTCPK:TNEN) Total Assets Explanation

Total Assets is connected with ROA %.

True North Energy's annualized ROA % for the quarter that ended in Oct. 2008 is

Note: The Net Income data used here is four times the quarterly (Oct. 2008) 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.

True North Energy's Asset Turnover for the quarter that ended in Oct. 2008 is

* 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.

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.

True North Energy Total Assets Related Terms

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True North Energy (True North Energy) Business Description