Spartan Energy (TSX:SPE) Total Assets : C$1,781.8 Mil (As of Mar. 2018)

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What is Spartan Energy Total Assets?

Spartan Energy's Total Assets for the quarter that ended in Mar. 2018 was C$1,781.8 Mil.

Total Assets is connected with ROA %. Spartan Energy's annualized ROA % for the quarter that ended in Mar. 2018 was -29.11%. Total Assets is also linked to Revenue through Asset Turnover. Spartan Energy's Asset Turnover for the quarter that ended in Mar. 2018 was 0.07.

Spartan Energy Total Assets Historical Data

The historical data trend for Spartan 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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Spartan Energy Total Assets Chart

Spartan Energy Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Assets

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50.24

901.96

825.60

1,860.42

1,894.50

Spartan Energy Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Total Assets	Get a 7-Day Free Trial															1,880.83	1,853.83	1,861.36	1,894.50	1,781.77

Spartan 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.

Spartan Energy's Total Assets for the fiscal year that ended in Dec. 2017 is calculated as

Total Assets	=	Total Equity (A: Dec. 2017 )	+	Total Liabilities (A: Dec. 2017 )
	=	1330.588	+	563.911
	=	1,894.5

Spartan Energy's Total Assets for the quarter that ended in Mar. 2018 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2018 )	+	Total Liabilities (Q: Mar. 2018 )
	=	1203.643	+	578.13
	=	1,781.8

Spartan Energy (TSX:SPE) Total Assets Explanation

Total Assets is connected with ROA %.

Spartan Energy's annualized ROA % for the quarter that ended in Mar. 2018 is

ROA %	=	Net Income (Q: Mar. 2018 )	/	( (Total Assets (Q: Dec. 2017 )	+	Total Assets (Q: Mar. 2018 ))	/ count )
	=	-534.996	/	( (1894.499	+	1781.773)	/ 2 )
	=	-534.996	/	1838.136
	=	-29.11 %

Note: The Net Income data used here is four times the quarterly (Mar. 2018) 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.

Spartan Energy's Asset Turnover for the quarter that ended in Mar. 2018 is

	Asset Turnover
=	Revenue (Q: Mar. 2018 )	/	( (Total Assets (Q: Dec. 2017 )	+	Total Assets (Q: Mar. 2018 ))	/ count )
=	123.776	/	( (1894.499	+	1781.773)	/ 2 )
=	123.776	/	1838.136
=	0.07

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.

Spartan Energy Total Assets Related Terms

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Spartan Energy (TSX:SPE) Business Description

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http://www.spartanenergy.ca

Spartan Energy Corp is an oil and gas exploration and production company that serves the medical and biotechnology, military and aerospace, and industrial and commercial markets. The company has two business segments: manufacturing and design service, and engineered components and products. The manufacturing and design services segment provides manufacturing, aftermarket repair, and refurbishment, in addition to the development of embedded software and quality assurance services. The engineered components and products segment designs, develops, and produces proprietary products. The company generates the majority of its revenue from customers within the United States.