Western Energy Services (TSX:WRG) Total Assets : C$441.8 Mil (As of Mar. 2024)

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What is Western Energy Services Total Assets?

Western Energy Services's Total Assets for the quarter that ended in Mar. 2024 was C$441.8 Mil.

During the past 12 months, Western Energy Services's average Total Assets Growth Rate was -8.00% per year. During the past 3 years, the average Total Assets Growth Rate was -2.80% per year. During the past 5 years, the average Total Assets Growth Rate was -7.20% per year. During the past 10 years, the average Total Assets Growth Rate was -8.70% per year.

During the past 13 years, Western Energy Services's highest 3-Year average Total Assets Growth Rate was 315.90%. The lowest was -19.10%. And the median was 3.60%.

Total Assets is connected with ROA %. Western Energy Services's annualized ROA % for the quarter that ended in Mar. 2024 was 1.35%. Total Assets is also linked to Revenue through Asset Turnover. Western Energy Services's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Western Energy Services Total Assets Historical Data

The historical data trend for Western Energy Services'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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Western Energy Services Total Assets Chart

Western Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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550.54

495.63

456.00

475.71

442.93

Western Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															483.53	456.75	453.98	442.93	441.78

Western Energy Services 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.

Western Energy Services's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	295.665	+	147.268
	=	442.9

Western Energy Services's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	299.359	+	142.422
	=	441.8

Western Energy Services (TSX:WRG) Total Assets Explanation

Total Assets is connected with ROA %.

Western Energy Services's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	5.984	/	( (442.933	+	441.781)	/ 2 )
	=	5.984	/	442.357
	=	1.35 %

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

Western Energy Services's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	61.982	/	( (442.933	+	441.781)	/ 2 )
=	61.982	/	442.357
=	0.14

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.

Western Energy Services Total Assets Related Terms

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Western Energy Services (TSX:WRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Energy Services Corp (TSX:WRG) » Definitions » Total Assets

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WEEEF:USA

Address

215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3

Website

https://www.wesc.ca

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.

Executives

Sime Armoyan	10% Security Holder
Tomer Cohen	Director

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