Paloma Resources (TSXV:PLO.H) Total Assets : C$0.05 Mil (As of Dec. 2023)

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What is Paloma Resources Total Assets?

Paloma Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.05 Mil.

During the past 12 months, Paloma Resources's average Total Assets Growth Rate was 85.70% per year. During the past 3 years, the average Total Assets Growth Rate was -8.60% per year. During the past 5 years, the average Total Assets Growth Rate was -10.50% per year. During the past 10 years, the average Total Assets Growth Rate was 10.20% per year.

During the past 13 years, Paloma Resources's highest 3-Year average Total Assets Growth Rate was 595.90%. The lowest was -76.40%. And the median was -2.15%.

Total Assets is connected with ROA %. Paloma Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -157.01%. Total Assets is also linked to Revenue through Asset Turnover. Paloma Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Paloma Resources Total Assets Historical Data

The historical data trend for Paloma Resources'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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Paloma Resources Total Assets Chart

Paloma Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.28

0.22

0.15

0.10

0.05

Paloma Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															0.10	0.09	0.06	0.05	0.05

Paloma Resources 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.

Paloma Resources'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 )
	=	-0.281	+	0.334
	=	0.05

Paloma Resources'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 )
	=	-0.281	+	0.334
	=	0.05

Paloma Resources (TSXV:PLO.H) Total Assets Explanation

Total Assets is connected with ROA %.

Paloma Resources'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 )
	=	-0.084	/	( (0.054	+	0.053)	/ 2 )
	=	-0.084	/	0.0535
	=	-157.01 %

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.

Paloma Resources'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 )
=	0.002	/	( (0.054	+	0.053)	/ 2 )
=	0.002	/	0.0535
=	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.

Paloma Resources Total Assets Related Terms

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Paloma Resources (TSXV:PLO.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paloma Resources Inc (TSXV:PLO.H) » Definitions » Total Assets

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Address

701 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V7Y 1C6

Website

http://www.palomaresources.com/

Paloma Resources Inc is an oil and gas company. The company is focused on exploration, acquisition, and production of oil and gas reserves in the United States. It holds an interest in oil and gas properties located in the Jefferson and Wilkinson counties, Mississippi, USA.

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