Source Rock Royalties (TSXV:SRR) Total Assets : C$27.26 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Source Rock Royalties Total Assets?

Source Rock Royalties's Total Assets for the quarter that ended in Dec. 2023 was C$27.26 Mil.

During the past 12 months, Source Rock Royalties's average Total Assets Growth Rate was 64.70% per year. During the past 3 years, the average Total Assets Growth Rate was 18.40% per year.

During the past 4 years, Source Rock Royalties's highest 3-Year average Total Assets Growth Rate was 18.40%. The lowest was 18.40%. And the median was 18.40%.

Total Assets is connected with ROA %. Source Rock Royalties's annualized ROA % for the quarter that ended in Dec. 2023 was 5.59%. Total Assets is also linked to Revenue through Asset Turnover. Source Rock Royalties's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Source Rock Royalties Total Assets Historical Data

The historical data trend for Source Rock Royalties'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.

* Premium members only.

Source Rock Royalties Total Assets Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

16.46

15.36

28.82

27.26

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial								28.82	28.08	27.33	27.46	27.26

Source Rock Royalties 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.

Source Rock Royalties'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 )
	=	26.857	+	0.401
	=	27.26

Source Rock Royalties'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 )
	=	26.857	+	0.401
	=	27.26

Source Rock Royalties (TSXV:SRR) Total Assets Explanation

Total Assets is connected with ROA %.

Source Rock Royalties'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 )
	=	1.528	/	( (27.456	+	27.259)	/ 2 )
	=	1.528	/	27.3575
	=	5.59 %

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.

Source Rock Royalties'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 )
=	1.72	/	( (27.456	+	27.259)	/ 2 )
=	1.72	/	27.3575
=	0.06

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.

Source Rock Royalties Total Assets Related Terms

Thank you for viewing the detailed overview of Source Rock Royalties's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

Source Rock Royalties (TSXV:SRR) Headlines

No Headlines