Ghana Oil Co (XGHA:GOIL) Total Assets : GHS4,003 Mil (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Ghana Oil Co Total Assets?

Ghana Oil Co's Total Assets for the quarter that ended in Dec. 2023 was GHS4,003 Mil.

During the past 12 months, Ghana Oil Co's average Total Assets Growth Rate was -9.90% per year. During the past 3 years, the average Total Assets Growth Rate was 23.40% per year. During the past 5 years, the average Total Assets Growth Rate was 28.10% per year. During the past 10 years, the average Total Assets Growth Rate was 33.70% per year.

During the past 13 years, Ghana Oil Co's highest 3-Year average Total Assets Growth Rate was 55.80%. The lowest was 21.20%. And the median was 29.95%.

Total Assets is connected with ROA %. Ghana Oil Co's annualized ROA % for the quarter that ended in Dec. 2023 was 1.27%. Total Assets is also linked to Revenue through Asset Turnover. Ghana Oil Co's Asset Turnover for the quarter that ended in Dec. 2023 was 4.79.

Ghana Oil Co Total Assets Historical Data

The historical data trend for Ghana Oil Co'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.

Ghana Oil Co Total Assets Chart

Ghana Oil Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

1,716.30

2,101.14

2,497.23

4,609.54

4,002.54

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Total Assets	Get a 7-Day Free Trial										1,716.30	2,101.14	2,497.23	4,609.54	4,002.54

Ghana Oil Co 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.

Ghana Oil Co'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 )
	=	826.789	+	3175.753
	=	4,003

Ghana Oil Co'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 )
	=	826.789	+	3175.753
	=	4,003

Ghana Oil Co (XGHA:GOIL) Total Assets Explanation

Total Assets is connected with ROA %.

Ghana Oil Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	54.706	/	( (4609.544	+	4002.542)	/ 2 )
	=	54.706	/	4306.043
	=	1.27 %

Note: The Net Income data used here is one times the annual (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.

Ghana Oil Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	20606.778	/	( (4609.544	+	4002.542)	/ 2 )
=	20606.778	/	4306.043
=	4.79

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.

Ghana Oil Co Total Assets Related Terms

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

Ghana Oil Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

Ghana Oil Co Headlines

No Headlines