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ADNOC Gas (ADX:ADNOCGAS) Total Assets : د.إ106,589 Mil (As of Dec. 2023)


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What is ADNOC Gas Total Assets?

ADNOC Gas's Total Assets for the quarter that ended in Dec. 2023 was د.إ106,589 Mil.

During the past 12 months, ADNOC Gas's average Total Assets Growth Rate was 21.50% per year.

Total Assets is connected with ROA %. ADNOC Gas's annualized ROA % for the quarter that ended in Dec. 2023 was 18.82%. Total Assets is also linked to Revenue through Asset Turnover. ADNOC Gas's Asset Turnover for the quarter that ended in Dec. 2023 was 0.71.

ADNOC Gas Total Assets Historical Data

The historical data trend for ADNOC Gas'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.

ADNOC Gas Total Assets Chart

ADNOC Gas Annual Data
Trend Dec20 Dec21 Dec23
Total Assets
77,295.45 77,648.07 106,589.37

ADNOC Gas Semi-Annual Data
Dec20 Dec21 Dec23
Total Assets 77,295.45 77,648.07 106,589.37

ADNOC Gas 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.

ADNOC Gas'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 )
=81879.955+24709.418
=106,589

ADNOC Gas'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 )
=81879.955+24709.418
=106,589

* 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.

ADNOC Gas  (ADX:ADNOCGAS) Total Assets Explanation

Total Assets is connected with ROA %.

ADNOC Gas's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Dec. 2023 ))/ count )
=17336.885/( (77648.066+106589.373)/ 2 )
=17336.885/92118.7195
=18.82 %

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.

ADNOC Gas's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Dec. 2023 ))/ count )
=65766.218/( (77648.066+106589.373)/ 2 )
=65766.218/92118.7195
=0.71

* 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.

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.

ADNOC Gas Total Assets Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Total Assets
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Traded in Other Exchanges
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Address
Corniche Road West, P.O. Box 898, Abu Dhabi, ARE
Website
https://www.adnoc.ae
ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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