3R Petroleum Oleo E Gas (BSP:RRRP3) Total Assets : R$20,232 Mil (As of Mar. 2024)

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What is 3R Petroleum Oleo E Gas Total Assets?

3R Petroleum Oleo E Gas's Total Assets for the quarter that ended in Mar. 2024 was R$20,232 Mil.

During the past 12 months, 3R Petroleum Oleo E Gas's average Total Assets Growth Rate was 163.30% per year. During the past 3 years, the average Total Assets Growth Rate was 135.00% per year. During the past 5 years, the average Total Assets Growth Rate was 134.30% per year.

During the past 8 years, 3R Petroleum Oleo E Gas's highest 3-Year average Total Assets Growth Rate was 177.80%. The lowest was -3.20%. And the median was 104.80%.

Total Assets is connected with ROA %. 3R Petroleum Oleo E Gas's annualized ROA % for the quarter that ended in Mar. 2024 was -4.67%. Total Assets is also linked to Revenue through Asset Turnover. 3R Petroleum Oleo E Gas's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

3R Petroleum Oleo E Gas Total Assets Historical Data

The historical data trend for 3R Petroleum Oleo E 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.

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3R Petroleum Oleo E Gas Total Assets Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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396.44

2,109.06

5,453.48

7,971.14

20,119.86

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	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															7,982.24	18,679.35	19,276.06	20,119.86	20,232.35

3R Petroleum Oleo E 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.

3R Petroleum Oleo E 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 )
	=	5565.09	+	14554.768
	=	20,120

3R Petroleum Oleo E Gas'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 )
	=	5357.31	+	14875.037
	=	20,232

3R Petroleum Oleo E Gas (BSP:RRRP3) Total Assets Explanation

Total Assets is connected with ROA %.

3R Petroleum Oleo E Gas'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 )
	=	-942.492	/	( (20119.858	+	20232.347)	/ 2 )
	=	-942.492	/	20176.1025
	=	-4.67 %

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.

3R Petroleum Oleo E Gas'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 )
=	2007.601	/	( (20119.858	+	20232.347)	/ 2 )
=	2007.601	/	20176.1025
=	0.10

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.

3R Petroleum Oleo E Gas Total Assets Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Total Assets

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Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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