Thai Oil PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿428,357 Mil.
Warning Sign:
If a company builds assets at 21.1% a year, faster than its revenue growth rate of 4.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Thai Oil PCL's average Total Assets Growth Rate was 2.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 17.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.
During the past 13 years, Thai Oil PCL's highest 3-Year average Total Assets Growth Rate was 27.30%. The lowest was -1.80%. And the median was 4.50%.
The historical data trend for Thai Oil PCL'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.
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.
Thai Oil PCL's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Thai Oil PCL's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Thai Oil PCL Total Assets Related Terms
Thank you for viewing the detailed overview of Thai Oil PCL's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Thai Oil PCL is a refiner and supplier of petroleum products. Based out of Thailand, the company's refinery unit produces the most revenue of its various business segments. Thai Oil's refined products primarily consist of middle-distillation fuels such as jet fuel, kerosene, and diesel fuel. Once refined, petroleum products can be transported by the midstream business, Thai Petroleum Pipeline. In addition to the transportation and refinery segments, Thai Oil produces aromatics, which are used in products like detergent. Power generation, alternative energy, and chemical production are also byproducts of Thai Oil and its many subsidiaries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:TOP has been successfully added to your 