Earthstone Energy's Total Assets for the quarter that ended in Sep. 2023 was $5,147 Mil.
Warning Sign:
If a company builds assets at 29.7% a year, faster than its revenue growth rate of 23.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Earthstone Energy's average Total Assets Growth Rate was 31.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 52.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 29.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 66.00% per year.
During the past 13 years, Earthstone Energy's highest 3-Year average Total Assets Growth Rate was 166.30%. The lowest was -20.10%. And the median was 28.55%.
The historical data trend for Earthstone Energy'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.
Earthstone Energy's Total Assets for the fiscal year that ended in Dec. 2022 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.
Earthstone Energy (NYSE:ESTE) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 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.
Earthstone Energy's Asset Turnover for the quarter that ended in Sep. 2023 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.
Earthstone Energy Total Assets Related Terms
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Earthstone Energy (Earthstone Energy) Business Description
Earthstone Energy Inc is an independent oil and natural gas development and production company. The company focuses on the acquisition, development, exploration, and production of onshore, crude oil and natural gas reserves. It is also active in corporate mergers and the acquisition of oil and natural gas properties. The company's reserve portfolio consists of assets in the Midland Basin of West Texas, and the Eagle Ford Trend of South Texas. Its operations are all in the upstream segment of the oil and natural gas industry and are conducted onshore in the United States.
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