Horizon Oil (Horizon Oil) Total Assets : $174.9 Mil (As of Dec. 2023)

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What is Horizon Oil Total Assets?

Horizon Oil's Total Assets for the quarter that ended in Dec. 2023 was $174.9 Mil.

During the past 12 months, Horizon Oil's average Total Assets Growth Rate was -18.60% per year. During the past 3 years, the average Total Assets Growth Rate was -0.40% per year. During the past 5 years, the average Total Assets Growth Rate was -12.80% per year. During the past 10 years, the average Total Assets Growth Rate was -10.30% per year.

During the past 13 years, Horizon Oil's highest 3-Year average Total Assets Growth Rate was 128.00%. The lowest was -23.90%. And the median was -1.70%.

Total Assets is connected with ROA %. Horizon Oil's annualized ROA % for the quarter that ended in Dec. 2023 was 20.38%. Total Assets is also linked to Revenue through Asset Turnover. Horizon Oil's Asset Turnover for the quarter that ended in Dec. 2023 was 0.37.

Horizon Oil Total Assets Historical Data

The historical data trend for Horizon Oil'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.

Horizon Oil Total Assets Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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262.66

171.64

186.79

182.46

183.50

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															157.68	182.46	201.25	183.50	174.90

Horizon Oil 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.

Horizon Oil's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	95.776	+	87.722
	=	183.5

Horizon Oil'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 )
	=	91.709	+	83.187
	=	174.9

Horizon Oil (OTCPK:HZNFF) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	36.514	/	( (183.498	+	174.896)	/ 2 )
	=	36.514	/	179.197
	=	20.38 %

Note: The Net Income data used here is two times the semi-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.

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

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	66.943	/	( (183.498	+	174.896)	/ 2 )
=	66.943	/	179.197
=	0.37

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.

Horizon Oil Total Assets Related Terms

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Horizon Oil (Horizon Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Horizon Oil Ltd (OTCPK:HZNFF) » Definitions » Total Assets

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HZN:Australia

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.

Horizon Oil (Horizon Oil) Headlines

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