Imperial Petroleum (Imperial Petroleum) Total Assets : $393.2 Mil (As of Mar. 2024)

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What is Imperial Petroleum Total Assets?

Imperial Petroleum's Total Assets for the quarter that ended in Mar. 2024 was $393.2 Mil.

During the past 12 months, Imperial Petroleum's average Total Assets Growth Rate was 14.00% per year. During the past 3 years, the average Total Assets Growth Rate was 24.30% per year. During the past 5 years, the average Total Assets Growth Rate was 47.40% per year. During the past 10 years, the average Total Assets Growth Rate was 54.10% per year.

During the past 13 years, Imperial Petroleum's highest 3-Year average Total Assets Growth Rate was 254.60%. The lowest was -44.50%. And the median was 25.50%.

Total Assets is connected with ROA %. Imperial Petroleum's annualized ROA % for the quarter that ended in Mar. 2024 was 17.30%. Total Assets is also linked to Revenue through Asset Turnover. Imperial Petroleum's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Imperial Petroleum Total Assets Historical Data

The historical data trend for Imperial Petroleum'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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Imperial Petroleum Total Assets Chart

Imperial Petroleum Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Jul11

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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145.61

138.12

128.47

365.82

376.84

Imperial Petroleum Quarterly Data
	Jul11	Oct11	Jan12	Apr12	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															400.32	346.64	380.76	376.84	393.20

Imperial Petroleum 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.

Imperial Petroleum'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 )
	=	362.305	+	14.529
	=	376.8

Imperial Petroleum'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 )
	=	376.879	+	16.325
	=	393.2

Imperial Petroleum (NAS:IMPP) Total Assets Explanation

Total Assets is connected with ROA %.

Imperial Petroleum'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 )
	=	66.62	/	( (376.835	+	393.204)	/ 2 )
	=	66.62	/	385.0195
	=	17.30 %

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.

Imperial Petroleum'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 )
=	41.203	/	( (376.835	+	393.204)	/ 2 )
=	41.203	/	385.0195
=	0.11

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.

Imperial Petroleum Total Assets Related Terms

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Imperial Petroleum (Imperial Petroleum) Business Description

Industry

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Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.imperialpetro.com

Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of three medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemical.