Empire Diversified Energy (Empire Diversified Energy) Total Assets : $80.97 Mil (As of Sep. 2023)

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What is Empire Diversified Energy Total Assets?

Empire Diversified Energy's Total Assets for the quarter that ended in Sep. 2023 was $80.97 Mil.

During the past 12 months, Empire Diversified Energy's average Total Assets Growth Rate was 37.80% per year. During the past 3 years, the average Total Assets Growth Rate was 255.60% per year.

During the past 10 years, Empire Diversified Energy's highest 3-Year average Total Assets Growth Rate was 311.80%. The lowest was 205.20%. And the median was 255.60%.

Total Assets is connected with ROA %. Empire Diversified Energy's annualized ROA % for the quarter that ended in Sep. 2023 was -32.07%. Total Assets is also linked to Revenue through Asset Turnover. Empire Diversified Energy's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

Empire Diversified Energy Total Assets Historical Data

The historical data trend for Empire Diversified 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.

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Empire Diversified Energy Total Assets Chart

Empire Diversified Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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1.51

1.22

1.42

40.58

54.41

Empire Diversified Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Sep22	Sep23
Total Assets	Get a 7-Day Free Trial															60.05	57.80	54.41	-	80.97

Empire Diversified Energy 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.

Empire Diversified Energy's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	-10.354	+	64.762
	=	54.41

Empire Diversified Energy's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-41.274	+	122.246
	=	80.97

Empire Diversified Energy (OTCPK:MPIR) Total Assets Explanation

Total Assets is connected with ROA %.

Empire Diversified Energy's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-25.968	/	( (0	+	80.973)	/ 1 )
	=	-25.968	/	80.973
	=	-32.07 %

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.

Empire Diversified Energy's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.766	/	( (0	+	80.973)	/ 1 )
=	0.766	/	80.973
=	0.01

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.

Empire Diversified Energy Total Assets Related Terms

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Empire Diversified Energy (Empire Diversified Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Diversified Energy Inc (OTCPK:MPIR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 East Las Olas Boulevard, Suite 1400, 14th Floor, Fort Lauderdale, FL, USA, 33301

Website

https://www.empirediversifiedenergy.com

Empire Diversified Energy Inc is a diversified energy and logistics company. It has developed a wide range of green energy products and solutions to industry problems, offering strategic and cost-effective logistics to address LNG and Petrochemical Storage Hubs, Petrochemical Loading Facilities Scrap Iron and Mineral Sales, (Slag, HBI, Coal, Water).

Executives

Robert J. Lancellotti

director, 10 percent owner

PO BOX 154, CONGERS NY 10920