ElectroMagnetic GeoServices ASA (OSL:EMGS) Total Assets : kr267.22 Mil (As of Mar. 2024)

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What is ElectroMagnetic GeoServices ASA Total Assets?

ElectroMagnetic GeoServices ASA's Total Assets for the quarter that ended in Mar. 2024 was kr267.22 Mil.

During the past 12 months, ElectroMagnetic GeoServices ASA's average Total Assets Growth Rate was -32.90% per year. During the past 3 years, the average Total Assets Growth Rate was -24.90% per year. During the past 5 years, the average Total Assets Growth Rate was -22.80% per year. During the past 10 years, the average Total Assets Growth Rate was -16.90% per year.

During the past 13 years, ElectroMagnetic GeoServices ASA's highest 3-Year average Total Assets Growth Rate was 50.50%. The lowest was -26.40%. And the median was -3.75%.

Total Assets is connected with ROA %. ElectroMagnetic GeoServices ASA's annualized ROA % for the quarter that ended in Mar. 2024 was -58.12%. Total Assets is also linked to Revenue through Asset Turnover. ElectroMagnetic GeoServices ASA's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

ElectroMagnetic GeoServices ASA Total Assets Historical Data

The historical data trend for ElectroMagnetic GeoServices ASA'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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ElectroMagnetic GeoServices ASA Total Assets Chart

ElectroMagnetic GeoServices ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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952.44

472.53

360.70

421.69

292.93

ElectroMagnetic GeoServices ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															410.90	351.46	335.78	292.93	267.22

ElectroMagnetic GeoServices ASA 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.

ElectroMagnetic GeoServices ASA'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 )
	=	6.361	+	286.564
	=	292.93

ElectroMagnetic GeoServices ASA'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 )
	=	-34.298	+	301.522
	=	267.22

ElectroMagnetic GeoServices ASA (OSL:EMGS) Total Assets Explanation

Total Assets is connected with ROA %.

ElectroMagnetic GeoServices ASA'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 )
	=	-162.788	/	( (292.925	+	267.223)	/ 2 )
	=	-162.788	/	280.074
	=	-58.12 %

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.

ElectroMagnetic GeoServices ASA'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 )
=	2.536	/	( (292.925	+	267.223)	/ 2 )
=	2.536	/	280.074
=	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.

ElectroMagnetic GeoServices ASA Total Assets Related Terms

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ElectroMagnetic GeoServices ASA (OSL:EMGS) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ElectroMagnetic GeoServices ASA (OSL:EMGS) » Definitions » Total Assets

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EMGSo:Sweden E2M:Germany

Address

Karenslyst Alle 4, 4th floor, Oslo, NOR, 0278

Website

https://www.emgs.com

ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. It principally uses electromagnetic survey method to find hydrocarbons in offshore reservoirs. The firm is focused on planning, acquisition, processing, modelling, interpretation, and integration of electromagnetic data. The oil and gas companies, along with other customers of the group, use electromagnetic services to evaluate whether an offshore acreage is viable for commercial production of hydrocarbons. The business operations of the group are carried in Europe, the Middle East and Africa, North and South America, Asia and the Pacific Ocean. It generates revenue from the Contract sales and Multi-client sales.

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