If a company builds assets at 240.2% a year, faster than its revenue growth rate of 31.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Riley Exploration Permian's average Total Assets Growth Rate was 65.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 525.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 240.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 37.00% per year.
During the past 13 years, Riley Exploration Permian's highest 3-Year average Total Assets Growth Rate was 525.00%. The lowest was -40.20%. And the median was 2.90%.
* 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.
Riley Exploration Permian 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.
Riley Exploration Permian's Total Assets for the fiscal year that ended in Dec. 2023 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.
Riley Exploration Permian (AMEX:REPX) Total Assets Explanation
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.
Riley Exploration Permian's Asset Turnover for the quarter that ended in Mar. 2024 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.
Riley Exploration Permian Total Assets Related Terms
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Riley Exploration Permian (Riley Exploration Permian) Business Description
Riley Exploration Permian Inc is engaged in the business of exploration for and production of oil and natural gas. The company operations are in Kansas Properties, Tennessee Properties, among others.
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