Shelf Drilling (Shelf Drilling) Total Assets : $2,116.2 Mil (As of Mar. 2024)

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What is Shelf Drilling Total Assets?

Shelf Drilling's Total Assets for the quarter that ended in Mar. 2024 was $2,116.2 Mil.

During the past 12 months, Shelf Drilling's average Total Assets Growth Rate was 4.20% per year. During the past 3 years, the average Total Assets Growth Rate was 18.90% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year.

During the past 11 years, Shelf Drilling's highest 3-Year average Total Assets Growth Rate was 18.90%. The lowest was -2.50%. And the median was 4.10%.

Total Assets is connected with ROA %. Shelf Drilling's annualized ROA % for the quarter that ended in Mar. 2024 was -0.72%. Total Assets is also linked to Revenue through Asset Turnover. Shelf Drilling's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Shelf Drilling Total Assets Historical Data

The historical data trend for Shelf Drilling'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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Shelf Drilling Total Assets Chart

Shelf Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,700.05

1,516.35

1,617.54

2,046.30

2,098.70

Shelf Drilling 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															2,091.00	2,146.60	2,241.60	2,098.70	2,116.20

Shelf Drilling 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.

Shelf Drilling'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 )
	=	402.3	+	1696.4
	=	2,098.7

Shelf Drilling'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 )
	=	399.5	+	1716.7
	=	2,116.2

Shelf Drilling (OTCPK:SHLLF) Total Assets Explanation

Total Assets is connected with ROA %.

Shelf Drilling'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 )
	=	-15.2	/	( (2098.7	+	2116.2)	/ 2 )
	=	-15.2	/	2107.45
	=	-0.72 %

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.

Shelf Drilling'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 )
=	254.7	/	( (2098.7	+	2116.2)	/ 2 )
=	254.7	/	2107.45
=	0.12

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.

Shelf Drilling Total Assets Related Terms

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Shelf Drilling (Shelf Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling Ltd (OTCPK:SHLLF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SHLFo:Sweden SHLF:Norway SHLFo:UK 6SD:Germany

Address

One JLT, Jumeirah Lakes Towers, P.O. Box 212201, 12th Floor, Dubai, ARE

Website

https://www.shelfdrilling.com

Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment being Contract services. Geographically, it derives a majority of revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; United Arab Emirates; India and Other Countries.