Superior Drilling Products (STU:SDW) Total Assets : €23.85 Mil (As of Mar. 2024)

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What is Superior Drilling Products Total Assets?

Superior Drilling Products's Total Assets for the quarter that ended in Mar. 2024 was €23.85 Mil.

During the past 12 months, Superior Drilling Products's average Total Assets Growth Rate was 35.40% per year. During the past 3 years, the average Total Assets Growth Rate was 30.30% per year. During the past 5 years, the average Total Assets Growth Rate was 7.00% per year. During the past 10 years, the average Total Assets Growth Rate was -8.50% per year.

During the past 12 years, Superior Drilling Products's highest 3-Year average Total Assets Growth Rate was 30.30%. The lowest was -28.50%. And the median was -8.50%.

Total Assets is connected with ROA %. Superior Drilling Products's annualized ROA % for the quarter that ended in Mar. 2024 was -27.56%. Total Assets is also linked to Revenue through Asset Turnover. Superior Drilling Products's Asset Turnover for the quarter that ended in Mar. 2024 was 0.19.

Superior Drilling Products Total Assets Historical Data

The historical data trend for Superior Drilling Products'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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Superior Drilling Products Total Assets Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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15.09

10.72

12.93

16.61

24.79

Superior Drilling Products 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															18.36	19.68	21.19	24.79	23.85

Superior Drilling Products 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.

Superior Drilling Products'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 )
	=	15.273	+	9.52
	=	24.79

Superior Drilling Products'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 )
	=	13.867	+	9.987
	=	23.85

Superior Drilling Products (STU:SDW) Total Assets Explanation

Total Assets is connected with ROA %.

Superior Drilling Products'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 )
	=	-6.704	/	( (24.793	+	23.854)	/ 2 )
	=	-6.704	/	24.3235
	=	-27.56 %

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.

Superior Drilling Products'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 )
=	4.55	/	( (24.793	+	23.854)	/ 2 )
=	4.55	/	24.3235
=	0.19

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.

Superior Drilling Products Total Assets Related Terms

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Superior Drilling Products (STU:SDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (STU:SDW) » Definitions » Total Assets

Comparable Companies

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SDPI:USA

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

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