State Gas (ASX:GAS) Total Assets : A$47.36 Mil (As of Dec. 2023)

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What is State Gas Total Assets?

State Gas's Total Assets for the quarter that ended in Dec. 2023 was A$47.36 Mil.

During the past 12 months, State Gas's average Total Assets Growth Rate was 21.00% per year. During the past 3 years, the average Total Assets Growth Rate was 50.00% per year. During the past 5 years, the average Total Assets Growth Rate was 73.00% per year.

During the past 6 years, State Gas's highest 3-Year average Total Assets Growth Rate was 113.90%. The lowest was 50.00%. And the median was 71.60%.

Total Assets is connected with ROA %. State Gas's annualized ROA % for the quarter that ended in Dec. 2023 was -6.53%. Total Assets is also linked to Revenue through Asset Turnover. State Gas's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

State Gas Total Assets Historical Data

The historical data trend for State Gas'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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State Gas Total Assets Chart

State Gas Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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12.42

12.85

29.54

33.88

40.91

State Gas Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial								34.97	33.88	40.68	40.91	47.36

State Gas 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.

State Gas's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	36.608	+	4.307
	=	40.92

State Gas's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	42.479	+	4.883
	=	47.36

State Gas (ASX:GAS) Total Assets Explanation

Total Assets is connected with ROA %.

State Gas's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-2.882	/	( (40.914	+	47.362)	/ 2 )
	=	-2.882	/	44.138
	=	-6.53 %

Note: The Net Income data used here is two times the semi-annual (Dec. 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.

State Gas's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (40.914	+	47.362)	/ 2 )
=	0	/	44.138
=	0.00

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.

State Gas Total Assets Related Terms

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State Gas (ASX:GAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » State Gas Ltd (ASX:GAS) » Definitions » Total Assets

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Address

40 Edward Street, Suite 4, Level 1, Brisbane, QLD, AUS, 4000

Website

https://www.stategas.com

State Gas Ltd operates as an exploration and development of gas fields in Australia. It explores and produces liquefied natural gas. The project of the company includes Reid's Dome Conventional Gas, Santos Exploration Joint Venture and the Rolleston-West project.