Tetra Technologies (FRA:TGI) Total Assets : €452.0 Mil (As of Mar. 2024)

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What is Tetra Technologies Total Assets?

Tetra Technologies's Total Assets for the quarter that ended in Mar. 2024 was €452.0 Mil.

During the past 12 months, Tetra Technologies's average Total Assets Growth Rate was 8.70% per year. During the past 3 years, the average Total Assets Growth Rate was -26.30% per year. During the past 5 years, the average Total Assets Growth Rate was -25.10% per year. During the past 10 years, the average Total Assets Growth Rate was -13.70% per year.

During the past 13 years, Tetra Technologies's highest 3-Year average Total Assets Growth Rate was 54.50%. The lowest was -35.20%. And the median was 3.15%.

Total Assets is connected with ROA %. Tetra Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was 0.76%. Total Assets is also linked to Revenue through Asset Turnover. Tetra Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.31.

Tetra Technologies Total Assets Historical Data

The historical data trend for Tetra Technologies'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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Tetra Technologies Total Assets Chart

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,144.73

931.19

352.47

410.04

439.21

Tetra Technologies 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															406.84	433.80	442.66	439.21	452.02

Tetra Technologies 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.

Tetra Technologies'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 )
	=	135.105	+	304.102
	=	439.2

Tetra Technologies'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 )
	=	134.455	+	317.564
	=	452.0

Tetra Technologies (FRA:TGI) Total Assets Explanation

Total Assets is connected with ROA %.

Tetra Technologies'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 )
	=	3.368	/	( (439.207	+	452.019)	/ 2 )
	=	3.368	/	445.613
	=	0.76 %

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.

Tetra Technologies'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 )
=	138.894	/	( (439.207	+	452.019)	/ 2 )
=	138.894	/	445.613
=	0.31

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.

Tetra Technologies Total Assets Related Terms

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Tetra Technologies (FRA:TGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tetra Technologies Inc (FRA:TGI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

TTI:USA TGI:Germany

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.