Oil & Gas Development Co's Total Assets for the quarter that ended in Mar. 2024 was ₨1,556,447 Mil.
Warning Sign:
If a company builds assets at 17.3% a year, faster than its revenue growth rate of 13% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Oil & Gas Development Co's average Total Assets Growth Rate was 20.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 17.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.90% per year.
During the past 13 years, Oil & Gas Development Co's highest 3-Year average Total Assets Growth Rate was 29.60%. The lowest was -1.40%. And the median was 15.50%.
* 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.
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.
Oil & Gas Development Co's Total Assets for the fiscal year that ended in Jun. 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.
Oil & Gas Development Co (KAR:OGDC) 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.
Oil & Gas Development Co'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.
Oil & Gas Development Co Total Assets Related Terms
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Oil & Gas Development Co (KAR:OGDC) Business Description
Oil & Gas Development Co Ltd is a Pakistani multinational oil and gas company. The company is engaged in the exploration, development, production, and sale of oil and gas. It produces crude oil, gas, liquefied petroleum gas, sulphur, and white petroleum products. The company's development projects include Kunnar Pasahki Deep-Tando Allah Yar, Sinjhoro, Uch-II, Jhal Magsi, Nashpa-Mela and Suleiman development project.
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