Global Petroleum (LSE:GBP) Total Assets : £2.01 Mil (As of Dec. 2023)

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What is Global Petroleum Total Assets?

Global Petroleum's Total Assets for the quarter that ended in Dec. 2023 was £2.01 Mil.

During the past 12 months, Global Petroleum's average Total Assets Growth Rate was 24.10% per year. During the past 3 years, the average Total Assets Growth Rate was -14.20% per year. During the past 5 years, the average Total Assets Growth Rate was -2.90% per year. During the past 10 years, the average Total Assets Growth Rate was -4.80% per year.

During the past 13 years, Global Petroleum's highest 3-Year average Total Assets Growth Rate was 119.50%. The lowest was -70.30%. And the median was -14.20%.

Total Assets is connected with ROA %. Global Petroleum's annualized ROA % for the quarter that ended in Dec. 2023 was -0.18%. Total Assets is also linked to Revenue through Asset Turnover. Global Petroleum's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Global Petroleum Total Assets Historical Data

The historical data trend for Global Petroleum'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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Global Petroleum Total Assets Chart

Global Petroleum Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Total Assets

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5.33

4.16

2.96

2.10

2.17

Global Petroleum Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Total Assets	Get a 7-Day Free Trial															2.10	2.61	2.17	2.36	2.01

Global Petroleum 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.

Global Petroleum's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (A: Jun. 2022 )	+	Total Liabilities (A: Jun. 2022 )
	=	1.895	+	0.27
	=	2.17

Global Petroleum'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 )
	=	1.993	+	0.018
	=	2.01

Global Petroleum (LSE:GBP) Total Assets Explanation

Total Assets is connected with ROA %.

Global Petroleum's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.004	/	( (2.361	+	2.011)	/ 2 )
	=	-0.004	/	2.186
	=	-0.18 %

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.

Global Petroleum's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (2.361	+	2.011)	/ 2 )
=	0	/	2.186
=	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.

Global Petroleum Total Assets Related Terms

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Global Petroleum (LSE:GBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Global Petroleum Ltd (LSE:GBP) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

C/- DW Accounting & Advisory Pty Ltd, 91 William Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.globalpetroleum.com.au

Global Petroleum Ltd is an Australia-based oil and gas, upstream exploration company. The principal activities of the company include exploration, development, and production of oil and gas properties. The company's principal assets are two exploration blocks located offshore Namibia. The company mainly focuses on Africa and the Mediterranean. It holds interests in petroleum exploration license number 29, covering offshore blocks 1910B and 2010A in the Walvis Basin, Namibia.

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