Range Resources (LTS:0KTW) Total Assets : $7,372 Mil (As of Mar. 2024)

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What is Range Resources Total Assets?

Range Resources's Total Assets for the quarter that ended in Mar. 2024 was $7,372 Mil.

During the past 12 months, Range Resources's average Total Assets Growth Rate was 5.60% per year. During the past 3 years, the average Total Assets Growth Rate was 4.40% per year. During the past 5 years, the average Total Assets Growth Rate was -4.40% per year. During the past 10 years, the average Total Assets Growth Rate was -3.00% per year.

During the past 13 years, Range Resources's highest 3-Year average Total Assets Growth Rate was 101.20%. The lowest was -19.40%. And the median was 13.15%.

Total Assets is connected with ROA %. Range Resources's annualized ROA % for the quarter that ended in Mar. 2024 was 5.06%. Total Assets is also linked to Revenue through Asset Turnover. Range Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Range Resources Total Assets Historical Data

The historical data trend for Range Resources'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.

* Premium members only.

Range Resources Total Assets Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6,612.40

6,136.94

6,660.51

6,625.56

7,203.89

Range Resources 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															6,882.27	6,790.17	6,845.94	7,203.89	7,371.80

Range Resources 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.

Range Resources'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 )
	=	3765.551	+	3438.334
	=	7,204

Range Resources'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 )
	=	3826.767	+	3545.034
	=	7,372

Range Resources (LTS:0KTW) Total Assets Explanation

Total Assets is connected with ROA %.

Range Resources'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 )
	=	368.552	/	( (7203.885	+	7371.801)	/ 2 )
	=	368.552	/	7287.843
	=	5.06 %

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.

Range Resources'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 )
=	598.771	/	( (7203.885	+	7371.801)	/ 2 )
=	598.771	/	7287.843
=	0.08

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.

Range Resources Total Assets Related Terms

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Range Resources (LTS:0KTW) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (LTS:0KTW) » Definitions » Total Assets

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RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

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