Norstra Energy (Norstra Energy) Total Assets : $0.76 Mil (As of Nov. 2013)

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What is Norstra Energy Total Assets?

Norstra Energy's Total Assets for the quarter that ended in Nov. 2013 was $0.76 Mil.

Total Assets is connected with ROA %. Norstra Energy's annualized ROA % for the quarter that ended in Nov. 2013 was -101.46%. Total Assets is also linked to Revenue through Asset Turnover. Norstra Energy's Asset Turnover for the quarter that ended in Nov. 2013 was 0.00.

Norstra Energy Total Assets Historical Data

The historical data trend for Norstra Energy'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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Norstra Energy Total Assets Chart

Norstra Energy Annual Data

Trend

Feb12

Feb13

Total Assets

0.02

0.13

Norstra Energy Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13
Total Assets	Get a 7-Day Free Trial			0.03	0.13	0.57	0.47	0.76

Norstra Energy 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.

Norstra Energy's Total Assets for the fiscal year that ended in Feb. 2013 is calculated as

Total Assets	=	Total Equity (A: Feb. 2013 )	+	Total Liabilities (A: Feb. 2013 )
	=	0.011	+	0.114
	=	0.13

Norstra Energy's Total Assets for the quarter that ended in Nov. 2013 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2013 )	+	Total Liabilities (Q: Nov. 2013 )
	=	-0.21	+	0.966
	=	0.76

Norstra Energy (GREY:NORX) Total Assets Explanation

Total Assets is connected with ROA %.

Norstra Energy's annualized ROA % for the quarter that ended in Nov. 2013 is

ROA %	=	Net Income (Q: Nov. 2013 )	/	( (Total Assets (Q: Aug. 2013 )	+	Total Assets (Q: Nov. 2013 ))	/ count )
	=	-0.624	/	( (0.473	+	0.757)	/ 2 )
	=	-0.624	/	0.615
	=	-101.46 %

Note: The Net Income data used here is four times the quarterly (Nov. 2013) 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.

Norstra Energy's Asset Turnover for the quarter that ended in Nov. 2013 is

	Asset Turnover
=	Revenue (Q: Nov. 2013 )	/	( (Total Assets (Q: Aug. 2013 )	+	Total Assets (Q: Nov. 2013 ))	/ count )
=	0	/	( (0.473	+	0.757)	/ 2 )
=	0	/	0.615
=	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.

Norstra Energy Total Assets Related Terms

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Norstra Energy (Norstra Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norstra Energy Inc (GREY:NORX) » Definitions » Total Assets

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Address

1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204

Website

http://www.norstraenergy.com

Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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