PermRock Royalty Trust (PermRock Royalty Trust) Total Assets : $76.33 Mil (As of Mar. 2024)

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What is PermRock Royalty Trust Total Assets?

PermRock Royalty Trust's Total Assets for the quarter that ended in Mar. 2024 was $76.33 Mil.

During the past 12 months, PermRock Royalty Trust's average Total Assets Growth Rate was -5.30% per year. During the past 3 years, the average Total Assets Growth Rate was -4.80% per year. During the past 5 years, the average Total Assets Growth Rate was -3.80% per year.

During the past 8 years, PermRock Royalty Trust's highest 3-Year average Total Assets Growth Rate was -3.10%. The lowest was -9.10%. And the median was -4.15%.

Total Assets is connected with ROA %. PermRock Royalty Trust's annualized ROA % for the quarter that ended in Mar. 2024 was 5.85%. Total Assets is also linked to Revenue through Asset Turnover. PermRock Royalty Trust's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

PermRock Royalty Trust Total Assets Historical Data

The historical data trend for PermRock Royalty Trust'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.

PermRock Royalty Trust Total Assets Chart

PermRock Royalty Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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90.26

89.10

85.67

82.02

77.25

PermRock Royalty Trust 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															80.86	80.19	79.54	77.25	76.33

PermRock Royalty Trust 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.

PermRock Royalty Trust'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 )
	=	76.876	+	0.369
	=	77.25

PermRock Royalty Trust'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 )
	=	76.05	+	0.279
	=	76.33

PermRock Royalty Trust (NYSE:PRT) Total Assets Explanation

Total Assets is connected with ROA %.

PermRock Royalty Trust'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 )
	=	4.492	/	( (77.245	+	76.33)	/ 2 )
	=	4.492	/	76.7875
	=	5.85 %

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.

PermRock Royalty Trust'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 )
=	1.311	/	( (77.245	+	76.33)	/ 2 )
=	1.311	/	76.7875
=	0.02

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.

PermRock Royalty Trust Total Assets Related Terms

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PermRock Royalty Trust (PermRock Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PermRock Royalty Trust (NYSE:PRT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2911 Turtle Creek Blvd, Suite 850, Argent Trust Company, Trustee, Dallas, TX, USA, 75219-6291

Website

http://www.permrock.com

PermRock Royalty Trust operates as a statutory trust. It is focused on the acquisition, development, and operation of oil and natural gas properties in the Permian Basin.

Executives

Boaz Energy Ii, Llc	10 percent owner	3300 N. A STREET BLDG. 7 #150, MIDLAND TX 79705
Karan E Eves	10 percent owner	3300 N. A. STREET, BUILDING 7, MIDLAND TX 79705
Marshall J Eves	10 percent owner	3300 N. A. STREET, BUILDING 7, MIDLAND TX 79705
Ngp X Us Holdings Lp	10 percent owner	5221 N. O'CONNOR BOULEVARD, SUITE 1100, IRVING TX 75039
Ngp Boaz Energy Ii Co-invest Llc	10 percent owner	5221 N. O'CONNOR BOULEVARD, SUITE 1100, IRVING TX 75039