Pieridae Energy (TSX:PEA) Total Assets : C$590.5 Mil (As of Mar. 2024)

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What is Pieridae Energy Total Assets?

Pieridae Energy's Total Assets for the quarter that ended in Mar. 2024 was C$590.5 Mil.

During the past 12 months, Pieridae Energy's average Total Assets Growth Rate was -0.60% per year. During the past 3 years, the average Total Assets Growth Rate was 1.00% per year. During the past 5 years, the average Total Assets Growth Rate was 8.00% per year. During the past 10 years, the average Total Assets Growth Rate was 40.30% per year.

During the past 13 years, Pieridae Energy's highest 3-Year average Total Assets Growth Rate was 292.20%. The lowest was -41.20%. And the median was 32.65%.

Total Assets is connected with ROA %. Pieridae Energy's annualized ROA % for the quarter that ended in Mar. 2024 was -4.09%. Total Assets is also linked to Revenue through Asset Turnover. Pieridae Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Pieridae Energy Total Assets Historical Data

The historical data trend for Pieridae 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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Pieridae Energy Total Assets Chart

Pieridae Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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602.47

612.65

622.54

615.22

638.54

Pieridae Energy 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															587.64	575.85	564.92	638.54	590.53

Pieridae 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.

Pieridae Energy'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 )
	=	174.406	+	464.135
	=	638.5

Pieridae Energy'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 )
	=	143.04	+	447.491
	=	590.5

Pieridae Energy (TSX:PEA) Total Assets Explanation

Total Assets is connected with ROA %.

Pieridae Energy'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 )
	=	-25.136	/	( (638.541	+	590.531)	/ 2 )
	=	-25.136	/	614.536
	=	-4.09 %

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.

Pieridae Energy'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 )
=	76.31	/	( (638.541	+	590.531)	/ 2 )
=	76.31	/	614.536
=	0.12

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.

Pieridae Energy Total Assets Related Terms

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Pieridae Energy (TSX:PEA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pieridae Energy Ltd (TSX:PEA) » Definitions » Total Assets

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PTOAF:USA

Address

308 - 4th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 0H7

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.

Executives

John Emery

Senior Officer

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