TotalEnergies Marketing Nigeria (NSA:TOTL) Total Assets : ₦375,116 Mil (As of Dec. 2023)

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What is TotalEnergies Marketing Nigeria Total Assets?

TotalEnergies Marketing Nigeria's Total Assets for the quarter that ended in Dec. 2023 was ₦375,116 Mil.

Total Assets is connected with ROA %. TotalEnergies Marketing Nigeria's annualized ROA % for the quarter that ended in Dec. 2023 was 2.09%. Total Assets is also linked to Revenue through Asset Turnover. TotalEnergies Marketing Nigeria's Asset Turnover for the quarter that ended in Dec. 2023 was 0.53.

TotalEnergies Marketing Nigeria Total Assets Historical Data

The historical data trend for TotalEnergies Marketing Nigeria'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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TotalEnergies Marketing Nigeria Total Assets Chart

TotalEnergies Marketing Nigeria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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135,030.88

143,612.89

208,728.97

307,815.72

375,115.67

TotalEnergies Marketing Nigeria Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															268,089.29	-	307,815.72	426,583.44	375,115.67

TotalEnergies Marketing Nigeria 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.

TotalEnergies Marketing Nigeria'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 )
	=	56077.742	+	319037.931
	=	375,116

TotalEnergies Marketing Nigeria'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 )
	=	56077.742	+	319037.931
	=	375,116

TotalEnergies Marketing Nigeria (NSA:TOTL) Total Assets Explanation

Total Assets is connected with ROA %.

TotalEnergies Marketing Nigeria's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	8367.376	/	( (426583.441	+	375115.673)	/ 2 )
	=	8367.376	/	400849.557
	=	2.09 %

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

TotalEnergies Marketing Nigeria's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	213375.234	/	( (426583.441	+	375115.673)	/ 2 )
=	213375.234	/	400849.557
=	0.53

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.

TotalEnergies Marketing Nigeria Total Assets Related Terms

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TotalEnergies Marketing Nigeria Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Nigeria PLC (NSA:TOTL) » Definitions » Total Assets

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Address

4 Churchgate Street, P.M.B 2143, Total Energies House, Victoria Island, Lagos, NGA

Website

https://www.services.totalenergies.ng

TotalEnergies Marketing Nigeria PLC is engaged in the marketing and distribution of petroleum products. Its operating segment includes the Network segment includes sales to service stations. The General Trade segment is engaged in sales to corporate customers excluding the customers in the aviation industry. Its Aviation segment is engaged in sales to aviation industry customers. The company generates maximum revenue from the Network segment. Geographically, it derives a majority of revenue from Nigeria. Its products categories include Motorcycle Lubricants, Engine Oil for Cars, Engine Oils for Heavy-Duty Engines, and Other Lubricants.