Arete Industries Inc
Arête Industries, Inc., an independent oil and gas company, engages in the acquisition and development of oil and natural gas reserves in the United States. It has oil and natural gas properties in Wyoming, Kansas, Colorado, and Montana. The company was incorporated in 1987 and is based in Westminster, Colorado.
Arete Industries Inc (ARET) - Total Assets
Latest total assets as of September 2017: $1.66 Million USD
Based on the latest financial reports, Arete Industries Inc (ARET) holds total assets worth $1.66 Million USD as of September 2017.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Arete Industries Inc - Total Assets Trend (1996–2016)
This chart illustrates how Arete Industries Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Arete Industries Inc - Asset Composition Analysis
Current Asset Composition (December 2016)
Arete Industries Inc's total assets of $1.66 Million consist of 9.4% current assets and 90.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.5% |
| Accounts Receivable | $14.01K | 0.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $1.82 Million | 90.6% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1996–2016)
This chart illustrates how Arete Industries Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Arete Industries Inc's current assets represent 9.4% of total assets in 2016, a decrease from 40.3% in 1996.
- Cash Position: Cash and equivalents constituted 8.5% of total assets in 2016, up from 0.0% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1996.
- Asset Diversification: The largest asset category is property, plant & equipment at 90.6% of total assets.
Arete Industries Inc Competitors by Total Assets
Key competitors of Arete Industries Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Arete Industries Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Arete Industries Inc generates 0.49x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Arete Industries Inc is currently not profitable relative to its asset base.
Arete Industries Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.03 | 0.22 | 0.10 |
| Quick Ratio | 0.03 | 0.22 | 0.10 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.67 Million | $ -1.05 Million | $ -1.94 Million |
Arete Industries Inc - Advanced Valuation Insights
This section examines the relationship between Arete Industries Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -68.0% |
| Total Assets | $2.01 Million |
| Market Capitalization | $1.02K USD |
Valuation Analysis
Below Book Valuation: The market values Arete Industries Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Arete Industries Inc's assets decreased by 68.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Arete Industries Inc (1996–2016)
The table below shows the annual total assets of Arete Industries Inc from 1996 to 2016.
| Year | Total Assets | Change |
|---|---|---|
| 2016-12-31 | $2.01 Million | -68.03% |
| 2015-12-31 | $6.28 Million | -25.66% |
| 2014-12-31 | $8.44 Million | -6.06% |
| 2013-12-31 | $8.99 Million | +1.14% |
| 2012-12-31 | $8.89 Million | -10.16% |
| 2011-12-31 | $9.89 Million | +1091.75% |
| 2010-12-31 | $829.96K | +130.28% |
| 2009-12-31 | $360.42K | -15.24% |
| 2008-12-31 | $425.24K | -14.27% |
| 2007-12-31 | $496.03K | +45.95% |
| 2006-12-31 | $339.86K | +6500.52% |
| 2005-12-31 | $5.15K | -27.38% |
| 2004-12-31 | $7.09K | -92.07% |
| 2003-12-31 | $89.44K | -49.43% |
| 2002-12-31 | $176.87K | -29.84% |
| 2001-12-31 | $252.09K | +22.39% |
| 2000-12-31 | $205.97K | +141.69% |
| 1999-12-31 | $85.22K | +38.52% |
| 1998-12-31 | $61.52K | -54.44% |
| 1997-12-31 | $135.02K | +69.85% |
| 1996-12-31 | $79.50K | -- |