Oct 88 Res Inc
Octagon 88 Resources, Inc., a natural resource company, engages in acquiring, exploring, and developing natural resource assets. It holds an indirect interest in a contiguous land base of 73 sections comprising 46,720 acres of oil sands leases, as well as a direct working interest in petroleum and natural gas leases known as the Trout Lake properties in the Province of Alberta. The company was fo… Read more
Oct 88 Res Inc (OCTX) - Total Assets
Latest total assets as of December 2014: $59.82 Million USD
Based on the latest financial reports, Oct 88 Res Inc (OCTX) holds total assets worth $59.82 Million USD as of December 2014.
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.
Oct 88 Res Inc - Total Assets Trend (2009–2014)
This chart illustrates how Oct 88 Res Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Oct 88 Res Inc - Asset Composition Analysis
Current Asset Composition (June 2014)
Oct 88 Res Inc's total assets of $59.82 Million consist of 0.4% current assets and 99.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2009–2014)
This chart illustrates how Oct 88 Res 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: Oct 88 Res Inc's current assets represent 0.4% of total assets in 2014, a decrease from 68.8% in 2009.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2014, down from 68.8% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2009.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Oct 88 Res Inc Competitors by Total Assets
Key competitors of Oct 88 Res 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 |
Oct 88 Res 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
Lower asset utilization - Oct 88 Res Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Oct 88 Res Inc is currently not profitable relative to its asset base.
Oct 88 Res 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 | 0.15 | 0.05 | 3.97 |
| Quick Ratio | 0.15 | 0.05 | 3.97 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-98.75K | $ -118.17K | $ 8.90K |
Oct 88 Res Inc - Advanced Valuation Insights
This section examines the relationship between Oct 88 Res 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 | 0.01 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -0.4% |
| Total Assets | $60.93 Million |
| Market Capitalization | $1.84 USD |
Valuation Analysis
Below Book Valuation: The market values Oct 88 Res Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Oct 88 Res Inc's assets decreased by 0.4% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Oct 88 Res Inc (2009–2014)
The table below shows the annual total assets of Oct 88 Res Inc from 2009 to 2014.
| Year | Total Assets | Change |
|---|---|---|
| 2014-06-30 | $60.93 Million | -0.44% |
| 2013-06-30 | $61.20 Million | +17238839.44% |
| 2012-06-30 | $355.00 | -32.25% |
| 2011-06-30 | $524.00 | -94.13% |
| 2010-06-30 | $8.93K | -81.45% |
| 2009-06-30 | $48.13K | -- |