Pennine Petroleum Corporation
Pambili Natural Resources Corporation engages in the exploration and development of gold mining projects in Zimbabwe. It operates Happy Valley gold mine in Bulawayo, Zimbabwe; and the Golden Valley project located in Matabeleland province, Zimbabwe. The company was formerly known as Pennine Petroleum Corporation and changed its name to Pambili Natural Resources Corporation in June 2022. Pambili N… Read more
Pennine Petroleum Corporation (PNNEF) - Total Assets
Latest total assets as of September 2024: $2.95 Million USD
Based on the latest financial reports, Pennine Petroleum Corporation (PNNEF) holds total assets worth $2.95 Million USD as of September 2024.
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.
Pennine Petroleum Corporation - Total Assets Trend (2014–2023)
This chart illustrates how Pennine Petroleum Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Pennine Petroleum Corporation - Asset Composition Analysis
Current Asset Composition (December 2023)
Pennine Petroleum Corporation's total assets of $2.95 Million consist of 63.2% current assets and 36.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.2% |
| Accounts Receivable | $7.96K | 19.7% |
| Inventory | $2.62K | 6.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2014–2023)
This chart illustrates how Pennine Petroleum Corporation'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: Pennine Petroleum Corporation's current assets represent 63.2% of total assets in 2023, an increase from 4.3% in 2014.
- Cash Position: Cash and equivalents constituted 4.2% of total assets in 2023, up from 0.8% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is accounts receivable at 19.7% of total assets.
Pennine Petroleum Corporation Competitors by Total Assets
Key competitors of Pennine Petroleum Corporation 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 |
Pennine Petroleum Corporation - 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 - Pennine Petroleum Corporation 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 - Pennine Petroleum Corporation is currently not profitable relative to its asset base.
Pennine Petroleum Corporation - 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 | 0.07 | 0.02 | 0.02 |
| Quick Ratio | 0.07 | 0.01 | 0.02 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.32 Million | $ -892.97K | $ -1.24 Million |
Pennine Petroleum Corporation - Advanced Valuation Insights
This section examines the relationship between Pennine Petroleum Corporation'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 | 2.18 |
| Asset Growth Rate (YoY) | -89.9% |
| Total Assets | $40.46K |
| Market Capitalization | $88.18K USD |
Valuation Analysis
Premium Asset Valuation: The market values Pennine Petroleum Corporation's assets at a significant premium ( 2.18x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Pennine Petroleum Corporation's assets decreased by 89.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Pennine Petroleum Corporation (2014–2023)
The table below shows the annual total assets of Pennine Petroleum Corporation from 2014 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $40.46K | -89.94% |
| 2022-12-31 | $402.08K | +9425.68% |
| 2021-12-31 | $4.22K | +56.22% |
| 2020-12-31 | $2.70K | -94.02% |
| 2019-12-31 | $45.16K | -34.64% |
| 2018-12-31 | $69.09K | -93.79% |
| 2017-12-31 | $1.11 Million | +252.26% |
| 2016-12-31 | $316.04K | -74.46% |
| 2015-12-31 | $1.24 Million | +7.69% |
| 2014-12-31 | $1.15 Million | -- |