Glen Rose Petroleum (Glen Rose Petroleum) Asset Turnover : 0.06 (As of Dec. 2011)

View and export this data going back to 2010. Start your Free Trial

What is Glen Rose Petroleum Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Glen Rose Petroleum's Revenue for the three months ended in Dec. 2011 was $0.46 Mil. Glen Rose Petroleum's Total Assets for the quarter that ended in Dec. 2011 was $8.30 Mil. Therefore, Glen Rose Petroleum's Asset Turnover for the quarter that ended in Dec. 2011 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Glen Rose Petroleum's annualized ROE % for the quarter that ended in Dec. 2011 was -41.16%. It is also linked to ROA % through Du Pont Formula. Glen Rose Petroleum's annualized ROA % for the quarter that ended in Dec. 2011 was 43.83%.

Glen Rose Petroleum Asset Turnover Historical Data

The historical data trend for Glen Rose Petroleum's Asset Turnover 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.

* Premium members only.

Glen Rose Petroleum Asset Turnover Chart

Glen Rose Petroleum Annual Data

Trend

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Asset Turnover

Get a 7-Day Free Trial

0.08

0.01

0.02

0.13

Glen Rose Petroleum Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Asset Turnover	Get a 7-Day Free Trial															0.07	0.05	0.04	0.02	0.06

Competitive Comparison of Glen Rose Petroleum's Asset Turnover

For the Oil & Gas E&P subindustry, Glen Rose Petroleum's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Glen Rose Petroleum's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Glen Rose Petroleum's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Glen Rose Petroleum's Asset Turnover falls into.

Glen Rose Petroleum Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Glen Rose Petroleum's Asset Turnover for the fiscal year that ended in Mar. 2011 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2011 )	/	( (Total Assets (A: Mar. 2010 )	+	Total Assets (A: Mar. 2011 ))	/ count )
=	1.103	/	( (9.117	+	8.247)	/ 2 )
=	1.103	/	8.682
=	0.13

Glen Rose Petroleum's Asset Turnover for the quarter that ended in Dec. 2011 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2011 )	/	( (Total Assets (Q: Sep. 2011 )	+	Total Assets (Q: Dec. 2011 ))	/ count )
=	0.459	/	( (8.326	+	8.266)	/ 2 )
=	0.459	/	8.296
=	0.06

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Glen Rose Petroleum (GREY:GLRP) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Glen Rose Petroleum's annulized ROE % for the quarter that ended in Dec. 2011 is

	ROE %^**		(Q: Dec. 2011 )
=	Net Income	/	Total Stockholders Equity
=	3.636	/	-8.8335
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(3.636 / 1.836)	*	(1.836 / 8.296)	*	(8.296/ -8.8335)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	198.04 %	*	0.2213	*	-0.9392
=	ROA %	*	Equity Multiplier
=	43.83 %	*	-0.9392
=	-41.16 %

Note: The Net Income data used here is four times the quarterly (Dec. 2011) net income data. The Revenue data used here is four times the quarterly (Dec. 2011) revenue data.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Glen Rose Petroleum's annulized ROA % for the quarter that ended in Dec. 2011 is

	ROA %		(Q: Dec. 2011 )
=	Net Income	/	Total Assets
=	3.636	/	8.296
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(3.636 / 1.836)	*	(1.836 / 8.296)
=	Net Margin %	*	Asset Turnover
=	198.04 %	*	0.2213
=	43.83 %

Note: The Net Income data used here is four times the quarterly (Dec. 2011) net income data. The Revenue data used here is four times the quarterly (Dec. 2011) revenue data.

Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Glen Rose Petroleum Asset Turnover Related Terms

Thank you for viewing the detailed overview of Glen Rose Petroleum's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.