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Nuvera Communications (Nuvera Communications) Asset Turnover : 0.06 (As of Mar. 2024)


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What is Nuvera Communications Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Nuvera Communications's Revenue for the three months ended in Mar. 2024 was $16.95 Mil. Nuvera Communications's Total Assets for the quarter that ended in Mar. 2024 was $263.14 Mil. Therefore, Nuvera Communications's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Nuvera Communications's annualized ROE % for the quarter that ended in Mar. 2024 was 2.99%. It is also linked to ROA % through Du Pont Formula. Nuvera Communications's annualized ROA % for the quarter that ended in Mar. 2024 was 1.12%.


Nuvera Communications Asset Turnover Historical Data

The historical data trend for Nuvera Communications'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.

Nuvera Communications Asset Turnover Chart

Nuvera Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.39 0.38 0.34 0.27

Nuvera Communications Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.07 0.06 0.06 0.06

Competitive Comparison of Nuvera Communications's Asset Turnover

For the Telecom Services subindustry, Nuvera Communications'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.


Nuvera Communications's Asset Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Nuvera Communications's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Nuvera Communications's Asset Turnover falls into.



Nuvera Communications Asset Turnover Calculation

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

Nuvera Communications's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=65.792/( (217.315+263.895)/ 2 )
=65.792/240.605
=0.27

Nuvera Communications's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=16.945/( (263.895+262.382)/ 2 )
=16.945/263.1385
=0.06

* 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.

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.


Nuvera Communications  (OTCPK:NUVR) Asset Turnover Explanation

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

Nuvera Communications's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=2.944/98.404
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.944 / 67.78)*(67.78 / 263.1385)*(263.1385/ 98.404)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.34 %*0.2576*2.6741
=ROA %*Equity Multiplier
=1.12 %*2.6741
=2.99 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* 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.

** 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:

Nuvera Communications's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=2.944/263.1385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.944 / 67.78)*(67.78 / 263.1385)
=Net Margin %*Asset Turnover
=4.34 %*0.2576
=1.12 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* 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.


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.


Nuvera Communications Asset Turnover Related Terms

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


Nuvera Communications (Nuvera Communications) Business Description

Traded in Other Exchanges
N/A
Address
27 North Minnesota Street, New Ulm, MN, USA, 56073
Nuvera Communications Inc is a communications company. It provides Internet, digital TV, voice, and managed services such as web hosting and design, online file storage and others. It generates its revenue in the form of local services, network access, video, data, A-CAM/FUSF, and others. The company operates in the Communications Segment. The Communications Segment consists of voice, data and video communication services delivered to the customer over fiber communications network.
Executives
Glenn Zerbe officer: CEO/President 27 NORTH MINNESOTA STREET, NEW ULM MN 56073
Craig Steven Anderson officer: Chief Business Development Off P.O. BOX 697, NEW ULM MN 56073
James J Seifert director C/O BEMIS CO INC, 222 S. 9TH ST. #2300, MINNEAPOLIS MN 55402
Skillings Colleen R. director 36 WOODLAND DRIVE, NEW ULM MN 56073
Duane Lambrecht director
Wesley E Schultz director PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Suzanne M. Spellacy director 108 ALEXANDER COURT, MANKATO MN 56001
Barbara A Bornhoft officer: Vice President
Perry Meyer director RR 3 BOX 130, NEW ULM MN 56073
James P Jensen director
Curtis O. Kawlewski officer: CFO 3710 REED ROAD, ST, BONIFACIUS MN 55375
Dennis Miller director 18930 JASMINE ROAD, MANKATO MN 56001
Bill D Otis officer: CEO/President
Patricia L Matthews officer: Assistant Secretary
Mary Ellen Domeier director

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