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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Orbital Infrastructure Group's Revenue for the three months ended in Mar. 2023 was $80.2 Mil. Orbital Infrastructure Group's Total Assets for the quarter that ended in Mar. 2023 was $269.9 Mil. Therefore, Orbital Infrastructure Group's Asset Turnover for the quarter that ended in Mar. 2023 was 0.30.
Asset Turnover is linked to ROE % through Du Pont Formula. Orbital Infrastructure Group's annualized ROE % for the quarter that ended in Mar. 2023 was 54.53%. It is also linked to ROA % through Du Pont Formula. Orbital Infrastructure Group's annualized ROA % for the quarter that ended in Mar. 2023 was -29.89%.
The historical data trend for Orbital Infrastructure Group'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.
Orbital Infrastructure Group Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.26 | 0.35 | 0.33 | 0.35 | 0.94 |
Orbital Infrastructure Group Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Asset Turnover | Get a 7-Day Free Trial | 0.17 | 0.23 | 0.28 | 0.20 | 0.30 |
For the Engineering & Construction subindustry, Orbital Infrastructure Group'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.
For the Construction industry and Industrials sector, Orbital Infrastructure Group's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Orbital Infrastructure Group's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Orbital Infrastructure Group's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 322.217 | / | ( (412.339 | + | 271.571) | / 2 ) |
= | 322.217 | / | 341.955 | |||
= | 0.94 |
Orbital Infrastructure Group's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2023 ) | / | ( (Total Assets (Q: Dec. 2022 ) | + | Total Assets (Q: Mar. 2023 )) | / count ) |
= | 80.186 | / | ( (271.571 | + | 268.213) | / 2 ) |
= | 80.186 | / | 269.892 | |||
= | 0.30 |
* 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.
Orbital Infrastructure Group (OTCPK:OIGBQ) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Orbital Infrastructure Group's annulized ROE % for the quarter that ended in Mar. 2023 is
ROE %** | (Q: Mar. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -80.66 | / | -147.913 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-80.66 / 320.744) | * | (320.744 / 269.892) | * | (269.892/ -147.913) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -25.15 % | * | 1.1884 | * | -1.8247 |
= | ROA % | * | Equity Multiplier | ||
= | -29.89 % | * | -1.8247 | ||
= | 54.53 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) 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:
Orbital Infrastructure Group's annulized ROA % for the quarter that ended in Mar. 2023 is
ROA % | (Q: Mar. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -80.66 | / | 269.892 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-80.66 / 320.744) | * | (320.744 / 269.892) |
= | Net Margin % | * | Asset Turnover |
= | -25.15 % | * | 1.1884 |
= | -29.89 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) 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.
Thank you for viewing the detailed overview of Orbital Infrastructure Group's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Steve Cochennet | director | 4500 GREENWICH PLACE, AMARILLO TX 79119 |
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Nicholas M Grindstaff | officer: Chief Financial Officer | QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175 |
La Doris Harris | officer: CDO and CEO OSS | ORBITAL ENERGY GROUP, INC., 1924 ALDINE WESTERN, HOUSTON TX 77038-1204 |
Jerry Sue Thornton | director | C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920 |
Laforrest V Williams | director | 1924 ALDINE WESTERN, HOUSTON TX 77038-1204 |
Paul T Addison | director | C/O FIRSTENERGY CORP., 76 S. MAIN ST., AKRON OH 44308 |
Daniel Ned Ford | officer: Chief Financial Officer | 20050 SW 112TH AVENUE, TUALATIN OR 97062 |
William J Clough | director, officer: President/CEO | 200 9TH AVENUE NORTH, SUITE 210, SAFETY HARBOR FL 34695 |
Sarah Tucker | director | 1707 1/2 POST OAK BLVD, HOUSTON TX 77056 |
Paul Dwayne White | director | 3271 SWEET DR, LAFAYETTE CA 94549 |
Matthew Murdock Mckenzie | director, officer: Corporate Secretary | 13120 SW BEDFORD ST, TIGARD OR 97224 |
Sean P Rooney | director | 20050 SW 112 AVENUE, TUALATIN OR 97062 |
Thomas A Price | director | 601 BRANNAN STREET, SAN FRANCISCO CA 94107 |
Joseph A Mills | director | EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968 |
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