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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. Overseas Shipholding Group's Revenue for the three months ended in Mar. 2024 was $117.5 Mil. Overseas Shipholding Group's Total Assets for the quarter that ended in Mar. 2024 was $1,087.9 Mil. Therefore, Overseas Shipholding Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.
Asset Turnover is linked to ROE % through Du Pont Formula. Overseas Shipholding Group's annualized ROE % for the quarter that ended in Mar. 2024 was 16.34%. It is also linked to ROA % through Du Pont Formula. Overseas Shipholding Group's annualized ROA % for the quarter that ended in Mar. 2024 was 5.38%.
The historical data trend for Overseas Shipholding 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.
Overseas Shipholding Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.36 | 0.35 | 0.31 | 0.41 | 0.41 |
Overseas Shipholding Group 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 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 |
For the Oil & Gas Midstream subindustry, Overseas Shipholding 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 Oil & Gas industry and Energy sector, Overseas Shipholding Group's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Overseas Shipholding Group's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Overseas Shipholding Group'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 ) |
= | 451.871 | / | ( (1139.063 | + | 1078.884) | / 2 ) |
= | 451.871 | / | 1108.9735 | |||
= | 0.41 |
Overseas Shipholding Group'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 ) |
= | 117.497 | / | ( (1078.884 | + | 1096.84) | / 2 ) |
= | 117.497 | / | 1087.862 | |||
= | 0.11 |
* 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.
Overseas Shipholding Group (NYSE:OSG) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Overseas Shipholding Group's annulized ROE % for the quarter that ended in Mar. 2024 is
ROE %** | (Q: Mar. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 58.564 | / | 358.4635 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (58.564 / 469.988) | * | (469.988 / 1087.862) | * | (1087.862/ 358.4635) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 12.46 % | * | 0.432 | * | 3.0348 |
= | ROA % | * | Equity Multiplier | ||
= | 5.38 % | * | 3.0348 | ||
= | 16.34 % |
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:
Overseas Shipholding Group's annulized ROA % for the quarter that ended in Mar. 2024 is
ROA % | (Q: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 58.564 | / | 1087.862 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (58.564 / 469.988) | * | (469.988 / 1087.862) |
= | Net Margin % | * | Asset Turnover |
= | 12.46 % | * | 0.432 |
= | 5.38 % |
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.
Thank you for viewing the detailed overview of Overseas Shipholding Group's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Samuel H Norton | director, officer: President and CEO | 58 NE 44TH STREET, MIAMI FL 33133 |
Elaine Goodman Luria | director | 7421 GLENEAGLES RD, NORFOLK VA 23505 |
Douglas D Wheat | director, other: Chairman of the Board | C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Cyrus Capital Partners, L.p. | director, 10 percent owner, other: SEE REMARKS | 65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022 |
Gary Eugene Taylor | director | 814 NORTH BEACH BLVD., BAY ST. LOUIS MS 39520 |
Julie Silcock | director | |
Anja Manuel | director | C/O OVERSEAS SHIPHOLDING GROUP, INC., 302 KNIGHTS RUN AVENUE, TAMPA FL 33602 |
Joseph Isaac Kronsberg | director | 233 PACIFIC STREET, APT 4G, BROOKLYN NY 11201 |
Saltchuk Resources, Inc. | 10 percent owner | 450 ALASKAN WAY SOUTH, SUITE 708, SEATTLE WA 98104 |
Rebecca K Delaet | director | 34 BEACH AVENUE, LARCHMONT NY 10538 |
Ty Wallach | director | C/O PAULSON & CO INC., 1251 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Paulson & Co. Inc. | 10 percent owner | 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036 |
J Patrick Reddy | director | |
Susan Allan | officer: VP, General Counsel & Corp Sec | 302 KNIGHTS RUN AVENUE, SUITE 1200, TAMPA FL 33602 |
Richard Trueblood | officer: CFO | 10812 BULLRUSH TERRACE, LAKEWOOD RANCH FL 34202 |
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