Texon Petroleum Limited (ASX:TXN) Asset Turnover : 0.00 (As of . 20)

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What is Texon Petroleum Limited Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Texon Petroleum Limited's Revenue for the three months ended in . 20 was A$ Mil. Texon Petroleum Limited's Total Assets for the quarter that ended in . 20 was A$ Mil. Therefore, Texon Petroleum Limited's Asset Turnover for the quarter that ended in . 20 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Texon Petroleum Limited's annualized ROE % for the quarter that ended in . 20 was %. It is also linked to ROA % through Du Pont Formula. Texon Petroleum Limited's annualized ROA % for the quarter that ended in . 20 was %.

Texon Petroleum Limited Asset Turnover Historical Data

The historical data trend for Texon Petroleum Limited'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.

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Texon Petroleum Limited Asset Turnover Chart

Texon Petroleum Limited Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Asset Turnover

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0.03

0.36

0.34

0.48

0.35

Texon Petroleum Limited Quarterly Data

Asset Turnover

Competitive Comparison of Texon Petroleum Limited's Asset Turnover

For the Oil & Gas E&P subindustry, Texon Petroleum Limited'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.

Texon Petroleum Limited's Asset Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Texon Petroleum Limited's Asset Turnover falls into.

Texon Petroleum Limited Asset Turnover Calculation

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

Texon Petroleum Limited's Asset Turnover for the fiscal year that ended in Dec. 2011 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2011 )	/	( (Total Assets (A: Dec. 2010 )	+	Total Assets (A: Dec. 2011 ))	/ count )
=	21.289	/	( (39.618	+	81.242)	/ 2 )
=	21.289	/	60.43
=	0.35

Texon Petroleum Limited's Asset Turnover for the quarter that ended in . 20 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: . 20 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: . 20 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

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.

Texon Petroleum Limited (ASX:TXN) Asset Turnover Explanation

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

Texon Petroleum Limited's annulized ROE % for the quarter that ended in . 20 is

	ROE %^**		(Q: . 20 )
=	Net Income	/	Total Stockholders Equity
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	( / )	*	( / )	*	(/ )
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*		*
=	ROA %	*	Equity Multiplier
=	%	*
=	%

Note: The Net Income data used here is four times the quarterly (. 20) net income data. The Revenue data used here is four times the quarterly (. 20) 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:

Texon Petroleum Limited's annulized ROA % for the quarter that ended in . 20 is

	ROA %		(Q: . 20 )
=	Net Income	/	Total Assets
=		/
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	( / )	*	( / )
=	Net Margin %	*	Asset Turnover
=	%	*
=	%

Note: The Net Income data used here is four times the quarterly (. 20) net income data. The Revenue data used here is four times the quarterly (. 20) 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.

Texon Petroleum Limited Asset Turnover Related Terms

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