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Correlate Energy (Correlate Energy) Asset Turnover : 0.11 (As of Mar. 2024)


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What is Correlate Energy Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Correlate Energy's Revenue for the three months ended in Mar. 2024 was $0.43 Mil. Correlate Energy's Total Assets for the quarter that ended in Mar. 2024 was $3.80 Mil. Therefore, Correlate Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Correlate Energy's annualized ROE % for the quarter that ended in Mar. 2024 was 397.96%. It is also linked to ROA % through Du Pont Formula. Correlate Energy's annualized ROA % for the quarter that ended in Mar. 2024 was -470.60%.


Correlate Energy Asset Turnover Historical Data

The historical data trend for Correlate Energy'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.

Correlate Energy Asset Turnover Chart

Correlate Energy 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 - 3.26 0.13 1.83 2.22

Correlate Energy 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 0.02 1.25 0.19 0.47 0.11

Competitive Comparison of Correlate Energy's Asset Turnover

For the Engineering & Construction subindustry, Correlate Energy'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.


Correlate Energy's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Correlate Energy's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Correlate Energy's Asset Turnover falls into.



Correlate Energy Asset Turnover Calculation

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

Correlate Energy'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 )
=7.563/( (2.257+4.561)/ 2 )
=7.563/3.409
=2.22

Correlate Energy'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 )
=0.433/( (4.561+3.048)/ 2 )
=0.433/3.8045
=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.


Correlate Energy  (OTCPK:CIPI) Asset Turnover Explanation

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

Correlate Energy's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-17.904/-4.499
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-17.904 / 1.732)*(1.732 / 3.8045)*(3.8045/ -4.499)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1033.72 %*0.4553*-0.8456
=ROA %*Equity Multiplier
=-470.60 %*-0.8456
=397.96 %

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:

Correlate Energy's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-17.904/3.8045
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-17.904 / 1.732)*(1.732 / 3.8045)
=Net Margin %*Asset Turnover
=-1033.72 %*0.4553
=-470.60 %

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.


Correlate Energy Asset Turnover Related Terms

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Correlate Energy (Correlate Energy) Business Description

Traded in Other Exchanges
N/A
Address
220 Travis Street, Suite 501, Shreveport, LA, USA, 71101
Correlate Energy Corp Formerly Correlate Infrastructure Partners Inc, together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in the United States. Through the company's true tech-enabled project development and financing platform, it provides portfolio energy optimization and clean energy solutions for sustainable profit growth in buildings nationwide.
Executives
Eli Albrecht director 176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702
Channing F. Chen officer: Chief Financial Officer 25 ARUNDEL RD, BURLINGAME CA 94010
G Robert Powell director P.O. BOX 1204, LAFAYETTE CA 94549
Matthew C Flemming director 18614 RESICA FALLS, HOUSTON TX 77094
Jason Loyet director 205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201
Todd Robert Michaels director, officer: CEO and President 3212 S. EAGLE BROOK LANE, EAGLE ID 83616
Hunt Cory Gerald director 939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7
Newton W. Dorsett 10 percent owner 220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Tim Burroughs officer: President, CEO 2717 SUN MEADOW DR, FLOWER MOUND TX 75022
Daniel R Robinson director 190 COYOTE COURT, ARGYLE TX 76226
Donald R Lawhorne director 2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080
Kenneth Conte officer: Chief Financial Officer 12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251
Charles David York officer: Executive Vice President 5004 JOSHUA DRIVE, FLOWER MOUND TX 75028
Sherri Cecotti officer: Vice President 3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234
Bernard O'donnell director 3505 WOODHAVEN DRIVE, DALLAS TX 75234

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