InterOil (InterOil) Asset Turnover : 0.01 (As of Sep. 2016)

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What is InterOil Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. InterOil's Revenue for the three months ended in Sep. 2016 was $7.16 Mil. InterOil's Total Assets for the quarter that ended in Sep. 2016 was $1,164.24 Mil. Therefore, InterOil's Asset Turnover for the quarter that ended in Sep. 2016 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. InterOil's annualized ROE % for the quarter that ended in Sep. 2016 was -14.04%. It is also linked to ROA % through Du Pont Formula. InterOil's annualized ROA % for the quarter that ended in Sep. 2016 was -8.82%.

InterOil Asset Turnover Historical Data

The historical data trend for InterOil'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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InterOil Asset Turnover Chart

InterOil Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Asset Turnover

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1.09

0.01

0.02

InterOil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Asset Turnover	Get a 7-Day Free Trial															0.01	0.01	-	-0.01	0.01

Competitive Comparison of InterOil's Asset Turnover

For the Oil & Gas Refining & Marketing subindustry, InterOil'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.

InterOil's Asset Turnover Distribution in the Oil & Gas Industry

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

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

InterOil Asset Turnover Calculation

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

InterOil's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2015 )	/	( (Total Assets (A: Dec. 2014 )	+	Total Assets (A: Dec. 2015 ))	/ count )
=	23.083	/	( (1340.13	+	1191.395)	/ 2 )
=	23.083	/	1265.7625
=	0.02

InterOil's Asset Turnover for the quarter that ended in Sep. 2016 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2016 )	/	( (Total Assets (Q: Jun. 2016 )	+	Total Assets (Q: Sep. 2016 ))	/ count )
=	7.164	/	( (1150.086	+	1178.399)	/ 2 )
=	7.164	/	1164.2425
=	0.01

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.

InterOil (NYSE:IOC) Asset Turnover Explanation

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

InterOil's annulized ROE % for the quarter that ended in Sep. 2016 is

	ROE %^**		(Q: Sep. 2016 )
=	Net Income	/	Total Stockholders Equity
=	-102.728	/	731.7295
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-102.728 / 28.656)	*	(28.656 / 1164.2425)	*	(1164.2425/ 731.7295)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-358.49 %	*	0.0246	*	1.5911
=	ROA %	*	Equity Multiplier
=	-8.82 %	*	1.5911
=	-14.04 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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:

InterOil's annulized ROA % for the quarter that ended in Sep. 2016 is

	ROA %		(Q: Sep. 2016 )
=	Net Income	/	Total Assets
=	-102.728	/	1164.2425
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-102.728 / 28.656)	*	(28.656 / 1164.2425)
=	Net Margin %	*	Asset Turnover
=	-358.49 %	*	0.0246
=	-8.82 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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.

InterOil Asset Turnover Related Terms

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InterOil (InterOil) Business Description

Industry

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Address

Website

http://www.interoil.com

InterOil Corp is incorporated and domiciled in Canada and continued under the Business Corporations Act on August 24, 2007. The Company, together with its subsidiaries, is engaged in the exploration and production of oil and gas properties in Papua New Guinea and its surrounding region. Its operations are organized into four business segments: Upstream, Midstream, Downstream and Corporate. Upstream segment explores, appraises and develops hydrocarbon structures in Papua New Guinea with a view to commercializing, monetizing and developing oil and gas structures through production facilities. Midstream segment produces refined petroleum products at Napa Napa in Port Moresby, Papua New Guinea for the domestic market and for export markets. Downstream segment markets and distributes refined petroleum products domestically in Papua New Guinea on a wholesale and retail basis. Corporate segment provides support to the other business segments by engaging in business development and improvement activities and providing general and administrative services and management, undertakes financing and treasury activities, and is responsible for government affairs and investor relations. Corporate segment also manages Company's shipping business which operates two vessels transporting petroleum products within Papua New Guinea and South Pacific. The Company sells jet fuel, diesel and gasoline to domestic distributors in Papua New Guinea. The Company's main domestic customer is its Downstream distribution business segment, however the Company also distribute fuel products to Niugini Oil Company, Islands Petroleum, Exxon Mobil and Bige Petroleum. The Company's main competitor in the wholesale and retail distribution business in Papua New Guinea is ExxonMobil. The Company also competes with smaller local distributors of petroleum products. The Company is subject to an environmental law regime.