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NACCO Industries (NACCO Industries) Asset Turnover : 0.10 (As of Dec. 2023)


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What is NACCO Industries Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. NACCO Industries's Revenue for the three months ended in Dec. 2023 was $56.8 Mil. NACCO Industries's Total Assets for the quarter that ended in Dec. 2023 was $560.3 Mil. Therefore, NACCO Industries's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. NACCO Industries's annualized ROE % for the quarter that ended in Dec. 2023 was -43.38%. It is also linked to ROA % through Du Pont Formula. NACCO Industries's annualized ROA % for the quarter that ended in Dec. 2023 was -31.39%.


NACCO Industries Asset Turnover Historical Data

The historical data trend for NACCO Industries'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.

NACCO Industries Asset Turnover Chart

NACCO Industries 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 0.34 0.28 0.39 0.45 0.39

NACCO Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.11 0.09 0.11 0.08 0.10

Competitive Comparison of NACCO Industries's Asset Turnover

For the Thermal Coal subindustry, NACCO Industries'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.


NACCO Industries's Asset Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, NACCO Industries's Asset Turnover distribution charts can be found below:

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



NACCO Industries Asset Turnover Calculation

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

NACCO Industries'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 )
=214.794/( (568.072+539.708)/ 2 )
=214.794/553.89
=0.39

NACCO Industries's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=56.757/( (580.903+539.708)/ 2 )
=56.757/560.3055
=0.10

* 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.


NACCO Industries  (NYSE:NC) Asset Turnover Explanation

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

NACCO Industries's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-175.868/405.3925
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-175.868 / 227.028)*(227.028 / 560.3055)*(560.3055/ 405.3925)
=Net Margin %*Asset Turnover*Equity Multiplier
=-77.47 %*0.4052*1.3821
=ROA %*Equity Multiplier
=-31.39 %*1.3821
=-43.38 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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:

NACCO Industries's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-175.868/560.3055
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-175.868 / 227.028)*(227.028 / 560.3055)
=Net Margin %*Asset Turnover
=-77.47 %*0.4052
=-31.39 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


NACCO Industries Asset Turnover Related Terms

Thank you for viewing the detailed overview of NACCO Industries's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


NACCO Industries (NACCO Industries) Business Description

Traded in Other Exchanges
N/A
Address
5875 Landerbrook Drive, Suite 220, Cleveland, OH, USA, 44124-4069
NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments that are coal mining, North American mining (NA mining), and minerals management. The majority of its revenue is from the coal mining segment. That segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NA mining segment provides value-add contract mining and services for producers. Minerals management generates income from royalty-based leases by acquiring and promoting oil, gas, and coal mineral interests. The company is diversifying beyond coal mining due to political and economic pressures associated with carbon emissions.
Executives
Valerie Gentile Sachs director 5555 DARROW RD, HUDSON OH 44236
Trust F/b/o Paige J. Rankin 8/26/2016 other: Member of a Group 103 MARION AVENUE, LAKE FOREST IL 60045
Paige J. Rankin other: Member of a Group 103 MARION AVENUE, FOREST LAKE IL 60045
Miles B Haberer officer: Assoc Gen Counsel & Assist Sec 5340 LEGACY DRIVE, BUILDING 1 SUITE 300, PLANO TX 75024
Butler John C Jr officer: VP-Corp Dev and Treasurer 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin other: NMHG Dir and Member of Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams other: Member of a group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams other: Member of a group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Roger F Rankin other: Member of a group C/O NACCO INDUSTRIES INC, 5875 LANDERBROOK DRIVE, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al director, officer: Dir CEO Group Member, other: Dir CEO Group Member 5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Rankin Corbin other: Member of a group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Alison A Rankin other: Member of a group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124