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United States Lime & Minerals (United States Lime & Minerals) Asset Turnover : 0.15 (As of Dec. 2023)


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What is United States Lime & Minerals Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. United States Lime & Minerals's Revenue for the three months ended in Dec. 2023 was $65.7 Mil. United States Lime & Minerals's Total Assets for the quarter that ended in Dec. 2023 was $432.3 Mil. Therefore, United States Lime & Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. United States Lime & Minerals's annualized ROE % for the quarter that ended in Dec. 2023 was 17.65%. It is also linked to ROA % through Du Pont Formula. United States Lime & Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was 15.73%.


United States Lime & Minerals Asset Turnover Historical Data

The historical data trend for United States Lime & Minerals'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.

United States Lime & Minerals Asset Turnover Chart

United States Lime & Minerals 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 0.64 0.61 0.64 0.69 0.70

United States Lime & Minerals 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 0.16 0.18 0.19 0.18 0.15

Competitive Comparison of United States Lime & Minerals's Asset Turnover

For the Building Materials subindustry, United States Lime & Minerals'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.


United States Lime & Minerals's Asset Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, United States Lime & Minerals's Asset Turnover distribution charts can be found below:

* The bar in red indicates where United States Lime & Minerals's Asset Turnover falls into.



United States Lime & Minerals Asset Turnover Calculation

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

United States Lime & Minerals'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 )
=281.33/( (367.772+440.602)/ 2 )
=281.33/404.187
=0.70

United States Lime & Minerals'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 )
=65.692/( (424.055+440.602)/ 2 )
=65.692/432.3285
=0.15

* 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.


United States Lime & Minerals  (NAS:USLM) Asset Turnover Explanation

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

United States Lime & Minerals's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=68/385.368
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(68 / 262.768)*(262.768 / 432.3285)*(432.3285/ 385.368)
=Net Margin %*Asset Turnover*Equity Multiplier
=25.88 %*0.6078*1.1219
=ROA %*Equity Multiplier
=15.73 %*1.1219
=17.65 %

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:

United States Lime & Minerals's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=68/432.3285
=(Net Income / Revenue)*(Revenue / Total Assets)
=(68 / 262.768)*(262.768 / 432.3285)
=Net Margin %*Asset Turnover
=25.88 %*0.6078
=15.73 %

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.


United States Lime & Minerals Asset Turnover Related Terms

Thank you for viewing the detailed overview of United States Lime & Minerals's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


United States Lime & Minerals (United States Lime & Minerals) Business Description

Traded in Other Exchanges
Address
5429 LBJ Freeway, Suite 230, Dallas, TX, USA, 75240
United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime, and lime slurry. It supplies primarily to the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), oil and gas services, roof shingle manufacturers and agriculture (including poultry and cattle feed producers) industries. The company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas.
Executives
Timothy Wade Stone other: Director - Sales & Marketing 5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Sandra C Duhe director 5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Timothy W Byrne director, officer: President & CEO 5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Nathan O'neill officer: Vice President 5429 LBJ FRWY; STE 230, DALLAS TX 75240
Bill Hughes officer: Senior Vice President 5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Hawkins Tom S Jr director 5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75420
John J Gagnon officer: Vice President 5429 LBJ FREEWAY; SUITE 230, DALLAS TX 75240
Inberdon Enterprises Ltd 10 percent owner 1020 789 WEST PENDER ST, VANCOUVER A1 00000
Edward A Odishaw director 5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
George Michel Doumet 10 percent owner #2201 - 2077 NELSON STREET, VANCOUVER A1 V6G 2Y2
Richard W Cardin director 5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
Ray M Harlin director
Michael L Wiedemer officer: VP & CFO 5429 LBJ FREEWAY, SUITE 230, DALLAS TX 75240
M Michael Owens officer: Vice President 5429 LBJ FREEWAY STE 230, DALLAS TX 75240
David Leymeister officer: Vice President 5711 PRESTON OAKS ROAD, #1433, DALLAS TX 75254

United States Lime & Minerals (United States Lime & Minerals) Headlines

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