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Energy Focus (Energy Focus) Asset Turnover : 0.24 (As of Dec. 2023)


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What is Energy Focus Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Energy Focus's Revenue for the three months ended in Dec. 2023 was $2.39 Mil. Energy Focus's Total Assets for the quarter that ended in Dec. 2023 was $9.80 Mil. Therefore, Energy Focus's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.

Asset Turnover is linked to ROE % through Du Pont Formula. Energy Focus's annualized ROE % for the quarter that ended in Dec. 2023 was -97.83%. It is also linked to ROA % through Du Pont Formula. Energy Focus's annualized ROA % for the quarter that ended in Dec. 2023 was -34.65%.


Energy Focus Asset Turnover Historical Data

The historical data trend for Energy Focus'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.

Energy Focus Asset Turnover Chart

Energy Focus 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 0.84 1.39 0.74 0.52 0.61

Energy Focus 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 0.07 0.11 0.12 0.14 0.24

Competitive Comparison of Energy Focus's Asset Turnover

For the Furnishings, Fixtures & Appliances subindustry, Energy Focus'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.


Energy Focus's Asset Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Energy Focus's Asset Turnover distribution charts can be found below:

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



Energy Focus Asset Turnover Calculation

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

Energy Focus'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 )
=5.717/( (8.498+10.2)/ 2 )
=5.717/9.349
=0.61

Energy Focus'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 )
=2.393/( (9.403+10.2)/ 2 )
=2.393/9.8015
=0.24

* 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.


Energy Focus  (NAS:EFOI) Asset Turnover Explanation

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

Energy Focus's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-3.396/3.4715
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.396 / 9.572)*(9.572 / 9.8015)*(9.8015/ 3.4715)
=Net Margin %*Asset Turnover*Equity Multiplier
=-35.48 %*0.9766*2.8234
=ROA %*Equity Multiplier
=-34.65 %*2.8234
=-97.83 %

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:

Energy Focus's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-3.396/9.8015
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.396 / 9.572)*(9.572 / 9.8015)
=Net Margin %*Asset Turnover
=-35.48 %*0.9766
=-34.65 %

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.


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.


Energy Focus Asset Turnover Related Terms

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


Energy Focus (Energy Focus) Business Description

Traded in Other Exchanges
Address
32000 Aurora Road, Suite B, Solon, OH, USA, 44139
Energy Focus Inc engages in the design, development, manufacturing, marketing, and sale of energy-efficient lighting systems and controls. It serves the military maritime market and general commercial markets. Its product offerings include Military maritime LED lighting products such as military intelligible, globe lights, berth lights, and military fixtures and Commercial products such as LED fixtures and panels, LED down-lights, LED dock lights, wall-packs, and LED retrofit kits. Geographically, it operates in the United States and other countries. Its products include Commercial products and MMM products. It generates a majority of its sales from Military maritime products in the United States.
Executives
Shou-jang Lee director 32000 AURORA RD., SUITE B, SOLON OH 44139
Randy Harrison Gianas officer: VP Operations & Engineering 32000 AURORA RD., SUITE B, SOLON OH 44139
Lesley A. Matt officer: Chief Executive Officer 32000 AURORA RD., SUITE B, SOLON OH 44139
Warren James Raymond Iii officer: SVP, GC & Corp. Secretary TUCKER ELLIS LLP, 925 EUCLID AVE., SUITE 1150, CLEVELAND OH 44115
Wen-jeng Chang director 32000 AURORA RD., SUITE B, SOLON OH 44139
Chiao Chieh Huang director, 10 percent owner 32000 AURORA RD., SUITE B, SOLON OH 44139
Gina Huang director, 10 percent owner C/O ENERGY FOCUS, INC., 32000 AURORA ROAD, SOLON OH 44139
Daas Kaj Den director EIFELLAAN #3, 5691 GW, SON EN BREUGEL P7 00000
Clifford R. Griffin officer: SVP, Corp. Controller & CAO 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Jeffery Robert Parker director ENERGY FOCUS, INC., 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Brian J Lagarto director 32000 AURORA RD., SUITE B, SOLON OH 44139
Gregory S Galluccio officer: Sr. VP, Product Mgmt & Engin. 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Philip Politziner director C/O JENSYN ACQUISTION CORP, 800 WEST MAIN STREET, SUITE 204, FREEHOLD NJ 07728
Stephen Socolof director C/O EVERSPIN TECHNOLOGIES, INC., 1347 N. ALMA SCHOOL ROAD, SUITE 220, CHANDLER AZ 85224
James Tu director, officer: Executive Chairman & CEO ENERGY FOCUS, INC., 32000 AURORA ROAD, SOLON OH 44139

Energy Focus (Energy Focus) Headlines

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