Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. ENGlobal's Revenue for the
three
months ended in Sep. 2024 was $5.68 Mil. ENGlobal's Total Assets for the quarter that ended in Sep. 2024 was $14.02 Mil. Therefore, ENGlobal's Asset Turnover for the quarter that ended in Sep. 2024 was 0.41.
Asset Turnover is linked to ROE % through Du Pont Formula. ENGlobal's annualizedROE % for the quarter that ended in Sep. 2024 was 47.71%. It is also linked to ROA % through Du Pont Formula. ENGlobal's annualizedROA % for the quarter that ended in Sep. 2024 was -14.26%.
ENGlobal (OTCPK:ENGC) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
ENGlobal's annulizedROE % for the quarter that ended in Sep. 2024 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
ENGlobal's annulizedROA % for the quarter that ended in Sep. 2024 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
ENGlobal Asset Turnover Related Terms
ENGlobal Asset Turnover Historical Data
* Premium members only.
The historical data trend for ENGlobal'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.
ENGC vs KAST, CCAJ, SODE: Asset Turnover Comparison
For the Engineering & Construction subindustry, ENGlobal'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.
ENGlobal Asset Turnover vs Construction Industry
For the Construction industry and Industrials sector, ENGlobal's Asset Turnover distribution charts can be found below:
* The bar in red indicates where ENGlobal's Asset Turnover falls into.
* 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.
ENGlobal (ENGC) has a Asset Turnover of 0.41 as of Sep. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on ENGlobal and its competitors.
Is ENGlobal's Asset Turnover too high?
ENGlobal's current Asset Turnover is 0.41. Overall, ENGlobal has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ENGlobal's Asset Turnover compare to KAST and CCAJ?
ENGlobal's Asset Turnover of 0.41 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Construction company?
A good Asset Turnover depends on the Construction industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on ENGlobal and its competitors. ENGlobal's current Asset Turnover is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENGlobal stock overvalued right now?
ENGlobal (ENGC) has a current Asset Turnover of 0.41. The current Asset Turnover is 0.41. ENGlobal's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For ENGlobal (ENGC), the current Asset Turnover is 0.41 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
ENGlobal Corp engages in providing engineering and professional services to the energy industry. The company operates through two segments Commercial and Government Services. The Commercial segment derives revenue on contracts from time-and-material fees charged for professional and technical services. The Government segment provides services related to the design, integration and implementation of process distributed control and analyzer systems, advanced automated data gathering systems, information technology and the maintenance of these systems to the U.S. Government globally.
16GF Score
Get the complete analysis for ENGC
Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ENGC has been successfully added to your 
