ERESW (East Resources Acquisition Co) Asset Turnover: 0.00 (As of Mar. 2023)

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ERESW East Resources Acquisition Co ERESW
21 GF Score
Price $0.28
! 2 Warning Signs
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What is East Resources Acquisition Co Asset Turnover?

East Resources Acquisition Co ERESW +3.61% 21 Asset Turnover is 0.00 as of Mar. 2023. GuruFocus rates ERESW with a GF Score™ of 21/100. The stock has 2 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. East Resources Acquisition Co's Revenue for the three months ended in Mar. 2023 was $0.00 Mil. East Resources Acquisition Co's Total Assets for the quarter that ended in Mar. 2023 was $64.50 Mil. Therefore, East Resources Acquisition Co's Asset Turnover for the quarter that ended in Mar. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. East Resources Acquisition Co's annualized ROE % for the quarter that ended in Mar. 2023 was -1.27%. It is also linked to ROA % through Du Pont Formula. East Resources Acquisition Co's annualized ROA % for the quarter that ended in Mar. 2023 was -0.89%.


East Resources Acquisition Co  (NAS:ERESW) Asset Turnover Explanation

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

East Resources Acquisition Co's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-0.576/45.206
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.576 / 0)*(0 / 64.497)*(64.497/ 45.206)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.4267
=ROA %*Equity Multiplier
=-0.89 %*1.4267
=-1.27 %

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

East Resources Acquisition Co's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=-0.576/64.497
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.576 / 0)*(0 / 64.497)
=Net Margin %*Asset Turnover
= %*0
=-0.89 %

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


East Resources Acquisition Co Asset Turnover Related Terms


East Resources Acquisition Co Asset Turnover Historical Data

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The historical data trend for East Resources Acquisition Co'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.

East Resources Acquisition Co Asset Turnover Chart

East Resources Acquisition Co Annual Data
Trend Dec20 Dec21 Dec22
Asset Turnover
0.00 0.00 0.00

East Resources Acquisition Co Quarterly Data
May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

ERESW vs PSPC, IVCB, CNDB: Asset Turnover Comparison

For the Shell Companies subindustry, East Resources Acquisition Co'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.


East Resources Acquisition Co Asset Turnover vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, East Resources Acquisition Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where East Resources Acquisition Co's Asset Turnover falls into.


ERESW
21GF Score
East Resources Acquisition Co ERESW
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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East Resources Acquisition Co Asset Turnover Calculation

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

East Resources Acquisition Co's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=0/( (345.994+99.374)/ 2 )
=0/222.684
=0.00

East Resources Acquisition Co's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=0/( (99.374+29.62)/ 2 )
=0/64.497
=0.00

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.00 mean?
East Resources Acquisition Co (ERESW) has a Asset Turnover of 0.00 as of Mar. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on East Resources Acquisition Co and its competitors.
Is East Resources Acquisition Co's Asset Turnover too high?
East Resources Acquisition Co's current Asset Turnover is 0.00. Overall, East Resources Acquisition Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does East Resources Acquisition Co's Asset Turnover compare to PSPC and IVCB?
East Resources Acquisition Co's Asset Turnover of 0.00 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Asset Turnover depends on the Diversified Financial Services 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 East Resources Acquisition Co and its competitors. East Resources Acquisition Co's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Resources Acquisition Co stock overvalued right now?
East Resources Acquisition Co (ERESW) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. East Resources Acquisition Co's overall GF Score™ is 21/100 with 2 warning signs to review. 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 East Resources Acquisition Co (ERESW), the current Asset Turnover is 0.00 as of Mar. 2023. 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.

East Resources Acquisition Co Business Description

Address 7777 NW Beacon Square Boulevard, Boca Raton, FL, USA, 33487
East Resources Acquisition Co is a blank check company.
21GF Score

Get the complete analysis for ERESW

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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