EVOA (EVO Transportation & Energy Services) Asset Turnover: 0.71 (As of Dec. 2022)


EVOA EVO Transportation & Energy Services Inc EVOA
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What is EVO Transportation & Energy Services Asset Turnover?

EVO Transportation & Energy Services EVOA 12 Asset Turnover is 0.71 as of Dec. 2022. GuruFocus rates EVOA with a GF Score™ of 12/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. EVO Transportation & Energy Services's Revenue for the three months ended in Dec. 2022 was $86.6 Mil. EVO Transportation & Energy Services's Total Assets for the quarter that ended in Dec. 2022 was $121.3 Mil. Therefore, EVO Transportation & Energy Services's Asset Turnover for the quarter that ended in Dec. 2022 was 0.71.

Asset Turnover is linked to ROE % through Du Pont Formula. EVO Transportation & Energy Services's annualized ROE % for the quarter that ended in Dec. 2022 was 5.38%. It is also linked to ROA % through Du Pont Formula. EVO Transportation & Energy Services's annualized ROA % for the quarter that ended in Dec. 2022 was -1.15%.


EVO Transportation & Energy Services  (OTCPK:EVOA) Asset Turnover Explanation

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

EVO Transportation & Energy Services's annulized ROE % for the quarter that ended in Dec. 2022 is

ROE %**(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=-1.392/-25.8525
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.392 / 346.38)*(346.38 / 121.3285)*(121.3285/ -25.8525)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.4 %*2.8549*-4.6931
=ROA %*Equity Multiplier
=-1.15 %*-4.6931
=5.38 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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:

EVO Transportation & Energy Services's annulized ROA % for the quarter that ended in Dec. 2022 is

ROA %(Q: Dec. 2022 )
=Net Income/Total Assets
=-1.392/121.3285
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.392 / 346.38)*(346.38 / 121.3285)
=Net Margin %*Asset Turnover
=-0.4 %*2.8549
=-1.15 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.


EVO Transportation & Energy Services Asset Turnover Related Terms


EVO Transportation & Energy Services Asset Turnover Historical Data

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The historical data trend for EVO Transportation & Energy Services'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.

EVO Transportation & Energy Services Asset Turnover Chart

EVO Transportation & Energy Services Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 2.67 1.81 2.26 2.46

EVO Transportation & Energy Services Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.69 0.57 0.62 0.65 0.71

EVOA vs ATYG, CLTS, ETRXF: Asset Turnover Comparison

For the Trucking subindustry, EVO Transportation & Energy Services'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.


EVO Transportation & Energy Services Asset Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, EVO Transportation & Energy Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where EVO Transportation & Energy Services's Asset Turnover falls into.


EVOA
12GF Score
EVO Transportation & Energy Services Inc EVOA
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EVO Transportation & Energy Services Asset Turnover Calculation

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

EVO Transportation & Energy Services'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 )
=309.617/( (126.514+125.721)/ 2 )
=309.617/126.1175
=2.45

EVO Transportation & Energy Services's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=86.595/( (116.936+125.721)/ 2 )
=86.595/121.3285
=0.71

* 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 0.71 mean?
EVO Transportation & Energy Services (EVOA) has a Asset Turnover of 0.71 as of Dec. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on EVO Transportation & Energy Services and its competitors.
Is EVO Transportation & Energy Services' Asset Turnover too high?
EVO Transportation & Energy Services' current Asset Turnover is 0.71. Overall, EVO Transportation & Energy Services has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does EVO Transportation & Energy Services' Asset Turnover compare to ATYG and CLTS?
EVO Transportation & Energy Services' Asset Turnover of 0.71 can be compared against companies in the Transportation 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 Transportation company?
A good Asset Turnover depends on the Transportation 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 EVO Transportation & Energy Services and its competitors. EVO Transportation & Energy Services's current Asset Turnover is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EVO Transportation & Energy Services stock overvalued right now?
EVO Transportation & Energy Services (EVOA) has a current Asset Turnover of 0.71. The current Asset Turnover is 0.71. EVO Transportation & Energy Services' overall GF Score™ is 12/100. 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 EVO Transportation & Energy Services (EVOA), the current Asset Turnover is 0.71 as of Dec. 2022. 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.

EVO Transportation & Energy Services Business Description

Address 2075 West Pinnacle Peak Road, Suite 130, Phoenix, AZ, USA, 85027
EVO Transportation & Energy Services Inc is a holding company based in Peoria, Arizona. The company along with its subsidiaries is engaged in the business of acquiring, building, and operating public and private CNG fueling stations. The company's operating segments include Trucking and CNG Fueling Stations. Trucking is comprised of domestic freight trucking and surface transportation services. It generates maximum revenue from the Trucking segment.
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