Athlon Energy (FRA:28A) Asset Turnover : 0.06 (As of Sep. 2014)

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What is Athlon Energy Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Athlon Energy's Revenue for the three months ended in Sep. 2014 was €128.8 Mil. Athlon Energy's Total Assets for the quarter that ended in Sep. 2014 was €2,212.3 Mil. Therefore, Athlon Energy's Asset Turnover for the quarter that ended in Sep. 2014 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Athlon Energy's annualized ROE % for the quarter that ended in Sep. 2014 was 23.41%. It is also linked to ROA % through Du Pont Formula. Athlon Energy's annualized ROA % for the quarter that ended in Sep. 2014 was 10.20%.

Athlon Energy Asset Turnover Historical Data

The historical data trend for Athlon Energy'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.

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Athlon Energy Asset Turnover Chart

Athlon Energy Annual Data

Trend

Dec11

Dec12

Dec13

Asset Turnover

0.12

0.22

0.27

Athlon Energy Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Asset Turnover	Get a 7-Day Free Trial			0.08	0.07	0.07	0.07	0.06

Competitive Comparison of Athlon Energy's Asset Turnover

For the Oil & Gas E&P subindustry, Athlon Energy'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.

Athlon Energy's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Athlon Energy's Asset Turnover distribution charts can be found below:

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

Athlon Energy Asset Turnover Calculation

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

Athlon Energy's Asset Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2013 )	/	( (Total Assets (A: Dec. 2012 )	+	Total Assets (A: Dec. 2013 ))	/ count )
=	218.542	/	( (649.451	+	989.479)	/ 2 )
=	218.542	/	819.465
=	0.27

Athlon Energy's Asset Turnover for the quarter that ended in Sep. 2014 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2014 )	/	( (Total Assets (Q: Jun. 2014 )	+	Total Assets (Q: Sep. 2014 ))	/ count )
=	128.848	/	( (2029.011	+	2395.603)	/ 2 )
=	128.848	/	2212.307
=	0.06

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.

Athlon Energy (FRA:28A) Asset Turnover Explanation

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

Athlon Energy's annulized ROE % for the quarter that ended in Sep. 2014 is

	ROE %^**		(Q: Sep. 2014 )
=	Net Income	/	Total Stockholders Equity
=	225.64	/	963.807
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(225.64 / 515.392)	*	(515.392 / 2212.307)	*	(2212.307/ 963.807)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	43.78 %	*	0.233	*	2.2954
=	ROA %	*	Equity Multiplier
=	10.20 %	*	2.2954
=	23.41 %

Note: The Net Income data used here is four times the quarterly (Sep. 2014) net income data. The Revenue data used here is four times the quarterly (Sep. 2014) revenue data.

^** 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:

Athlon Energy's annulized ROA % for the quarter that ended in Sep. 2014 is

	ROA %		(Q: Sep. 2014 )
=	Net Income	/	Total Assets
=	225.64	/	2212.307
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(225.64 / 515.392)	*	(515.392 / 2212.307)
=	Net Margin %	*	Asset Turnover
=	43.78 %	*	0.233
=	10.20 %

Note: The Net Income data used here is four times the quarterly (Sep. 2014) net income data. The Revenue data used here is four times the quarterly (Sep. 2014) revenue data.

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.

Athlon Energy Asset Turnover Related Terms

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Athlon Energy (FRA:28A) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.athlonenergy.com

Athlon Energy Inc was founded in August 2010 and formed on April 1, 2013 as a Delaware corporation. The Company is an independent exploration and production company engaged in the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The Permian Basin spans portions of Texas and New Mexico and is composed of three primary sub-basins: the Delaware Basin, the Central Basin Platform, and the Midland Basin. All of the properties are located in the Midland Basin. The Company's drilling activity is primarily engaged in the low-risk vertical development of stacked pay zones, including the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, Atoka, and Mississippian formations, referred to as the Wolfberry play, and horizontal development of the Wolfcamp. As of December 31, 2013, it had identified 2,232 gross vertical drilling locations on 40-acre spacing and an additional 2,616 gross vertical drilling locations on 20-acre spacing. Only 659 gross of these potential vertical drilling locations were booked as proved undeveloped reserves. As of December 31, 2013, it had also identified 1,065 gross horizontal drilling locations targeting Wolfcamp A, Wolfcamp B, Wolfcamp C, and Cline intervals, which comprise 327 gross, 362 gross, 136 gross, and 240 gross locations, respectively. Its acreage position was 127,840 gross acres at December 31, 2013. As of December 31, 2013, it had 127.3 MMBOE of proved reserves, comprised of 71.2 MMBbls of oil, 30.7 MMBbls of NGLs, and 152.2 Bcf of natural gas. The Company's facilities located at well locations include field gathering systems, storage tank batteries, saltwater disposal systems, oil/gas/water separation equipment, and pumping units. It owns 10 saltwater disposal systems with over 45,700 barrels of water per day capacity and access to over 144 fresh water supply wells throughout its acreage.

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