GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Regency Energy Partners LP (FRA:R3P) » Definitions » Asset Turnover

Regency Energy Partners LP (FRA:R3P) Asset Turnover : 0.09 (As of Dec. 2014)


View and export this data going back to . Start your Free Trial

What is Regency Energy Partners LP Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Regency Energy Partners LP's Revenue for the three months ended in Dec. 2014 was €1,157 Mil. Regency Energy Partners LP's Total Assets for the quarter that ended in Dec. 2014 was €13,601 Mil. Therefore, Regency Energy Partners LP's Asset Turnover for the quarter that ended in Dec. 2014 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Regency Energy Partners LP's annualized ROE % for the quarter that ended in Dec. 2014 was -11.11%. It is also linked to ROA % through Du Pont Formula. Regency Energy Partners LP's annualized ROA % for the quarter that ended in Dec. 2014 was -6.20%.


Regency Energy Partners LP Asset Turnover Historical Data

The historical data trend for Regency Energy Partners LP'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.

Regency Energy Partners LP Asset Turnover Chart

Regency Energy Partners LP Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.28 0.29 0.29 0.40

Regency Energy Partners LP Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 0.08 0.07 0.08 0.09 0.09

Competitive Comparison of Regency Energy Partners LP's Asset Turnover

For the Oil & Gas Midstream subindustry, Regency Energy Partners LP'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.


Regency Energy Partners LP's Asset Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Regency Energy Partners LP's Asset Turnover falls into.



Regency Energy Partners LP Asset Turnover Calculation

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

Regency Energy Partners LP's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=4015.261/( (6410.86+13870.533)/ 2 )
=4015.261/10140.6965
=0.40

Regency Energy Partners LP's Asset Turnover for the quarter that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2014 )/( (Total Assets (Q: Sep. 2014 )+Total Assets (Q: Dec. 2014 ))/ count )
=1157.297/( (13331.68+13870.533)/ 2 )
=1157.297/13601.1065
=0.09

* 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.


Regency Energy Partners LP  (FRA:R3P) Asset Turnover Explanation

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

Regency Energy Partners LP's annulized ROE % for the quarter that ended in Dec. 2014 is

ROE %**(Q: Dec. 2014 )
=Net Income/Total Stockholders Equity
=-843.44/7591.5695
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-843.44 / 4629.188)*(4629.188 / 13601.1065)*(13601.1065/ 7591.5695)
=Net Margin %*Asset Turnover*Equity Multiplier
=-18.22 %*0.3404*1.7916
=ROA %*Equity Multiplier
=-6.20 %*1.7916
=-11.11 %

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

Regency Energy Partners LP's annulized ROA % for the quarter that ended in Dec. 2014 is

ROA %(Q: Dec. 2014 )
=Net Income/Total Assets
=-843.44/13601.1065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-843.44 / 4629.188)*(4629.188 / 13601.1065)
=Net Margin %*Asset Turnover
=-18.22 %*0.3404
=-6.20 %

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


Regency Energy Partners LP Asset Turnover Related Terms

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


Regency Energy Partners LP (FRA:R3P) Business Description

Traded in Other Exchanges
N/A
Address
Website
Regency Energy Partners LP was incorporated in Delaware on September 8, 2005. The Company is engaged in the gathering and processing, compression, treating and transportation of natural gas and the transportation, fractionation and storage of NGLs. Its assets are mainly located in Texas, Louisiana, Arkansas, Pennsylvania, California, Mississippi, Alabama, New Mexico and the mid-continent region of the United States, which includes Kansas, Colorado and Oklahoma. The Company is divided into five business segments; Gathering and Processing, Natural Gas Transportation, NGL Services, Contract Services and Corporate. The Gathering and Processing - provide "wellhead-to-market" services to producers of natural gas, which include transporting raw natural gas from the wellhead through gathering systems, processing raw natural gas to separate NGLs from the raw natural gas and selling or delivering the pipeline-quality natural gas and NGLs to various markets and pipeline systems. Natural Gas Transportation, NGL Services, Contract Services - owns and operates a fleet of compressors used to provide turn-key natural gas compression services for customer specific systems and Corporate comprises of corporate offices. It operates gathering and processing assets in four geographic regions of the United States: North Louisiana, the mid-continent region of the United States, south Texas and west Texas. The pipeline-quality natural gas remaining after separation of NGLs through processing is either returned to the producer or sold, for its own account or for the account of the producer, at the tailgates of its processing plants for delivery to interstate or intrastate gas transportation pipelines. The Company faces competition in each region in acquiring new gas supplies. The Company is subject to rules and regulations set forth by the Louisiana Department of Natural Resources.

Regency Energy Partners LP (FRA:R3P) Headlines

No Headlines