ICP (IC Power) Asset Turnover: 0.10 (As of Sep. 2016)

What is IC Power Asset Turnover?

IC Power ICP Asset Turnover is 0.10 as of Sep. 2016.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. IC Power's Revenue for the three months ended in Sep. 2016 was $502.08 Mil. IC Power's Total Assets for the quarter that ended in Sep. 2016 was $4,847.40 Mil. Therefore, IC Power's Asset Turnover for the quarter that ended in Sep. 2016 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. IC Power's annualized ROE % for the quarter that ended in Sep. 2016 was 0.45%. It is also linked to ROA % through Du Pont Formula. IC Power's annualized ROA % for the quarter that ended in Sep. 2016 was 0.06%.

IC Power (NYSE:ICP) Asset Turnover Explanation

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

IC Power's annulized ROE % for the quarter that ended in Sep. 2016 is

	ROE %^**		(Q: Sep. 2016 )
=	Net Income	/	Total Stockholders Equity
=	2.748	/	613.5215
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(2.748 / 2008.32)	*	(2008.32 / 4847.4005)	*	(4847.4005/ 613.5215)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	0.14 %	*	0.4143	*	7.9009
=	ROA %	*	Equity Multiplier
=	0.06 %	*	7.9009
=	0.45 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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:

IC Power's annulized ROA % for the quarter that ended in Sep. 2016 is

	ROA %		(Q: Sep. 2016 )
=	Net Income	/	Total Assets
=	2.748	/	4847.4005
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(2.748 / 2008.32)	*	(2008.32 / 4847.4005)
=	Net Margin %	*	Asset Turnover
=	0.14 %	*	0.4143
=	0.06 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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.

IC Power Asset Turnover Related Terms

IC Power Asset Turnover Historical Data

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The historical data trend for IC Power's Asset Turnover can be seen below:

IC Power Asset Turnover Chart

IC Power Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Asset Turnover

0.00

0.29

0.40

0.33

IC Power Quarterly Data
	Dec12	Dec13	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Asset Turnover	Get a 7-Day Free Trial							0.08	0.07	0.10	0.10	0.10

ICP vs CETY, QPWR, PSPW: Asset Turnover Comparison

For the Utilities - Independent Power Producers subindustry, IC Power'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.

IC Power Asset Turnover vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, IC Power's Asset Turnover distribution charts can be found below:

* The bar in red indicates where IC Power's Asset Turnover falls into.

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IC Power Asset Turnover Calculation

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

IC Power's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2015 )	/	( (Total Assets (A: Dec. 2014 )	+	Total Assets (A: Dec. 2015 ))	/ count )
=	1288.739	/	( (3841.637	+	4091.514)	/ 2 )
=	1288.739	/	3966.5755
=	0.32

IC Power's Asset Turnover for the quarter that ended in Sep. 2016 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2016 )	/	( (Total Assets (Q: Jun. 2016 )	+	Total Assets (Q: Sep. 2016 ))	/ count )
=	502.08	/	( (4728.558	+	4966.243)	/ 2 )
=	502.08	/	4847.4005
=	0.10

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 0.10 mean?

IC Power (ICP) has a Asset Turnover of 0.10 as of Sep. 2016. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on IC Power and its competitors.

Is IC Power's Asset Turnover too high?

IC Power's current Asset Turnover is 0.10.

How does IC Power's Asset Turnover compare to CETY and QPWR?

IC Power's Asset Turnover of 0.10 can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?

A good Asset Turnover depends on the Utilities - Independent Power Producers 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 IC Power and its competitors. IC Power's current Asset Turnover is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is IC Power stock overvalued right now?

IC Power (ICP) has a current Asset Turnover of 0.10. The current Asset Turnover is 0.10. 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 IC Power (ICP), the current Asset Turnover is 0.10 as of Sep. 2016. 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.

IC Power Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies CETY QPWR PSPW FCEL SKYS HTM ELLO MXGFF CWGYF RAMPF MGMXF AT MCQPF EWCLF GLBL DYN INGXF CAFD BRLXF LGSXY

IC Power Pte Ltd is a holding company incorporated under the laws of Singapore in May 2015. The Company through its subsidiaries owns, develops and operates power facilities located in power generation markets in Latin America, the Caribbean and Israel, utilizing a range of fuels, including natural gas, hydroelectric, HFO, diesel and wind. The Company has installed capacity of approximately 2,642 MW. The Company operates in geographical areas including Peru; Israel; Central America including Nicaragua, Guatemala, El Salvador & Panama; and other including Bolivia, Chile, Jamaica, Colombia & Dominican Republic. The Company owns, operates and develops power plants to generate and sell electricity to distribution companies and unregulated consumers under long-term PPAs and to the spot market. The Company Peru segment includes Kallpa I, Kallpa II, Kallpa III, Kallpa IV and Las Flores turbines. The Israel segment includes OPC plant. The Central America segment includes Corinto, Tipitapa Power, Amayo I, and Amayo II in Nicaragua; Puerto Quetzal plant in Guatemala; Nejapa plant in El Salvador, and Kanan plant in Panama. The Other segment includes Zongo Valley plants including Zongo, Tiquimani, Botijlaca, Cutichucho, Santa Rosa, Sainani, Chururaqui, Harca, Cahua, & Huaji; and Miguillas Valley plants including Miguillas, Angostura, Choquetanga, Carabuco, and El Alto-Kenko all in Bolivia; Central Cardones plant in Chile; Colmito plant in Colmito; CEPP I & CEPP II in Dominican Republic; JPPC plant in Jamaica; La Hocha, PurificaciÃ³n, and Entrerios plants in Colombia; Pedregal in Panama. The Company offers services to governments, local distribution companies, and/or non-regulated consumers, depending upon the operating company and the particular country of operation. Its customers include Edelnor S.A.A., Luz del Sur S.A.A., Hidrandina S.A., EdecaÃ±ete S.A., Electro Sur Este S.A.A., Sociedad ElÃ©ctrica del Sur Oeste, S.A., Distribuidora de Electricidad del Norte S.A., Distribuidora de Electricidad del Sur S.A., Southern PerÃº Copper Corporation, Empresa de DistribuciÃ³n ElÃ©ctrica Chiriqui, S.A., Peruvian Investment Promotion Agency, Empresa de DistribuciÃ³n ElÃ©ctrica Metro Oeste S.A., and others. The Company's competitors include IEC, Dorad Energy Ltd., and other IPPs. The Company's business is subject to significant and diverse government regulation.