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Infrastructure and Energy Alternatives (Infrastructure and Energy Alternatives) Asset Turnover : 0.73 (As of Jun. 2022)


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What is Infrastructure and Energy Alternatives Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Infrastructure and Energy Alternatives's Revenue for the three months ended in Jun. 2022 was $681 Mil. Infrastructure and Energy Alternatives's Total Assets for the quarter that ended in Jun. 2022 was $938 Mil. Therefore, Infrastructure and Energy Alternatives's Asset Turnover for the quarter that ended in Jun. 2022 was 0.73.

Asset Turnover is linked to ROE % through Du Pont Formula. Infrastructure and Energy Alternatives's annualized ROE % for the quarter that ended in Jun. 2022 was 442.19%. It is also linked to ROA % through Du Pont Formula. Infrastructure and Energy Alternatives's annualized ROA % for the quarter that ended in Jun. 2022 was 7.24%.


Infrastructure and Energy Alternatives Asset Turnover Historical Data

The historical data trend for Infrastructure and Energy Alternatives'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.

Infrastructure and Energy Alternatives Asset Turnover Chart

Infrastructure and Energy Alternatives Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Get a 7-Day Free Trial - 1.97 1.99 2.26 2.55

Infrastructure and Energy Alternatives Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 0.75 0.79 0.58 0.42 0.73

Competitive Comparison of Infrastructure and Energy Alternatives's Asset Turnover

For the Engineering & Construction subindustry, Infrastructure and Energy Alternatives'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.


Infrastructure and Energy Alternatives's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Infrastructure and Energy Alternatives's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Infrastructure and Energy Alternatives's Asset Turnover falls into.



Infrastructure and Energy Alternatives Asset Turnover Calculation

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

Infrastructure and Energy Alternatives's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=2078.42/( (729.14+899.753)/ 2 )
=2078.42/814.4465
=2.55

Infrastructure and Energy Alternatives's Asset Turnover for the quarter that ended in Jun. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Jun. 2022 ))/ count )
=680.597/( (824.359+1051.314)/ 2 )
=680.597/937.8365
=0.73

* 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.


Infrastructure and Energy Alternatives  (NAS:IEA) Asset Turnover Explanation

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

Infrastructure and Energy Alternatives's annulized ROE % for the quarter that ended in Jun. 2022 is

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=67.876/15.35
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(67.876 / 2722.388)*(2722.388 / 937.8365)*(937.8365/ 15.35)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.49 %*2.9028*61.0968
=ROA %*Equity Multiplier
=7.24 %*61.0968
=442.19 %

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

Infrastructure and Energy Alternatives's annulized ROA % for the quarter that ended in Jun. 2022 is

ROA %(Q: Jun. 2022 )
=Net Income/Total Assets
=67.876/937.8365
=(Net Income / Revenue)*(Revenue / Total Assets)
=(67.876 / 2722.388)*(2722.388 / 937.8365)
=Net Margin %*Asset Turnover
=2.49 %*2.9028
=7.24 %

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


Infrastructure and Energy Alternatives Asset Turnover Related Terms

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


Infrastructure and Energy Alternatives (Infrastructure and Energy Alternatives) Business Description

Traded in Other Exchanges
N/A
Address
6325 Digital Way, Suite 460, Indianapolis, IN, USA, 46278
Infrastructure and Energy Alternatives Inc is a United States-based diversified infrastructure construction company with specialized energy and heavy civil expertise throughout the United States. The company operates in two segments, the Renewables segment and the Specialty Civil segment. The Renewables segment, which is the majority revenue generator, provides complete engineering, procurement and construction services for the renewable energy, traditional power and civil infrastructure industries. The Specialty Civil segment operates throughout the U.S. and specializes in a range of services that create a diverse national platform of construction capabilities.
Executives
Peter J Moerbeek officer: Chief Financial Officer 225 N BARRANCA AVE STE 200, WEST COVINA CA 91791-1605
Garner Charles Hugh Farkas director 3 COLUMBUS CIRCLE, NEW YORK NY 10019
Christopher Hanson officer: Executive Vice President Ops C/O INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. 6325 DIGITAL WAY 460 INDIANAPOLIS IN 46278
Brian Hummer officer: Senior Vice President C/O INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. 6325 DIGITAL WAY 460 INDIANAPOLIS IN 46278
John Paul Roehm director, officer: President & CEO 8440 WOODFIELD CROSSING BLVD., SUITE 500, INDIANAPOLIS IN 46240
Erin Jennifer Roth officer: EVP, General Counsel 3000 EAST MAIN STREET, LAFAYETTE IN 47905
John Eber director C/O INFRASTRUCTURE AND ENERGY ALT., INC. 6325 DIGITAL WAY, SUITE 460 INDIANAPOLIS IN 46278
Scott L Graves director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Special Situations Fund Iv, L.p. 10 percent owner C/O ASSF MANAGEMETN IV, L.P. 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES CA 90067
Park West Asset Management Llc 10 percent owner 1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Ares Management Corp 10 percent owner 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Bunting Theodore H Jr director P. O. BOX 61000, NEW ORLEANS LA 70161
Oaktree Capital Group, Llc director, 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Fie, Llc director, 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Gp, Llc director, 10 percent owner 333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071

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