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Inpex (IPXHF) Asset Turnover : 0.07 (As of Dec. 2024)


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What is Inpex Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Inpex's Revenue for the three months ended in Dec. 2024 was $3,370 Mil. Inpex's Total Assets for the quarter that ended in Dec. 2024 was $48,456 Mil. Therefore, Inpex's Asset Turnover for the quarter that ended in Dec. 2024 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Inpex's annualized ROE % for the quarter that ended in Dec. 2024 was 11.66%. It is also linked to ROA % through Du Pont Formula. Inpex's annualized ROA % for the quarter that ended in Dec. 2024 was 7.40%.


Inpex Asset Turnover Historical Data

The historical data trend for Inpex'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.

Inpex Asset Turnover Chart

Inpex Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.24 0.38 0.32 0.31

Inpex Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.08 0.08 0.08 0.07

Competitive Comparison of Inpex's Asset Turnover

For the Oil & Gas E&P subindustry, Inpex'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.


Inpex's Asset Turnover Distribution in the Oil & Gas Industry

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

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


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Inpex Asset Turnover Calculation

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

Inpex's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=14730.991/( (46807.93+47985.545)/ 2 )
=14730.991/47396.7375
=0.31

Inpex's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=3369.518/( (48926.627+47985.545)/ 2 )
=3369.518/48456.086
=0.07

* 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.


Inpex  (OTCPK:IPXHF) Asset Turnover Explanation

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

Inpex's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=3586.716/30748.352
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3586.716 / 13478.072)*(13478.072 / 48456.086)*(48456.086/ 30748.352)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.61 %*0.2782*1.5759
=ROA %*Equity Multiplier
=7.40 %*1.5759
=11.66 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) 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:

Inpex's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=3586.716/48456.086
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3586.716 / 13478.072)*(13478.072 / 48456.086)
=Net Margin %*Asset Turnover
=26.61 %*0.2782
=7.40 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) 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.


Inpex Asset Turnover Related Terms

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


Inpex Business Description

Traded in Other Exchanges
Address
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6332
Headquartered in Tokyo, Inpex was founded in 2008 through a merger with Teikoku Oil. The precursor Inpex began life in 1966 as North Sumatra Offshore Petroleum Exploration and discovered the Attaka field in Indonesia in 1970 before acquiring the ADMA Block offshore the United Arab Emirates in 1973 and then discovering the Kashagan oilfield in Kazakhstan and Ichthys and Abadi gasfields in the Timor Sea in 2000. Teikoku Oil was founded in 1941 as a semigovernment entity and discovered Japan's largest natural gas reserves in Minami Nagaoka in 1979. Inpex is Japan's largest hydrocarbon producer, with oil and gas projects across multiple continents. It produces 230 million barrels of oil equivalent per year and has 6.2 billion barrels of oil equivalent in proven and probable reserves.

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