IXOG (Index Oil & Gas) Asset Turnover: 0.04 (As of Mar. 2009)

What is Index Oil & Gas Asset Turnover?

Index Oil & Gas IXOG -99.86% Asset Turnover is 0.04 as of Mar. 2009.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Index Oil & Gas's Revenue for the three months ended in Mar. 2009 was $0.26 Mil. Index Oil & Gas's Total Assets for the quarter that ended in Mar. 2009 was $7.24 Mil. Therefore, Index Oil & Gas's Asset Turnover for the quarter that ended in Mar. 2009 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Index Oil & Gas's annualized ROE % for the quarter that ended in Mar. 2009 was -77.22%. It is also linked to ROA % through Du Pont Formula. Index Oil & Gas's annualized ROA % for the quarter that ended in Mar. 2009 was -69.03%.

Index Oil & Gas (OTCPK:IXOG) Asset Turnover Explanation

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

Index Oil & Gas's annulized ROE % for the quarter that ended in Mar. 2009 is

	ROE %^**		(Q: Mar. 2009 )
=	Net Income	/	Total Stockholders Equity
=	-5	/	6.475
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-5 / 1.044)	*	(1.044 / 7.243)	*	(7.243/ 6.475)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-478.93 %	*	0.1441	*	1.1186
=	ROA %	*	Equity Multiplier
=	-69.03 %	*	1.1186
=	-77.22 %

Note: The Net Income data used here is four times the quarterly (Mar. 2009) net income data. The Revenue data used here is four times the quarterly (Mar. 2009) 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:

Index Oil & Gas's annulized ROA % for the quarter that ended in Mar. 2009 is

	ROA %		(Q: Mar. 2009 )
=	Net Income	/	Total Assets
=	-5	/	7.243
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-5 / 1.044)	*	(1.044 / 7.243)
=	Net Margin %	*	Asset Turnover
=	-478.93 %	*	0.1441
=	-69.03 %

Note: The Net Income data used here is four times the quarterly (Mar. 2009) net income data. The Revenue data used here is four times the quarterly (Mar. 2009) 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.

Index Oil & Gas Asset Turnover Related Terms

Index Oil & Gas Asset Turnover Historical Data

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The historical data trend for Index Oil & Gas's Asset Turnover can be seen below:

Index Oil & Gas Asset Turnover Chart

Index Oil & Gas Annual Data

Trend

Dec04

Dec05

Mar06

Mar07

Mar08

Mar09

Asset Turnover

Get a 7-Day Free Trial

0.35

0.06

0.04

0.11

0.24

Index Oil & Gas Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09
Asset Turnover	Get a 7-Day Free Trial													0.08	0.09	0.05	0.05	0.04

IXOG vs FPPP, UNGS, GBEYF: Asset Turnover Comparison

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

Index Oil & Gas Asset Turnover vs Oil & Gas Industry

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

* The bar in red indicates where Index Oil & Gas's Asset Turnover falls into.

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Index Oil & Gas Asset Turnover Calculation

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

Index Oil & Gas's Asset Turnover for the fiscal year that ended in Mar. 2009 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2009 )	/	( (Total Assets (A: Mar. 2008 )	+	Total Assets (A: Mar. 2009 ))	/ count )
=	2.829	/	( (16.178	+	6.994)	/ 2 )
=	2.829	/	11.586
=	0.24

Index Oil & Gas's Asset Turnover for the quarter that ended in Mar. 2009 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Mar. 2009 )	/	( (Total Assets (Q: Dec. 2008 )	+	Total Assets (Q: Mar. 2009 ))	/ count )
=	0.261	/	( (7.492	+	6.994)	/ 2 )
=	0.261	/	7.243
=	0.04

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 0.04 mean?

Index Oil & Gas (IXOG) has a Asset Turnover of 0.04 as of Mar. 2009. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Index Oil & Gas and its competitors.

Is Index Oil & Gas' Asset Turnover too high?

Index Oil & Gas' current Asset Turnover is 0.04.

How does Index Oil & Gas' Asset Turnover compare to FPPP and UNGS?

Index Oil & Gas' Asset Turnover of 0.04 can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good Asset Turnover depends on the Oil & Gas 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 Index Oil & Gas and its competitors. Index Oil & Gas's current Asset Turnover is 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Index Oil & Gas stock overvalued right now?

Index Oil & Gas (IXOG) has a current Asset Turnover of 0.04. The current Asset Turnover is 0.04. 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 Index Oil & Gas (IXOG), the current Asset Turnover is 0.04 as of Mar. 2009. 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.

Index Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:PTP.H XCNQ:EI TSXV:CEN TSXV:TPC FPPP TSXV:WTR TSXV:STMP UNGS TSXV:PPE.H TSXV:CA.H TSXV:MMO.H TSXV:ROC.H TSXV:GX GBEYF SPOWF TSXV:CE.H TSXV:KLE.H TSXV:TZR TSXV:TIP.H TSXV:CTI.H

Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024

Website http://www.indexoil.com

Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.