Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Efora Energy's Revenue for the
six
months ended in Aug. 2024 was R2.89 Mil. Efora Energy's Total Assets for the quarter that ended in Aug. 2024 was R34.68 Mil. Therefore, Efora Energy's Asset Turnover for the quarter that ended in Aug. 2024 was 0.08.
Asset Turnover is linked to ROE % through Du Pont Formula. Efora Energy's annualizedROE % for the quarter that ended in Aug. 2024 was -115.62%. It is also linked to ROA % through Du Pont Formula. Efora Energy's annualizedROA % for the quarter that ended in Aug. 2024 was -98.05%.
Efora Energy (JSE:EEL) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Efora Energy's annulizedROE % for the quarter that ended in Aug. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Aug. 2024) net income data. The Revenue data used here is two times the semi-annual (Aug. 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:
Efora Energy's annulizedROA % for the quarter that ended in Aug. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Aug. 2024) net income data. The Revenue data used here is two times the semi-annual (Aug. 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.
Efora Energy Asset Turnover Related Terms
Efora Energy Asset Turnover Historical Data
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The historical data trend for Efora Energy'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.
JSE:EEL vs COP, EOG, OXY: Asset Turnover Comparison
For the Oil & Gas E&P subindustry, Efora Energy'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.
Efora Energy Asset Turnover vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Efora Energy's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Efora Energy's Asset Turnover falls into.
* 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.
Efora Energy (JSE:EEL) has a Asset Turnover of 0.08 as of Aug. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Efora Energy and its competitors.
Is Efora Energy's Asset Turnover too high?
Efora Energy's current Asset Turnover is 0.08. Overall, Efora Energy has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Efora Energy's Asset Turnover compare to COP and EOG?
Efora Energy's Asset Turnover of 0.08 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 Efora Energy and its competitors. Efora Energy's current Asset Turnover is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Efora Energy stock overvalued right now?
Efora Energy (JSE:EEL) has a current Asset Turnover of 0.08. The current Asset Turnover is 0.08. Efora Energy's overall GF Score™ is 11/100. 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 Efora Energy (JSE:EEL), the current Asset Turnover is 0.08 as of Aug. 2024. 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.
Efora Energy Ltd is an African oil and gas company. It has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo, Malawi, and Botswana; and midstream projects including a crude trading allocation in Nigeria and a terminal project in Equatorial Guinea. The operations of the Group comprise oil and gas exploration and production, crude trading, and the sale of petroleum products. It derives the majority of its revenue from the sale of petroleum products.
11GF Score
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