Attis Oil & Gas (LSE:AOGL) Asset Turnover: 0.00 (As of Jun. 2020)

What is Attis Oil & Gas Asset Turnover?

Attis Oil & Gas LSE:AOGL Asset Turnover is 0.00 as of Jun. 2020. The stock has 6 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Attis Oil & Gas's Revenue for the six months ended in Jun. 2020 was £0.00 Mil. Attis Oil & Gas's Total Assets for the quarter that ended in Jun. 2020 was £0.93 Mil. Therefore, Attis Oil & Gas's Asset Turnover for the quarter that ended in Jun. 2020 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Attis Oil & Gas's annualized ROE % for the quarter that ended in Jun. 2020 was 0.91%. It is also linked to ROA % through Du Pont Formula. Attis Oil & Gas's annualized ROA % for the quarter that ended in Jun. 2020 was -0.43%.

Attis Oil & Gas (LSE:AOGL) Asset Turnover Explanation

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

Attis Oil & Gas's annulized ROE % for the quarter that ended in Jun. 2020 is

	ROE %^**		(Q: Jun. 2020 )
=	Net Income	/	Total Stockholders Equity
=	-0.004	/	-0.439
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-0.004 / 0)	*	(0 / 0.934)	*	(0.934/ -0.439)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	-2.1276
=	ROA %	*	Equity Multiplier
=	-0.43 %	*	-2.1276
=	0.91 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2020) net income data. The Revenue data used here is two times the semi-annual (Jun. 2020) 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:

Attis Oil & Gas's annulized ROA % for the quarter that ended in Jun. 2020 is

	ROA %		(Q: Jun. 2020 )
=	Net Income	/	Total Assets
=	-0.004	/	0.934
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-0.004 / 0)	*	(0 / 0.934)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	-0.43 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2020) net income data. The Revenue data used here is two times the semi-annual (Jun. 2020) 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.

Attis Oil & Gas Asset Turnover Related Terms

Attis Oil & Gas Asset Turnover Historical Data

* Premium members only.

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

Attis Oil & Gas Asset Turnover Chart

Attis Oil & Gas Annual Data

Trend

Apr11

Apr12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Asset Turnover

Get a 7-Day Free Trial

0.17

0.06

0.01

0.04

0.00

Attis Oil & Gas Semi-Annual Data
	Apr11	Apr12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Asset Turnover	Get a 7-Day Free Trial													0.01	0.03	0.00	0.00	0.00

LSE:AOGL vs VKIN: Asset Turnover Comparison

For the Oil & Gas E&P subindustry, Attis 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.

Attis Oil & Gas Asset Turnover vs Oil & Gas Industry

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

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

Save Embed

Attis Oil & Gas Asset Turnover Calculation

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

Attis Oil & Gas's Asset Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2019 )	/	( (Total Assets (A: Dec. 2018 )	+	Total Assets (A: Dec. 2019 ))	/ count )
=	0	/	( (1.68	+	0.906)	/ 2 )
=	0	/	1.293
=	0.00

Attis Oil & Gas's Asset Turnover for the quarter that ended in Jun. 2020 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2020 )	/	( (Total Assets (Q: Dec. 2019 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
=	0	/	( (0.906	+	0.962)	/ 2 )
=	0	/	0.934
=	0.00

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 0.00 mean?

Attis Oil & Gas (LSE:AOGL) has a Asset Turnover of 0.00 as of Jun. 2020. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Attis Oil & Gas and its competitors.

Is Attis Oil & Gas' Asset Turnover too high?

Attis Oil & Gas' current Asset Turnover is 0.00.

How does Attis Oil & Gas' Asset Turnover compare to VKIN?

Attis Oil & Gas' Asset Turnover of 0.00 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 Attis Oil & Gas and its competitors. Attis Oil & Gas's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Attis Oil & Gas stock overvalued right now?

Attis Oil & Gas (LSE:AOGL) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. 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 Attis Oil & Gas (LSE:AOGL), the current Asset Turnover is 0.00 as of Jun. 2020. 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.

Attis Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ASX:WEL ASX:GPP ASX:KEY VKIN TSXV:PFC TSXV:PEH TSXV:CWV ASX:INK ASX:JPR ASX:NGE TSX:EGL LSE:SRON ASX:CNX LSE:ARG ASX:ICN XCNQ:SQX PHS:BSC HKSE:08270 TSXV:ZEE MIC:CHGZ

Address Wickhams Cay II, 6th Floor, Ritter House, Tortola, Road Town, VGB, VG 1110

Website https://www.attisog.com

Attis Oil & Gas Ltd is an energy company involved in pursuing a recovery oil strategy focused on re-stimulating wells within mature producing basins.