GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fulcrum Utility Services Ltd (LSE:FCRM) » Definitions » Asset Turnover

Fulcrum Utility Services (LSE:FCRM) Asset Turnover : 0.35 (As of Mar. 2023)


View and export this data going back to 2009. Start your Free Trial

What is Fulcrum Utility Services Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Fulcrum Utility Services's Revenue for the six months ended in Mar. 2023 was £26.61 Mil. Fulcrum Utility Services's Total Assets for the quarter that ended in Mar. 2023 was £76.05 Mil. Therefore, Fulcrum Utility Services's Asset Turnover for the quarter that ended in Mar. 2023 was 0.35.

Asset Turnover is linked to ROE % through Du Pont Formula. Fulcrum Utility Services's annualized ROE % for the quarter that ended in Mar. 2023 was -38.51%. It is also linked to ROA % through Du Pont Formula. Fulcrum Utility Services's annualized ROA % for the quarter that ended in Mar. 2023 was -11.70%.


Fulcrum Utility Services Asset Turnover Historical Data

The historical data trend for Fulcrum Utility Services'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.

Fulcrum Utility Services Asset Turnover Chart

Fulcrum Utility Services Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.47 0.49 0.66 0.59

Fulcrum Utility Services Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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 0.30 0.32 0.35 0.27 0.35

Competitive Comparison of Fulcrum Utility Services's Asset Turnover

For the Engineering & Construction subindustry, Fulcrum Utility Services'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.


Fulcrum Utility Services's Asset Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fulcrum Utility Services's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Fulcrum Utility Services's Asset Turnover falls into.



Fulcrum Utility Services Asset Turnover Calculation

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

Fulcrum Utility Services's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=50.553/( (99.972+71.975)/ 2 )
=50.553/85.9735
=0.59

Fulcrum Utility Services's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=26.614/( (80.121+71.975)/ 2 )
=26.614/76.048
=0.35

* 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.


Fulcrum Utility Services  (LSE:FCRM) Asset Turnover Explanation

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

Fulcrum Utility Services's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-8.894/23.0955
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-8.894 / 53.228)*(53.228 / 76.048)*(76.048/ 23.0955)
=Net Margin %*Asset Turnover*Equity Multiplier
=-16.71 %*0.6999*3.2928
=ROA %*Equity Multiplier
=-11.70 %*3.2928
=-38.51 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2023) net income data. The Revenue data used here is two times the semi-annual (Mar. 2023) 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:

Fulcrum Utility Services's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=-8.894/76.048
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-8.894 / 53.228)*(53.228 / 76.048)
=Net Margin %*Asset Turnover
=-16.71 %*0.6999
=-11.70 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2023) net income data. The Revenue data used here is two times the semi-annual (Mar. 2023) 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.


Fulcrum Utility Services Asset Turnover Related Terms

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


Fulcrum Utility Services (LSE:FCRM) Business Description

Traded in Other Exchanges
N/A
Address
2 Europa View, Sheffield Business Park, Sheffield, South Yorkshire, GBR, S9 1XH
Fulcrum Utility Services Ltd is an independent multi-utility infrastructure and services provider. The principal activities are the provision of unregulated utility connections and independent gas transportation services in the United Kingdom. The company designs and project manages utility connections for customers seeking either new connections or the alteration or refurbishment of existing connections ranging from single-site alterations to multi-utility and multi-site new connections. It has two operating segments namely Infrastructure: Design and Build and Utility assets: Own and Operate. The company generates maximum revenue from Infrastructure: Design and Build segment. Geographically, it derives revenue from the United Kingdom.

Fulcrum Utility Services (LSE:FCRM) Headlines

No Headlines