Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. NuStar Energy LP's Revenue for the
three
months ended in Dec. 2023 was $452 Mil. NuStar Energy LP's Total Assets for the quarter that ended in Dec. 2023 was $4,904 Mil. Therefore, NuStar Energy LP's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
Asset Turnover is linked to ROE % through Du Pont Formula. NuStar Energy LP's annualizedROE % for the quarter that ended in Dec. 2023 was 25.94%. It is also linked to ROA % through Du Pont Formula. NuStar Energy LP's annualizedROA % for the quarter that ended in Dec. 2023 was 5.52%.
NuStar Energy LP Asset Turnover Historical Data
The historical data trend for NuStar Energy LP'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.
NuStar Energy LP Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Asset Turnover
0.24
0.25
0.30
0.33
0.33
NuStar Energy LP Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Asset Turnover
0.09
0.08
0.08
0.08
0.09
Competitive Comparison
For the Oil & Gas Midstream subindustry, NuStar Energy LP'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.
NuStar Energy LP Asset Turnover Distribution
For the Oil & Gas industry and Energy sector, NuStar Energy LP's Asset Turnover distribution charts can be found below:
* The bar in red indicates where NuStar Energy LP's Asset Turnover falls into.
NuStar Energy LP Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
NuStar Energy LP's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
NuStar Energy LP (NYSE:NS) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
NuStar Energy LP's annulizedROE % for the quarter that ended in Dec. 2023 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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:
NuStar Energy LP's annulizedROA % for the quarter that ended in Dec. 2023 is
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
NuStar Energy LP Asset Turnover Related Terms
Thank you for viewing the detailed overview of NuStar Energy LP's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
NuStar Energy LP (NuStar Energy LP) Business Description
NuStar Energy LP is a US-based pipeline and terminal operator. The company along with its subsidiaries is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of crude oil and specialty chemicals, and the marketing of petroleum products. Its business is organized into the segments of; Pipeline, Storage, and Fuels Marketing. Geographically, the company operates in the United States and Foreign and derives key revenue from the Pipeline business.
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