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CONSOL Coal Resources LP (CONSOL Coal Resources LP) Asset Turnover : 0.11 (As of Sep. 2020)


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What is CONSOL Coal Resources LP Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. CONSOL Coal Resources LP's Revenue for the three months ended in Sep. 2020 was $49.2 Mil. CONSOL Coal Resources LP's Total Assets for the quarter that ended in Sep. 2020 was $471.1 Mil. Therefore, CONSOL Coal Resources LP's Asset Turnover for the quarter that ended in Sep. 2020 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. CONSOL Coal Resources LP's annualized ROE % for the quarter that ended in Sep. 2020 was -11.83%. It is also linked to ROA % through Du Pont Formula. CONSOL Coal Resources LP's annualized ROA % for the quarter that ended in Sep. 2020 was -4.69%.


CONSOL Coal Resources LP Asset Turnover Historical Data

The historical data trend for CONSOL Coal Resources 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.

CONSOL Coal Resources LP Asset Turnover Chart

CONSOL Coal Resources LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Asset Turnover
Get a 7-Day Free Trial 0.69 0.54 0.63 0.73 0.67

CONSOL Coal Resources LP Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 0.15 0.16 0.13 0.06 0.11

Competitive Comparison of CONSOL Coal Resources LP's Asset Turnover

For the Thermal Coal subindustry, CONSOL Coal Resources 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.


CONSOL Coal Resources LP's Asset Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, CONSOL Coal Resources LP's Asset Turnover distribution charts can be found below:

* The bar in red indicates where CONSOL Coal Resources LP's Asset Turnover falls into.



CONSOL Coal Resources LP Asset Turnover Calculation

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

CONSOL Coal Resources LP'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 )
=327.049/( (474.563+496.094)/ 2 )
=327.049/485.3285
=0.67

CONSOL Coal Resources LP's Asset Turnover for the quarter that ended in Sep. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2020 )/( (Total Assets (Q: Jun. 2020 )+Total Assets (Q: Sep. 2020 ))/ count )
=49.243/( (472.515+469.717)/ 2 )
=49.243/471.116
=0.10

* 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.


CONSOL Coal Resources LP  (NYSE:CCR) Asset Turnover Explanation

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

CONSOL Coal Resources LP's annulized ROE % for the quarter that ended in Sep. 2020 is

ROE %**(Q: Sep. 2020 )
=Net Income/Total Stockholders Equity
=-22.116/186.8715
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-22.116 / 196.972)*(196.972 / 471.116)*(471.116/ 186.8715)
=Net Margin %*Asset Turnover*Equity Multiplier
=-11.23 %*0.4181*2.5211
=ROA %*Equity Multiplier
=-4.69 %*2.5211
=-11.83 %

Note: The Net Income data used here is four times the quarterly (Sep. 2020) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

CONSOL Coal Resources LP's annulized ROA % for the quarter that ended in Sep. 2020 is

ROA %(Q: Sep. 2020 )
=Net Income/Total Assets
=-22.116/471.116
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-22.116 / 196.972)*(196.972 / 471.116)
=Net Margin %*Asset Turnover
=-11.23 %*0.4181
=-4.69 %

Note: The Net Income data used here is four times the quarterly (Sep. 2020) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


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.


CONSOL Coal Resources LP Asset Turnover Related Terms

Thank you for viewing the detailed overview of CONSOL Coal Resources LP's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


CONSOL Coal Resources LP (CONSOL Coal Resources LP) Business Description

Traded in Other Exchanges
N/A
Address
1000 CONSOL Energy Drive, Suite 100, CNX Center, Canonsburg, PA, USA, 15317-6506
CONSOL Coal Resources LP is engaged in the thermal coal operations in Pennsylvania. The company's assets include interests in CONSOL energy's Pennsylvania mining complex, which consists of approximately three underground mines (Bailey Mine, Enlow Fork Mine, and Harvey Mine) and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. All the operations of the group are conducted at a single mining complex located in the Northern Appalachian Basin in southwestern Pennsylvania.
Executives
Jeffrey L Wallace director, other: SEE REMARKS 1000 CONSOL ENERGY DRIVE CANONSBURG PA 15317
Michael L Greenwood director, other: SEE REMARKS
Dan D Sandman director, other: SEE REMARKS
Miteshkumar Thakkar officer: See Remarks 1000 CONSOL DRIVE, SUITE 100, CANONSBURG PA 15317
John Rothka officer: Chief Accounting Officer 2970 HENDERSON AVENUE, WASHINGTON PA 15301
Consol Energy Inc. director, 10 percent owner 1000 CONSOL ENERGY DRIVE SUITE #100 CANONSBURG PA 15317
Greenlight Capital Inc 10 percent owner 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors, Lp 10 percent owner 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors Gp, L.l.c. 10 percent owner 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Capital Management, Lp 10 percent owner 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
David Einhorn 10 percent owner, other: See Footnotes (1) - (11) 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Deborah J. Lackovic director, other: SEE REMARKS C/O CONSOL COAL RESOURCES LP 100 CONSOL ENERGY DRIVE, SUITE 100 CANONSBURG PA 15317
Kurt R. Salvatori director, other: SEE REMARKS 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Martha A Wiegand officer: SEE REMARKS 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
James A Brock director, officer: SEE REMARKS 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317