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Plains GP Holdings LP (Plains GP Holdings LP) Asset Turnover : 0.44 (As of Dec. 2023)


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What is Plains GP Holdings 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. Plains GP Holdings LP's Revenue for the three months ended in Dec. 2023 was $12,698 Mil. Plains GP Holdings LP's Total Assets for the quarter that ended in Dec. 2023 was $28,797 Mil. Therefore, Plains GP Holdings LP's Asset Turnover for the quarter that ended in Dec. 2023 was 0.44.

Asset Turnover is linked to ROE % through Du Pont Formula. Plains GP Holdings LP's annualized ROE % for the quarter that ended in Dec. 2023 was 13.51%. It is also linked to ROA % through Du Pont Formula. Plains GP Holdings LP's annualized ROA % for the quarter that ended in Dec. 2023 was 0.72%.


Plains GP Holdings LP Asset Turnover Historical Data

The historical data trend for Plains GP Holdings 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.

Plains GP Holdings LP Asset Turnover Chart

Plains GP Holdings LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 0.83 1.51 1.94 1.69

Plains GP Holdings 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 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 0.45 0.43 0.41 0.42 0.44

Competitive Comparison of Plains GP Holdings LP's Asset Turnover

For the Oil & Gas Midstream subindustry, Plains GP Holdings 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.


Plains GP Holdings LP's Asset Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Plains GP Holdings LP's Asset Turnover falls into.



Plains GP Holdings LP Asset Turnover Calculation

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

Plains GP Holdings LP's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=48712/( (29207+28597)/ 2 )
=48712/28902
=1.69

Plains GP Holdings LP's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=12698/( (28997+28597)/ 2 )
=12698/28797
=0.44

* 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.


Plains GP Holdings LP  (NAS:PAGP) Asset Turnover Explanation

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

Plains GP Holdings LP's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=208/1539.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(208 / 50792)*(50792 / 28797)*(28797/ 1539.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.41 %*1.7638*18.7054
=ROA %*Equity Multiplier
=0.72 %*18.7054
=13.51 %

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:

Plains GP Holdings LP's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=208/28797
=(Net Income / Revenue)*(Revenue / Total Assets)
=(208 / 50792)*(50792 / 28797)
=Net Margin %*Asset Turnover
=0.41 %*1.7638
=0.72 %

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.


Plains GP Holdings LP Asset Turnover Related Terms

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


Plains GP Holdings LP (Plains GP Holdings LP) Business Description

Traded in Other Exchanges
N/A
Address
333 Clay Street, Suite 1600, Houston, TX, USA, 77002
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
Executives
Willie Cw Chiang director, officer: Chairman & CEO 370 17TH STREET, SUITE 2775, DENVER CO 80202
Jeremy L. Goebel officer: EVP & CCO 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002
Ellen Desanctis director 12326 OLD OAKS, HOUSTON TX 77024
Kevin S Mccarthy director C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Gary R Petersen director 210 HEDWIG, HOUSTON TX 77019
Victor Burk director C/O ENERVEST MANAGEMENT PARTNERS LTD, 1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Lawrence Michael Ziemba director 600 NORTH DAIRY ASHFORD, HOUSTON TX 77079
John T Raymond director THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002
Alexandra Pruner director 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Bobby S Shackouls director 5051 WESTHEIMER, STE 1400, HOUSTON TX 77056-5604
Chris Temple director 3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219
Emg Investment, Llc director, See Remarks 1401 MCKINNEY STREET, SUITE 1025, HOUSTON TX 77010
Robert V Sinnott director 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067
Greg L Armstrong director, 10 percent owner, officer: Chairman & CEO
Harry N Pefanis officer: President & COO 333 CLAY STREET, STE 1600, HOUSTON TX 77002

Plains GP Holdings LP (Plains GP Holdings LP) Headlines

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