SP New Energy (PHS:SPNEC) Asset Turnover: 0.01 (As of Sep. 2024)


PHS:SPNEC SP New Energy Corp PHS:SPNEC
33 GF Score
Price ₱1.34
View Full Analysis

What is SP New Energy Asset Turnover?

SP New Energy PHS:SPNEC +2.29% 33 Asset Turnover is 0.01 as of Sep. 2024. GuruFocus rates PHS:SPNEC with a GF Score™ of 33/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. SP New Energy's Revenue for the three months ended in Sep. 2024 was ₱268 Mil. SP New Energy's Total Assets for the quarter that ended in Sep. 2024 was ₱51,042 Mil. Therefore, SP New Energy's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. SP New Energy's annualized ROE % for the quarter that ended in Sep. 2024 was -2.56%. It is also linked to ROA % through Du Pont Formula. SP New Energy's annualized ROA % for the quarter that ended in Sep. 2024 was -1.98%.

SP New Energy  (PHS:SPNEC) Asset Turnover Explanation

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

SP New Energy's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-1009.132/39411.835
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1009.132 / 1072.944)*(1072.944 / 51042.2305)*(51042.2305/ 39411.835)
=Net Margin %*Asset Turnover*Equity Multiplier
=-94.05 %*0.021*1.2951
=ROA %*Equity Multiplier
=-1.98 %*1.2951
=-2.56 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

SP New Energy's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-1009.132/51042.2305
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1009.132 / 1072.944)*(1072.944 / 51042.2305)
=Net Margin %*Asset Turnover
=-94.05 %*0.021
=-1.98 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.

SP New Energy Asset Turnover Related Terms

SP New Energy Asset Turnover Historical Data

* Premium members only.

The historical data trend for SP New Energy'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.

SP New Energy Asset Turnover Chart

SP New Energy Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Jun22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.01

SP New Energy Quarterly Data
Dec17 Dec18 Dec19 Dec20 Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.01 0.01 0.01 0.01 0.01

PHS:SPNEC vs CEG: Asset Turnover Comparison

For the Utilities - Renewable subindustry, SP New Energy'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.

SP New Energy Asset Turnover vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SP New Energy's Asset Turnover distribution charts can be found below:

* The bar in red indicates where SP New Energy's Asset Turnover falls into.


PHS:SPNEC
33GF Score
SP New Energy Corp PHS:SPNEC
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SP New Energy Asset Turnover Calculation

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

SP New Energy'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: Jun. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=635.451/( (0+51182.814)/ 1 )
=635.451/51182.814
=0.01

SP New Energy's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=268.236/( (51224.252+50860.209)/ 2 )
=268.236/51042.2305
=0.01

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.01 mean?
SP New Energy (PHS:SPNEC) has a Asset Turnover of 0.01 as of Sep. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on SP New Energy and its competitors.
Is SP New Energy's Asset Turnover too high?
SP New Energy's current Asset Turnover is 0.01. Overall, SP New Energy has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does SP New Energy's Asset Turnover compare to CEG?
SP New Energy's Asset Turnover of 0.01 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Asset Turnover depends on the Utilities - Independent Power Producers 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 SP New Energy and its competitors. SP New Energy's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP New Energy stock overvalued right now?
SP New Energy (PHS:SPNEC) has a current Asset Turnover of 0.01. The current Asset Turnover is 0.01. SP New Energy's overall GF Score™ is 33/100. 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 SP New Energy (PHS:SPNEC), the current Asset Turnover is 0.01 as of Sep. 2024. 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.

SP New Energy Business Description

Address Ortigas Avenue, Rockwell Business Center, Barangay Ugong, Second District, National Capital Region, Pasig, PHL, 1604
SP New Energy Corp mainly to engage in the construction, operation and maintenance of all types of renewable energy plants and related services. The Group has only one geographical segment Philippines.
33GF Score

Get the complete analysis for PHS:SPNEC

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱1.34
Price