POGS (Pioneer Oil & Gas) Asset Turnover: 0.45 (As of Jun. 2005)

What is Pioneer Oil & Gas Asset Turnover?

Pioneer Oil & Gas POGS -37.34% Asset Turnover is 0.45 as of Jun. 2005.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Pioneer Oil & Gas's Revenue for the three months ended in Jun. 2005 was $2.74 Mil. Pioneer Oil & Gas's Total Assets for the quarter that ended in Jun. 2005 was $6.05 Mil. Therefore, Pioneer Oil & Gas's Asset Turnover for the quarter that ended in Jun. 2005 was 0.45.

Asset Turnover is linked to ROE % through Du Pont Formula. Pioneer Oil & Gas's annualized ROE % for the quarter that ended in Jun. 2005 was 132.11%. It is also linked to ROA % through Du Pont Formula. Pioneer Oil & Gas's annualized ROA % for the quarter that ended in Jun. 2005 was 96.33%.

Pioneer Oil & Gas (OTCPK:POGS) Asset Turnover Explanation

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

Pioneer Oil & Gas's annulized ROE % for the quarter that ended in Jun. 2005 is

	ROE %^**		(Q: Jun. 2005 )
=	Net Income	/	Total Stockholders Equity
=	5.828	/	4.4115
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(5.828 / 10.964)	*	(10.964 / 6.05)	*	(6.05/ 4.4115)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	53.16 %	*	1.8122	*	1.3714
=	ROA %	*	Equity Multiplier
=	96.33 %	*	1.3714
=	132.11 %

Note: The Net Income data used here is four times the quarterly (Jun. 2005) net income data. The Revenue data used here is four times the quarterly (Jun. 2005) 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:

Pioneer Oil & Gas's annulized ROA % for the quarter that ended in Jun. 2005 is

	ROA %		(Q: Jun. 2005 )
=	Net Income	/	Total Assets
=	5.828	/	6.05
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(5.828 / 10.964)	*	(10.964 / 6.05)
=	Net Margin %	*	Asset Turnover
=	53.16 %	*	1.8122
=	96.33 %

Note: The Net Income data used here is four times the quarterly (Jun. 2005) net income data. The Revenue data used here is four times the quarterly (Jun. 2005) revenue data.

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.

Pioneer Oil & Gas Asset Turnover Related Terms

Pioneer Oil & Gas Asset Turnover Historical Data

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The historical data trend for Pioneer Oil & Gas's Asset Turnover can be seen below:

Pioneer Oil & Gas Asset Turnover Chart

Pioneer Oil & Gas Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Asset Turnover

1.10

1.13

0.63

1.37

1.08

Pioneer Oil & Gas Quarterly Data
	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05
Asset Turnover	Get a 7-Day Free Trial															0.25	0.28	0.20	0.77	0.45

POGS vs ECT, TRNX, SLNG: Asset Turnover Comparison

For the Oil & Gas Integrated subindustry, Pioneer Oil & Gas'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.

Pioneer Oil & Gas Asset Turnover vs Oil & Gas Industry

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

* The bar in red indicates where Pioneer Oil & Gas's Asset Turnover falls into.

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Pioneer Oil & Gas Asset Turnover Calculation

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

Pioneer Oil & Gas's Asset Turnover for the fiscal year that ended in Sep. 2004 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Sep. 2004 )	/	( (Total Assets (A: Sep. 2003 )	+	Total Assets (A: Sep. 2004 ))	/ count )
=	1.918	/	( (1.182	+	2.385)	/ 2 )
=	1.918	/	1.7835
=	1.08

Pioneer Oil & Gas's Asset Turnover for the quarter that ended in Jun. 2005 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2005 )	/	( (Total Assets (Q: Mar. 2005 )	+	Total Assets (Q: Jun. 2005 ))	/ count )
=	2.741	/	( (4.441	+	7.659)	/ 2 )
=	2.741	/	6.05
=	0.45

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 0.45 mean?

Pioneer Oil & Gas (POGS) has a Asset Turnover of 0.45 as of Jun. 2005. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Pioneer Oil & Gas and its competitors.

Is Pioneer Oil & Gas' Asset Turnover too high?

Pioneer Oil & Gas' current Asset Turnover is 0.45.

How does Pioneer Oil & Gas' Asset Turnover compare to ECT and TRNX?

Pioneer Oil & Gas' Asset Turnover of 0.45 can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good Asset Turnover depends on the Oil & Gas 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 Pioneer Oil & Gas and its competitors. Pioneer Oil & Gas's current Asset Turnover is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pioneer Oil & Gas stock overvalued right now?

Pioneer Oil & Gas (POGS) has a current Asset Turnover of 0.45. The current Asset Turnover is 0.45. 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 Pioneer Oil & Gas (POGS), the current Asset Turnover is 0.45 as of Jun. 2005. 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.

Pioneer Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ECT LSE:VOG LSE:ECHO TRNX LSE:QFI XKLS:7250 HSTC:PGS HKSE:00346 SLNG TSXV:PEA AE HKSE:01251 STC:PGD HKSE:00228 SZSE:002259 TSE:9535 MIC:YAKG KUW:IPG ISX:SURE OSL:AVANCE

Address 1206 West South Jordan Parkway, Unit B, South Jordan, UT, USA, 84095-5512

Website http://www.piol.com

Pioneer Oil & Gas operates in the oil and gas integrated industry. The company is engaged in the business of acquiring, developing, producing, and selling oil and gas properties to companies located in the continental United States. The majority of the company's revenue is derived from royalty income.