SIRC (Solar Integrated Roofing) Asset Turnover: 0.37 (As of Sep. 2022)


What is Solar Integrated Roofing Asset Turnover?

Solar Integrated Roofing SIRC -99.00% Asset Turnover is 0.37 as of Sep. 2022.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Solar Integrated Roofing's Revenue for the three months ended in Sep. 2022 was $57.27 Mil. Solar Integrated Roofing's Total Assets for the quarter that ended in Sep. 2022 was $153.69 Mil. Therefore, Solar Integrated Roofing's Asset Turnover for the quarter that ended in Sep. 2022 was 0.37.

Asset Turnover is linked to ROE % through Du Pont Formula. Solar Integrated Roofing's annualized ROE % for the quarter that ended in Sep. 2022 was 28.39%. It is also linked to ROA % through Du Pont Formula. Solar Integrated Roofing's annualized ROA % for the quarter that ended in Sep. 2022 was 17.10%.

Solar Integrated Roofing  (OTCPK:SIRC) Asset Turnover Explanation

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

Solar Integrated Roofing's annulized ROE % for the quarter that ended in Sep. 2022 is

ROE %**(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=26.288/92.608
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(26.288 / 229.068)*(229.068 / 153.688)*(153.688/ 92.608)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.48 %*1.4905*1.6596
=ROA %*Equity Multiplier
=17.10 %*1.6596
=28.39 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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:

Solar Integrated Roofing's annulized ROA % for the quarter that ended in Sep. 2022 is

ROA %(Q: Sep. 2022 )
=Net Income/Total Assets
=26.288/153.688
=(Net Income / Revenue)*(Revenue / Total Assets)
=(26.288 / 229.068)*(229.068 / 153.688)
=Net Margin %*Asset Turnover
=11.48 %*1.4905
=17.10 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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.

Solar Integrated Roofing Asset Turnover Related Terms

Solar Integrated Roofing Asset Turnover Historical Data

* Premium members only.

The historical data trend for Solar Integrated Roofing'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.

Solar Integrated Roofing Asset Turnover Chart

Solar Integrated Roofing Annual Data
Trend Feb08 Feb09
Asset Turnover
0.00 0.00

Solar Integrated Roofing Quarterly Data
Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Sep21 Sep22
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 0.00 0.00 0.00 52.69 0.37

SIRC vs YGEHY, BSRC: Asset Turnover Comparison

For the Solar subindustry, Solar Integrated Roofing'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.

Solar Integrated Roofing Asset Turnover vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Integrated Roofing's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Solar Integrated Roofing's Asset Turnover falls into.


Solar Integrated Roofing Asset Turnover Calculation

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

Solar Integrated Roofing's Asset Turnover for the fiscal year that ended in Feb. 2009 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2009 )/( (Total Assets (A: Feb. 2008 )+Total Assets (A: Feb. 2009 ))/ count )
=0/( (1.363+0.78)/ 2 )
=0/1.0715
=0.00

Solar Integrated Roofing's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2022 )/( (Total Assets (Q: Sep. 2021 )+Total Assets (Q: Sep. 2022 ))/ count )
=57.267/( (0+153.688)/ 1 )
=57.267/153.688
=0.37

* 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 0.37 mean?
Solar Integrated Roofing (SIRC) has a Asset Turnover of 0.37 as of Sep. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Solar Integrated Roofing and its competitors.
Is Solar Integrated Roofing's Asset Turnover too high?
Solar Integrated Roofing's current Asset Turnover is 0.37.
How does Solar Integrated Roofing's Asset Turnover compare to YGEHY and BSRC?
Solar Integrated Roofing's Asset Turnover of 0.37 can be compared against companies in the Semiconductors 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 a Semiconductors company?
A good Asset Turnover depends on the Semiconductors 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 Solar Integrated Roofing and its competitors. Solar Integrated Roofing's current Asset Turnover is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Integrated Roofing stock overvalued right now?
Solar Integrated Roofing (SIRC) has a current Asset Turnover of 0.37. The current Asset Turnover is 0.37. 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 Solar Integrated Roofing (SIRC), the current Asset Turnover is 0.37 as of Sep. 2022. 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.

Solar Integrated Roofing Business Description

Address 2831 Saint Rose Parkway, Suite 200, Henderson, NV, USA, 89052
Solar Integrated Roofing Corp is an integrated, single-source solar power, EV (Electric Vehicle) charging, microgrids and roofing systems installation company providing products and services to government, commercial and residential facilities, and properties. The company has segments namely: Solar Residential; Solar Commercial; Roofing Construction; EV Charging; and Supplemental. It derives maximum revenue from Solar Commercial Segment.