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Energy Fuels (TSX:EFR) Asset Turnover : 0.06 (As of Mar. 2024)


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What is Energy Fuels Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Energy Fuels's Revenue for the three months ended in Mar. 2024 was C$34.42 Mil. Energy Fuels's Total Assets for the quarter that ended in Mar. 2024 was C$544.26 Mil. Therefore, Energy Fuels's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Energy Fuels's annualized ROE % for the quarter that ended in Mar. 2024 was 3.85%. It is also linked to ROA % through Du Pont Formula. Energy Fuels's annualized ROA % for the quarter that ended in Mar. 2024 was 3.62%.


Energy Fuels Asset Turnover Historical Data

The historical data trend for Energy Fuels'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.

Energy Fuels Asset Turnover Chart

Energy Fuels 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 0.03 0.01 0.01 0.04 0.11

Energy Fuels Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.06 0.02 0.03 - 0.06

Competitive Comparison of Energy Fuels's Asset Turnover

For the Uranium subindustry, Energy Fuels'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.


Energy Fuels's Asset Turnover Distribution in the Other Energy Sources Industry

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

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



Energy Fuels Asset Turnover Calculation

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

Energy Fuels'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 )
=50.884/( (372.157+539.241)/ 2 )
=50.884/455.699
=0.11

Energy Fuels's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=34.417/( (539.241+549.273)/ 2 )
=34.417/544.257
=0.06

* 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.


Energy Fuels  (TSX:EFR) Asset Turnover Explanation

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

Energy Fuels's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=19.704/511.425
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(19.704 / 137.668)*(137.668 / 544.257)*(544.257/ 511.425)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.31 %*0.2529*1.0642
=ROA %*Equity Multiplier
=3.62 %*1.0642
=3.85 %

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

Energy Fuels's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=19.704/544.257
=(Net Income / Revenue)*(Revenue / Total Assets)
=(19.704 / 137.668)*(137.668 / 544.257)
=Net Margin %*Asset Turnover
=14.31 %*0.2529
=3.62 %

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


Energy Fuels Asset Turnover Related Terms

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


Energy Fuels (TSX:EFR) Business Description

Traded in Other Exchanges
Address
225 Union Boulevard, Suite 600, Lakewood, CO, USA, 80228
Energy Fuels Inc is a United States-based critical minerals company. The Company mines uranium and produces natural uranium concentrates that are sold to nuclear utilities for the production of carbon-free nuclear energy. It holds two of America's key uranium production centers: The White Mesa Mill in Utah, and the Nichols Ranch ISR Facility in Wyoming. Its producing White Mesa Mill is the only conventional uranium mill in the United States and has a licensed capacity of approximately 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of approximately 2 million pounds of U3O8 per year. It also produces vanadium. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.
Executives
James Birks Bovaird Director

Energy Fuels (TSX:EFR) Headlines

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