UNRG (United Energy) Asset Turnover: 0.13 (As of Dec. 2010)

What is United Energy Asset Turnover?

United Energy UNRG +2.73% Asset Turnover is 0.13 as of Dec. 2010.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. United Energy's Revenue for the three months ended in Dec. 2010 was $0.11 Mil. United Energy's Total Assets for the quarter that ended in Dec. 2010 was $0.87 Mil. Therefore, United Energy's Asset Turnover for the quarter that ended in Dec. 2010 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. United Energy's annualized ROE % for the quarter that ended in Dec. 2010 was 542.86%. It is also linked to ROA % through Du Pont Formula. United Energy's annualized ROA % for the quarter that ended in Dec. 2010 was -113.11%.

United Energy (OTCPK:UNRG) Asset Turnover Explanation

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

United Energy's annulized ROE % for the quarter that ended in Dec. 2010 is

	ROE %^**		(Q: Dec. 2010 )
=	Net Income	/	Total Stockholders Equity
=	-0.988	/	-0.182
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-0.988 / 0.44)	*	(0.44 / 0.8735)	*	(0.8735/ -0.182)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-224.55 %	*	0.5037	*	-4.7995
=	ROA %	*	Equity Multiplier
=	-113.11 %	*	-4.7995
=	542.86 %

Note: The Net Income data used here is four times the quarterly (Dec. 2010) net income data. The Revenue data used here is four times the quarterly (Dec. 2010) 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:

United Energy's annulized ROA % for the quarter that ended in Dec. 2010 is

	ROA %		(Q: Dec. 2010 )
=	Net Income	/	Total Assets
=	-0.988	/	0.8735
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-0.988 / 0.44)	*	(0.44 / 0.8735)
=	Net Margin %	*	Asset Turnover
=	-224.55 %	*	0.5037
=	-113.11 %

Note: The Net Income data used here is four times the quarterly (Dec. 2010) net income data. The Revenue data used here is four times the quarterly (Dec. 2010) 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.

United Energy Asset Turnover Related Terms

United Energy Asset Turnover Historical Data

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The historical data trend for United Energy's Asset Turnover can be seen below:

United Energy Asset Turnover Chart

United Energy Annual Data

Trend

Mar01

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Asset Turnover

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0.12

0.17

0.38

0.85

1.73

United Energy Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
Asset Turnover	Get a 7-Day Free Trial															0.40	0.30	0.41	0.42	0.13

UNRG vs GLYE: Asset Turnover Comparison

For the Oil & Gas E&P subindustry, United 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.

United Energy Asset Turnover vs Oil & Gas Industry

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

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

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United Energy Asset Turnover Calculation

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

United Energy's Asset Turnover for the fiscal year that ended in Mar. 2010 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2010 )	/	( (Total Assets (A: Mar. 2009 )	+	Total Assets (A: Mar. 2010 ))	/ count )
=	1.772	/	( (0.933	+	1.12)	/ 2 )
=	1.772	/	1.0265
=	1.73

United Energy's Asset Turnover for the quarter that ended in Dec. 2010 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2010 )	/	( (Total Assets (Q: Sep. 2010 )	+	Total Assets (Q: Dec. 2010 ))	/ count )
=	0.11	/	( (1.016	+	0.731)	/ 2 )
=	0.11	/	0.8735
=	0.13

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 0.13 mean?

United Energy (UNRG) has a Asset Turnover of 0.13 as of Dec. 2010. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on United Energy and its competitors.

Is United Energy's Asset Turnover too high?

United Energy's current Asset Turnover is 0.13.

How does United Energy's Asset Turnover compare to GLYE?

United Energy's Asset Turnover of 0.13 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 United Energy and its competitors. United Energy's current Asset Turnover is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is United Energy stock overvalued right now?

United Energy (UNRG) has a current Asset Turnover of 0.13. The current Asset Turnover is 0.13. 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 United Energy (UNRG), the current Asset Turnover is 0.13 as of Dec. 2010. 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.

United Energy Business Description

Industry Energy Oil & Gas

Comparable Companies BOM:514223 BOM:509449 BOM:524610 BOM:530429 BOM:539288 BOM:531157 BOM:524614 BOM:531893 BOM:505506 BOM:530191 BOM:513642 BOM:526269 BOM:506858 BOM:526901 BOM:507515 BOM:530197 BOM:523836 GLYE BOM:530133 TSXV:CNO

Address 101 East Park Boulevard, 6th Floor, Suite 600, Plano, TX, USA, 75074

Website https://www.unrgcorp.com

United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana. It owns or has operations in over 200,000 acres of leasehold properties, 2,000 wells, and 1,100 miles of natural gas pipelines.