Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. US Concrete's Revenue for the
three
months ended in Jun. 2021 was $327 Mil. US Concrete's Total Assets for the quarter that ended in Jun. 2021 was $1,518 Mil. Therefore, US Concrete's Asset Turnover for the quarter that ended in Jun. 2021 was 0.22.
Asset Turnover is linked to ROE % through Du Pont Formula. US Concrete's annualizedROE % for the quarter that ended in Jun. 2021 was -22.40%. It is also linked to ROA % through Du Pont Formula. US Concrete's annualizedROA % for the quarter that ended in Jun. 2021 was -5.35%.
US Concrete Asset Turnover Historical Data
The historical data trend for US Concrete'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.
Competitive Comparison of US Concrete's Asset Turnover
For the Building Materials subindustry, US Concrete'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.
US Concrete's Asset Turnover Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, US Concrete's Asset Turnover distribution charts can be found below:
* The bar in red indicates where US Concrete's Asset Turnover falls into.
US Concrete Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
US Concrete's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as
* 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.
US Concrete (NAS:USCR) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
US Concrete's annulizedROE % for the quarter that ended in Jun. 2021 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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:
US Concrete's annulizedROA % for the quarter that ended in Jun. 2021 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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.
US Concrete Asset Turnover Related Terms
Thank you for viewing the detailed overview of US Concrete's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
U.S. Concrete sells ready-mixed concrete in several major markets in the United States, primarily in Texas, northern California, and the New York metro area. While U.S. Concrete also produces aggregates in some of its markets and has made more acquisitions in this area in recent years, the company primarily uses its aggregates production internally for its ready-mixed concrete operations. During 2020, U.S. Concrete sold approximately 8.2 million cubic yards of ready-mixed concrete and approximately 12.6 million tons of aggregates.
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