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Quicksilver Resources (FRA:QSR) Asset Turnover : 0.08 (As of Sep. 2015)


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What is Quicksilver Resources Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Quicksilver Resources's Revenue for the three months ended in Sep. 2015 was €52.6 Mil. Quicksilver Resources's Total Assets for the quarter that ended in Sep. 2015 was €692.8 Mil. Therefore, Quicksilver Resources's Asset Turnover for the quarter that ended in Sep. 2015 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Quicksilver Resources's annualized ROE % for the quarter that ended in Sep. 2015 was 48.04%. It is also linked to ROA % through Du Pont Formula. Quicksilver Resources's annualized ROA % for the quarter that ended in Sep. 2015 was -94.76%.


Quicksilver Resources Asset Turnover Historical Data

The historical data trend for Quicksilver Resources'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.

Quicksilver Resources Asset Turnover Chart

Quicksilver Resources Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.25 0.26 0.40 0.47

Quicksilver Resources Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 0.14 0.16 0.10 0.06 0.08

Competitive Comparison of Quicksilver Resources's Asset Turnover

For the Oil & Gas E&P subindustry, Quicksilver Resources'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.


Quicksilver Resources's Asset Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Quicksilver Resources's Asset Turnover falls into.



Quicksilver Resources Asset Turnover Calculation

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

Quicksilver Resources's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=461.806/( (999.9+984.799)/ 2 )
=461.806/992.3495
=0.47

Quicksilver Resources's Asset Turnover for the quarter that ended in Sep. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2015 )/( (Total Assets (Q: Jun. 2015 )+Total Assets (Q: Sep. 2015 ))/ count )
=52.557/( (790.019+595.601)/ 2 )
=52.557/692.81
=0.08

* 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.


Quicksilver Resources  (FRA:QSR) Asset Turnover Explanation

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

Quicksilver Resources's annulized ROE % for the quarter that ended in Sep. 2015 is

ROE %**(Q: Sep. 2015 )
=Net Income/Total Stockholders Equity
=-656.532/-1366.6255
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-656.532 / 210.228)*(210.228 / 692.81)*(692.81/ -1366.6255)
=Net Margin %*Asset Turnover*Equity Multiplier
=-312.3 %*0.3034*-0.5069
=ROA %*Equity Multiplier
=-94.76 %*-0.5069
=48.04 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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:

Quicksilver Resources's annulized ROA % for the quarter that ended in Sep. 2015 is

ROA %(Q: Sep. 2015 )
=Net Income/Total Assets
=-656.532/692.81
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-656.532 / 210.228)*(210.228 / 692.81)
=Net Margin %*Asset Turnover
=-312.3 %*0.3034
=-94.76 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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.


Quicksilver Resources Asset Turnover Related Terms

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


Quicksilver Resources (FRA:QSR) Business Description

Traded in Other Exchanges
N/A
Address
Quicksilver Resources Inc was organized as a Delaware corporation in 1997 and became a public company in 1999. It is an independent oil and gas company engaged in the acquisition, exploration, development and production of onshore oil and natural gas in North America and are based in Fort Worth, Texas. The Company focuses on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shales and coalbeds. Its producing oil and natural gas properties in the United States are principally located in Texas and in Canada in Alberta and British Columbia. Its three core development areas include: Barnett Shale; Horn River; and Horseshoe Canyon. Additionally, It has an oil exploration opportunity in the Delaware basin in western Texas. The Company competes for acquisitions of prospective oil and natural gas properties and oil and gas reserves. Its oil and natural gas operations are focused onshore in North America, in basins containing unconventional reservoirs with predictable, long-lived production. Its current production and development operations are concentrated in its three core areas: the Barnett Shale, Horn River and Horseshoe Canyon. The Company compete for acquisitions of prospective oil and natural gas properties and oil and natural gas reserves. It also compete for drilling rigs and equipment used to drill for and produce oil and natural gas. The Company is subject to a number of federal, state, provincial and local laws and regulations, whose purpose is to protect the health and safety of workers, both generally and within Its industry.