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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Renewable Energy Group's Revenue for the three months ended in Mar. 2022 was $936 Mil. Renewable Energy Group's Total Assets for the quarter that ended in Mar. 2022 was $2,593 Mil. Therefore, Renewable Energy Group's Asset Turnover for the quarter that ended in Mar. 2022 was 0.36.
Asset Turnover is linked to ROE % through Du Pont Formula. Renewable Energy Group's annualized ROE % for the quarter that ended in Mar. 2022 was 2.88%. It is also linked to ROA % through Du Pont Formula. Renewable Energy Group's annualized ROA % for the quarter that ended in Mar. 2022 was 1.92%.
The historical data trend for Renewable Energy Group'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.
Renewable Energy Group Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 2.01 | 2.24 | 1.82 | 1.32 | 1.61 |
Renewable Energy Group Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Asset Turnover | Get a 7-Day Free Trial | 0.33 | 0.39 | 0.41 | 0.35 | 0.36 |
For the Oil & Gas Refining & Marketing subindustry, Renewable Energy Group'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.
For the Oil & Gas industry and Energy sector, Renewable Energy Group's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Renewable Energy Group's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Renewable Energy Group's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2021 ) | / | ( (Total Assets (A: Dec. 2020 ) | + | Total Assets (A: Dec. 2021 )) | / count ) |
= | 3244.05 | / | ( (1461.398 | + | 2558.944) | / 2 ) |
= | 3244.05 | / | 2010.171 | |||
= | 1.61 |
Renewable Energy Group's Asset Turnover for the quarter that ended in Mar. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Mar. 2022 ) | / | ( (Total Assets (Q: Dec. 2021 ) | + | Total Assets (Q: Mar. 2022 )) | / count ) |
= | 935.989 | / | ( (2558.944 | + | 2628.046) | / 2 ) |
= | 935.989 | / | 2593.495 | |||
= | 0.36 |
* 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.
Renewable Energy Group (NAS:REGI) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Renewable Energy Group's annulized ROE % for the quarter that ended in Mar. 2022 is
ROE %** | (Q: Mar. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 49.908 | / | 1730.8995 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (49.908 / 3743.956) | * | (3743.956 / 2593.495) | * | (2593.495/ 1730.8995) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1.33 % | * | 1.4436 | * | 1.4984 |
= | ROA % | * | Equity Multiplier | ||
= | 1.92 % | * | 1.4984 | ||
= | 2.88 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 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:
Renewable Energy Group's annulized ROA % for the quarter that ended in Mar. 2022 is
ROA % | (Q: Mar. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 49.908 | / | 2593.495 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (49.908 / 3743.956) | * | (3743.956 / 2593.495) |
= | Net Margin % | * | Asset Turnover |
= | 1.33 % | * | 1.4436 |
= | 1.92 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Thank you for viewing the detailed overview of Renewable Energy Group's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Stacey Orlandi | other: SVP, Manufacturing | C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010 |
Eric Bowen | officer: VP, Corp Bus Dev and Legal | C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010 |
Dylan Glenn | director | 535 BROAD HOLLOW ROAD, SUITE B51, MELVILLE NY 11747 |
Niharika Ramdev | director | C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135 |
Todd Samuels | other: Chief Accounting Officer | C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010 |
Chad Stone | officer: Chief Financial Officer | REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010 |
Cynthia J Warner | director, officer: President and CEO | 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045 |
Harding Peter John Martin | director | 416 S. BELL AVE. AMES IA 50010 |
Richard Craig Bealmear | officer: Chief Financial Officer | 1114 COLFAX STREET EVANSTON IL 60201 |
Jeffrey Stroburg | director | REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010 |
Christopher D. Sorrells | director | REG NEWCO, INC., 416 S. BELL AVENUE, AMES IA 50010 |
Todd Allen Robinson | officer: InterimChief Financial Officer | RENEWABLE ENERGY, INC. 416 SOUTH BELL AVENUE AMES IA 50010 |
Walter Z Berger | director | 416 SOUTH BELL AVENUE, AMES IA 50010 |
Gary Haer | officer: VP, Sales and Marketing | 416 SOUTH BELL AVENUE C/O RENEWABLE ENERGY GROUP, INC. AMES IA 50010 |
Michael M Scharf | director | 12312 OLIVE BOULEVARD SUITE 400 ST. LOUIS MO 63141 |
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