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REPX (Riley Exploration Permian) Asset Turnover : 0.11 (As of Jun. 2024)


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What is Riley Exploration Permian Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Riley Exploration Permian's Revenue for the three months ended in Jun. 2024 was $105.4 Mil. Riley Exploration Permian's Total Assets for the quarter that ended in Jun. 2024 was $979.7 Mil. Therefore, Riley Exploration Permian's Asset Turnover for the quarter that ended in Jun. 2024 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Riley Exploration Permian's annualized ROE % for the quarter that ended in Jun. 2024 was 29.06%. It is also linked to ROA % through Du Pont Formula. Riley Exploration Permian's annualized ROA % for the quarter that ended in Jun. 2024 was 13.70%.


Riley Exploration Permian Asset Turnover Historical Data

The historical data trend for Riley Exploration Permian'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.

Riley Exploration Permian Asset Turnover Chart

Riley Exploration Permian Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Sep21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.43 0.77 0.71 0.51

Riley Exploration Permian Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.13 0.12 0.11 0.11 0.11

Competitive Comparison of Riley Exploration Permian's Asset Turnover

For the Oil & Gas E&P subindustry, Riley Exploration Permian'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.


Riley Exploration Permian's Asset Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Riley Exploration Permian's Asset Turnover falls into.



Riley Exploration Permian Asset Turnover Calculation

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

Riley Exploration Permian'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 )
=375.047/( (515.294+945.711)/ 2 )
=375.047/730.5025
=0.51

Riley Exploration Permian's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=105.403/( (956.366+1002.957)/ 2 )
=105.403/979.6615
=0.11

* 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.


Riley Exploration Permian  (AMEX:REPX) Asset Turnover Explanation

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

Riley Exploration Permian's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=134.192/461.821
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(134.192 / 421.612)*(421.612 / 979.6615)*(979.6615/ 461.821)
=Net Margin %*Asset Turnover*Equity Multiplier
=31.83 %*0.4304*2.1213
=ROA %*Equity Multiplier
=13.70 %*2.1213
=29.06 %

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

Riley Exploration Permian's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=134.192/979.6615
=(Net Income / Revenue)*(Revenue / Total Assets)
=(134.192 / 421.612)*(421.612 / 979.6615)
=Net Margin %*Asset Turnover
=31.83 %*0.4304
=13.70 %

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


Riley Exploration Permian Asset Turnover Related Terms

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


Riley Exploration Permian Business Description

Traded in Other Exchanges
N/A
Address
29 E. Reno Avenue, Suite 500, Oklahoma City, OK, USA, 73104
Riley Exploration Permian Inc is engaged in the business of exploration for and production of oil and natural gas. The company operations are in Kansas Properties, and Tennessee Properties, among others.
Executives
Bobby Riley director, officer: CHIEF EXECUTIVE OFFICER 29 EAST RENO, SUITE 500, OKLAHOMA CITY OK 73104
Riley Corey Neil officer: EVP BUSINESS INTELLIGENCE 4430 CRITTENDEN DRIVE, NORMAN OK 73072
Bryan H Lawrence director C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201
Riley Exploration Group, Llc 10 percent owner 2008 NORTH COUNCIL AVE, BLANCHARD OK 73010
Bluescape Energy Recapitalization & Restructuring Fund Iii Lp 10 percent owner 200 CRESCENT COURT, STE. 1900, DALLAS TX 75201
Alvin Gerald Libin 10 percent owner 3200 255 5TH AVENUE SW, CALGARY A0 T2P 3G6
Kevin Riley officer: PRESIDENT 29 EAST RENO, SUITE 500, OKLAHOMA CITY OK 73104
E Wayne Nordberg director C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170
Brent Alexander Arriaga director 12330 BROKEN BOUGH DR, HOUSTON TX 77024
Philip A Riley officer: EVP STRATEGY 919 MILAM STREET, SUITE 550, HOUSTON TX 77005
Rebecca L Bayless director 18 MAYMONT WAY, THE WOODLANDS TX 77382
Balmon Investments Ltd. 10 percent owner 3200 255 5TH AVENUE SW, CALGARY A0 T2P 3G6
Estate Of Antonie Vandenbrink 10 percent owner 59 BELAIRE PLACE SW, CALGARY A0 T2V2C3
Di Santo Beth A director 170 CHRISTOPHER STREET, NEW YORK NY 10014
Amber Bonney officer: Chief Accounting Officer 914 N. BROADWAY, SUITE 230, OKLAHOMA CITY OK 73102