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Rentech Nitrogen Partners LP (Rentech Nitrogen Partners LP) Asset Turnover : 0.29 (As of Dec. 2015)


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What is Rentech Nitrogen Partners LP Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Rentech Nitrogen Partners LP's Revenue for the three months ended in Dec. 2015 was $77.4 Mil. Rentech Nitrogen Partners LP's Total Assets for the quarter that ended in Dec. 2015 was $266.2 Mil. Therefore, Rentech Nitrogen Partners LP's Asset Turnover for the quarter that ended in Dec. 2015 was 0.29.

Asset Turnover is linked to ROE % through Du Pont Formula. Rentech Nitrogen Partners LP's annualized ROE % for the quarter that ended in Dec. 2015 was 48.40%. It is also linked to ROA % through Du Pont Formula. Rentech Nitrogen Partners LP's annualized ROA % for the quarter that ended in Dec. 2015 was -27.66%.


Rentech Nitrogen Partners LP Asset Turnover Historical Data

The historical data trend for Rentech Nitrogen Partners LP'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.

Rentech Nitrogen Partners LP Asset Turnover Chart

Rentech Nitrogen Partners LP Annual Data
Trend Sep09 Sep10 Sep11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial 1.38 0.99 0.80 0.82 1.05

Rentech Nitrogen Partners LP Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 0.19 0.17 0.29 0.27 0.29

Competitive Comparison of Rentech Nitrogen Partners LP's Asset Turnover

For the Agricultural Inputs subindustry, Rentech Nitrogen Partners LP'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.


Rentech Nitrogen Partners LP's Asset Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Rentech Nitrogen Partners LP's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Rentech Nitrogen Partners LP's Asset Turnover falls into.



Rentech Nitrogen Partners LP Asset Turnover Calculation

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

Rentech Nitrogen Partners LP's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=340.731/( (406.001+241.37)/ 2 )
=340.731/323.6855
=1.05

Rentech Nitrogen Partners LP's Asset Turnover for the quarter that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2015 )/( (Total Assets (Q: Sep. 2015 )+Total Assets (Q: Dec. 2015 ))/ count )
=77.381/( (291.058+241.37)/ 2 )
=77.381/266.214
=0.29

* 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.


Rentech Nitrogen Partners LP  (NYSE:RNF) Asset Turnover Explanation

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

Rentech Nitrogen Partners LP's annulized ROE % for the quarter that ended in Dec. 2015 is

ROE %**(Q: Dec. 2015 )
=Net Income/Total Stockholders Equity
=-73.624/-152.11
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-73.624 / 309.524)*(309.524 / 266.214)*(266.214/ -152.11)
=Net Margin %*Asset Turnover*Equity Multiplier
=-23.79 %*1.1627*-1.7501
=ROA %*Equity Multiplier
=-27.66 %*-1.7501
=48.40 %

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

Rentech Nitrogen Partners LP's annulized ROA % for the quarter that ended in Dec. 2015 is

ROA %(Q: Dec. 2015 )
=Net Income/Total Assets
=-73.624/266.214
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-73.624 / 309.524)*(309.524 / 266.214)
=Net Margin %*Asset Turnover
=-23.79 %*1.1627
=-27.66 %

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


Rentech Nitrogen Partners LP Asset Turnover Related Terms

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


Rentech Nitrogen Partners LP (Rentech Nitrogen Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Rentech Nitrogen Partners LP is a Delaware limited partnership formed in July 2011. The Company is engaged in manufacturing of nitrogen fertilizer. The Company owns and operates two fertilizer facilities: East Dubuque Facility and Pasadena Facility. The East Dubuque Facility produces ammonia, UAN, liquid and granular urea, nitric acid and food-grade carbon dioxide, or CO2, using natural gas as its primary feedstock. Some of these products are final products sold to customers, and others, including ammonia, are both final products and feedstocks for other products, such as UAN, nitric acid, liquid urea and granular urea. The Pasadena Facility ceased production of diammonium phosphate and monoammonium phosphate. Its Pasadena Facility is the producer of synthetic ammonium sulfate and the third largest producer of ammonium sulfate in North America. The Pasadena Facility's products are applied to many types of crops including soybeans, potatoes, cotton, canola, alfalfa, corn and wheat. The Company is subject to a number of federal and state laws and regulations related to safety, including the federal Occupational Safety and Health Act, or OSHA, and comparable state statutes, the purpose of which are to protect the health and safety of workers.
Executives
Michael S Burke director C/O AECOM TECHNOLOGY CORPORATION, 555 S. FLOWER STREET, SUITE 3700, LOS ANGELES CA 90071
Keith B Forman director, officer: Chief Executive Officer 7200 TEXAS COMMERCE TOWER, 600 TRAVIS ST, HOUSTON TX 77002
John Howard Diesch director, officer: President 1331 17TH STREET, SUITE 720, DENVER CO 80202
Rentech, Inc. 10 percent owner 10877 WILSHIRE BLVD, 10TH FLOOR, LOS ANGELES CA 90024
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Halbert S Washburn director 515 SOUTH FLOWER STREET 48TH FLOOR, SUITE 4800, LOS ANGELES CA 90071