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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. SPI Energy Co's Revenue for the three months ended in Sep. 2023 was $55.9 Mil. SPI Energy Co's Total Assets for the quarter that ended in Sep. 2023 was $230.4 Mil. Therefore, SPI Energy Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.24.
Asset Turnover is linked to ROE % through Du Pont Formula. SPI Energy Co's annualized ROE % for the quarter that ended in Sep. 2023 was -106.32%. It is also linked to ROA % through Du Pont Formula. SPI Energy Co's annualized ROA % for the quarter that ended in Sep. 2023 was -3.47%.
The historical data trend for SPI Energy Co'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.
SPI Energy Co Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.50 | 0.53 | 0.70 | 0.73 | 0.77 |
SPI Energy Co Quarterly Data | ||||||||||||||||||||
Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Asset Turnover | Get a 7-Day Free Trial | 0.19 | 0.22 | 0.21 | 0.26 | 0.24 |
For the Solar subindustry, SPI Energy Co'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 Semiconductors industry and Technology sector, SPI Energy Co's Asset Turnover distribution charts can be found below:
* The bar in red indicates where SPI Energy Co's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
SPI Energy Co's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 177.518 | / | ( (228.08 | + | 231.095) | / 2 ) |
= | 177.518 | / | 229.5875 | |||
= | 0.77 |
SPI Energy Co's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 55.928 | / | ( (230.539 | + | 230.192) | / 2 ) |
= | 55.928 | / | 230.3655 | |||
= | 0.24 |
* 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.
SPI Energy Co (NAS:SPI) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
SPI Energy Co's annulized ROE % for the quarter that ended in Sep. 2023 is
ROE %** | (Q: Sep. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -8 | / | 7.5245 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-8 / 223.712) | * | (223.712 / 230.3655) | * | (230.3655/ 7.5245) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -3.58 % | * | 0.9711 | * | 30.6154 |
= | ROA % | * | Equity Multiplier | ||
= | -3.47 % | * | 30.6154 | ||
= | -106.32 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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:
SPI Energy Co's annulized ROA % for the quarter that ended in Sep. 2023 is
ROA % | (Q: Sep. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -8 | / | 230.3655 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-8 / 223.712) | * | (223.712 / 230.3655) |
= | Net Margin % | * | Asset Turnover |
= | -3.58 % | * | 0.9711 |
= | -3.47 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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 SPI Energy Co's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Dejun Ye | officer: Chief Executive Officer | ROOM 502, NO.16, LANE 28, EAST GUILIN ST, XUHUI DISTRICT, SHANGHAI F4 200235 |
Yunan Ren | director | C/O TIGER MEDIA, INC. ROOM 1705, 511 WEIHAI ROAD, JING AN DISTRICT, SHANGHAI F4 200041 |
Jing Liu | officer: Chief Financial Officer | RM 1708 YINGU PLZA NO.9 OF N 4TH, RING ROAD WEST HAIDIAN DISTRICT, BEIJING F4 100080 |
Gang Dong | director | 2512,COSCO TOWER, 183 QUEEN'S ROAD CENTRAL, SHEUNG WAN K3 852 |
Xiaofeng Pen | director | 7TH FLOOR, BUILDING B, 2145 LONG, JINSHAJIANG ROAD, PUTUO DISTRICT, SHANGHAI F4 200333 |
Hoong Khoeng Cheong | officer: Chief Operating Officer | #04-152, BLOCK 532, BUKIT BATOK ST 5 1, SINGAPORE U0 650532 |
Lang Zhou | director | LDK SOLAR, SAIWEI ROAD, HIGH-TEC ZONE, XINYU F4 338000 |
Xiahou Min | director, officer: Chief Executive Officer | LDK SOLAR,SAIWEI ROAD, HIGH-TECH ZONE, XINYU CITY F4 338000 |
Charlotte Xi Klein | officer: President, Global COO, CFO | 201 CALIFORNIA STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
James Pekarsky | officer: Chief Financial Officer | 1349A OLIVE STREET, SAN CARLO CA 94070 |
Dennis Wu | director | SOLAR POWER INC, 2240 DOUGLAS BLVD, SUITE 200, ROSEVILLE CA 95661 |
Ldk Solar Co., Ltd. | 10 percent owner | HIGH-TECH INDUSTRIAL PARK, XINYU CITY, JIANGXI PROVINCE F4 338032 |
Jack K Lai | director | C/O LDK SOLAR USA, INC., 1290 OAKMEAD PARKWAY, SUITE 306, SUNNYVALE CA 94085 |
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