Approach Resources Inc Asset Turnover Ratio (AREX), as of third quarter 2019, current and historic results, rankings and more - CSIMarket
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• Sales per Employee
• Income per Employee
• Inventory Turnover
• Asset Turnover
• Receivables Turnover
Approach Resources Inc  (NASDAQ: AREX)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy
 

Approach Resources Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Approach Resources Inc's asset turnover ratio, the ratio that measures the ability of Approach Resources Inc's assets to generate revenue, sequentially decreased to 0.07 in the third quarter (Sep 30 2019), which does not come as a surprise, as the Approach Resources Inc continue to experience difficult business climate.

Within sector 22 more businesses have achieved higher asset turnover ratio. While Asset turnover ratio total ranking has improved so far during the III Quarter 2019, to 1012, from total ranking in the second quarter 2019 at 3520.

Asset Turnover Ratio Definition


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AREX Asset Turnover Ratio (Sep 30 2019)
III. Quarter		 (Jun 30 2019)
II. Quarter		 (Mar 31 2019)
I. Quarter		 (Dec 31 2018)
IV. Quarter		 (Sep 30 2018)
III. Quarter
Y / Y Asset Change -4.36 % -2.3 % -0.27 % -1.35 % 0.43 %
Y / Y Revenue Change -52.66 % -51.46 % -33.12 % -21.26 % 27.16 %
Asset Turnover Ratio (TTM) 0.07 0.08 0.1 0.1 0.11
AREX's Total Ranking # 1012 # 3520 # 3436 # 1008 # 3065
Seq. Asset Change -1.6 % -2.22 % 0.56 % -1.15 % 0.52 %
Seq. Revenue Change 4.73 % -23.5 % -14 % -31.28 % 7.37 %



Asset Turnover Ratio Company Ranking
Within: No.
Oil And Gas Production Industry # 23
Energy Sector # 47
Overall Market # 1012

Asset Turnover Ratio Statistics
High Average Low
12.17 11.06 8.51
(Jun 30 2019)   (Dec 31 2015)




AREX Company Profile • Back to AREX Efficiency Comparisons • Compare AREX Asset Turnover Ratio to its Competitors



Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2019, within Energy Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2019 Assets at quarter ending Sep 30 2019
Chaparral Energy Inc   0.18 $ 232.291  Millions$ 1,270.113  Millions
Reserve Petroleum Co  0.17 $ 6.602  Millions$ 37.929  Millions
Foothills Exploration, Inc.  0.17 $ 2.338  Millions$ 13.498  Millions
Concho Resources Inc   0.17 $ 4,413.000  Millions$ 26,018.000  Millions
Yuma Energy, Inc.  0.17 $ 11.343  Millions$ 67.348  Millions
Earthstone Energy Inc   0.16 $ 165.709  Millions$ 1,031.659  Millions
Callon Petroleum Co  0.16 $ 637.372  Millions$ 4,005.107  Millions
Diamond Offshore Drilling Inc   0.16 $ 936.790  Millions$ 5,999.112  Millions
Diamondback Energy Inc   0.15 $ 3,493.000  Millions$ 22,646.922  Millions
Abundia Global Impact Group Inc   0.15 $ 1.200  Millions$ 7.846  Millions
Evolve Transition Infrastructure Lp  0.14 $ 67.046  Millions$ 471.839  Millions
Battalion Oil Corp  0.14 $ 219.447  Millions$ 1,551.137  Millions
Vivint Solar Inc   0.14 $ 341.793  Millions$ 2,462.801  Millions
Apache Offshore Investment Partnership  0.13 $ 1.262  Millions$ 9.351  Millions
Kimbell Royalty Partners lp  0.13 $ 113.114  Millions$ 839.229  Millions
Royale Energy Inc  0.13 $ 2.923  Millions$ 21.704  Millions
Gb Sciences Inc  0.13 $ 3.900  Millions$ 29.786  Millions
Noble Corporation Plc  0.13 $ 1,161.242  Millions$ 8,959.368  Millions
Petro River Oil Corp.  0.13 $ 1.254  Millions$ 9.952  Millions
Pedevco Corp   0.12 $ 10.489  Millions$ 91.185  Millions
Trillion Energy International Inc   0.11 $ 0.915  Millions$ 8.416  Millions
Mach Natural Resources Lp  0.09 $ 158.522  Millions$ 1,846.635  Millions
Sustainable Projects Group Inc   0.08 $ 0.239  Millions$ 2.836  Millions
Viking Energy Group Inc   0.08 $ 11.362  Millions$ 136.119  Millions
New Concept Energy Inc   0.08 $ 0.609  Millions$ 7.442  Millions
Citadel Exploration, Inc.  0.07 $ 0.512  Millions$ 6.887  Millions
Approach Resources Inc  0.07 $ 71.754  Millions$ 1,077.031  Millions
Transocean ltd   0.06 $ 1,632.000  Millions$ 25,297.000  Millions
Amazing Energy Oil and Gas Co   0.06 $ 0.695  Millions$ 11.668  Millions
Redhawk Holdings Corp   0.06 $ 0.133  Millions$ 2.363  Millions



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