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Forbes Energy Services Ltd   (FES)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

Forbes Energy Services Ltd Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Forbes Energy Services Ltd 's asset turnover ratio, the ratio that measures the ability of Forbes Energy Services Ltd 's assets to generate revenue, sequentially decreased to 0.86 in the first quarter (Mar 31 2020), but it does not raise any concerns as Forbes Energy Services Ltd continue to execute well, and the remains above the average.

Within sector 13 more businesses have achieved higher asset turnover ratio. While Asset turnover ratio total ranking has improved so far during the I Quarter 2020, to 1314, from total ranking in the forth quarter 2019 at 1407.


What is Asset Turnover Ratio?
What is Forbes Energy Services Ltd Market Share?


FES Asset Turnover Ratio (Mar 31 2020)
I. Quarter
(Dec 31 2019)
IV. Quarter
(Sep 30 2019)
III. Quarter
(Jun 30 2019)
II. Quarter
(Mar 31 2019)
I. Quarter
Y / Y Asset Change -48.83 % -27.99 % 6.19 % 25.78 % 27.18 %
Y / Y Revenue Change -47.83 % -82.42 % -7.18 % 23.82 % 64.05 %
Asset Turnover Ratio (TTM) 0.86 0.87 1.49 1.53 1.57
FES's Total Ranking # 1314 # 1407 # 562 # 572 # 576
Seq. Asset Change -30.56 % -7.01 % -15.91 % -5.76 % -2.27 %
Seq. Revenue Change -12.4 % -21.31 % -13.46 % -12.54 % -70.48 %



Asset Turnover Ratio Company Ranking
Within: No.
Oil And Gas Production Industry # 14
Energy Sector # 35
Overall Market # 1314

Asset Turnover Ratio Statistics
High Average Low
1.57 0.79 0.34
(Mar 31 2019)   (Dec 31 2016)







Companies with similar Asset Turnover Ratio for the quarter ending Mar 31 2020, within Energy Sector Asset Turnover Ratio Revenues for 12 Months ending Mar 31 2020 Assets at quarter ending Mar 31 2020
Sunoco Lp  3.03 $ 16,176.000  Millions$ 5,345.500  Millions
Sprague Resources Lp  2.89 $ 3,203.981  Millions$ 1,107.770  Millions
Alpha Metallurgical Resources Inc   2.86 $ 6,846.460  Millions$ 2,391.863  Millions
Crossamerica Partners Lp  2.31 $ 2,141.835  Millions$ 926.478  Millions
Par Pacific Holdings Inc   2.24 $ 5,695.818  Millions$ 2,541.694  Millions
Valero Energy Corp  2.07 $ 106,163.000  Millions$ 51,215.500  Millions
Phillips 66  1.75 $ 100,129.000  Millions$ 57,175.500  Millions
Quintana Energy Services Inc   1.65 $ 435.419  Millions$ 264.561  Millions
Calumet Specialty Products Partners l p   1.63 $ 3,293.900  Millions$ 2,022.125  Millions
Liberty Energy Inc   1.49 $ 1,927.541  Millions$ 1,295.147  Millions
Omega Flex Inc   1.47 $ 109.838  Millions$ 74.559  Millions
Hollyfrontier Corp  1.43 $ 16,989.876  Millions$ 11,920.614  Millions
Nextier Oilfield Solutions Inc   1.36 $ 1,890.273  Millions$ 1,393.858  Millions
Delek Us Holdings Inc   1.35 $ 8,919.500  Millions$ 6,619.050  Millions
Vertex Energy Inc   1.33 $ 160.248  Millions$ 120.876  Millions
Marathon Petroleum Corporation  1.27 $ 120,897.000  Millions$ 94,977.000  Millions
Masco Corporation  1.21 $ 6,380.000  Millions$ 5,260.000  Millions
Martin Midstream Partners L p   1.19 $ 795.034  Millions$ 667.749  Millions
Team Inc   1.18 $ 1,130.554  Millions$ 955.013  Millions
Arch Resources inc   1.16 $ 2,184.334  Millions$ 1,887.348  Millions
Ncs Multistage Holdings Inc   1.07 $ 207.185  Millions$ 193.056  Millions
Babcock and Wilcox Enterprises Inc  1.07 $ 712.702  Millions$ 666.819  Millions
Key Energy Services Inc  1.07 $ 379.889  Millions$ 356.048  Millions
Basic Energy Services Inc   1.06 $ 641.431  Millions$ 602.912  Millions
Rpc inc   1.06 $ 1,131.530  Millions$ 1,064.045  Millions
Dawson Geophysical Company  0.99 $ 133.588  Millions$ 135.225  Millions
Select Water Solutions inc   0.94 $ 1,207.228  Millions$ 1,282.141  Millions
Ramaco Resources Inc   0.94 $ 214.688  Millions$ 229.341  Millions
Core Laboratories Inc   0.87 $ 651.416  Millions$ 747.624  Millions
Forbes Energy Services Ltd   0.85 $ 160.497  Millions$ 189.602  Millions

Date modified: 2023-03-22T03:19:49+00:00



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