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New Fortress Energy Inc (NFE) |
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New Fortress Energy Inc Asset Turnover Ratio
Quarterly Results, Trends, Rankings, Statistics
Due to the increase in investments during the third quarter 2023, New Fortress Energy Inc 's asset turnover ratio sequentially decreased to 0.25 in the third quarter (Sep 30 2023), this is lower than usual.
Within sector 34 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Third Quarter 2023 compared to the preceding quarter from 1910 to 2808.
What is Asset Turnover Ratio?
What is New Fortress Energy Inc Market Share?
Select the Comparisons :
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Select the Ratio:
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NFE Asset Turnover Ratio |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Y / Y Asset Change |
31.65 % |
26.02 % |
11.66 % |
12.09 % |
11.67 % |
Y / Y Revenue Change |
-29.71 % |
-4.02 % |
14.65 % |
-15.77 % |
140.25 % |
Asset Turnover Ratio (TTM) |
0.25 |
0.3 |
0.32 |
0.32 |
0.34 |
NFE's Total
Ranking |
# 2808 |
# 1910 |
# 2710 |
# 1728 |
# 2134 |
Seq. Asset Change |
7.22 % |
11.11 % |
6.71 % |
3.56 % |
2.64 % |
Seq. Revenue Change |
-8.35 % |
-3.07 % |
6 % |
-25.35 % |
25.15 % |
Asset Turnover Ratio Statistics |
High |
Average |
Low |
0.34 |
0.27 |
0.13 |
(Sep 30 2022) |
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(Jun 30 2020) |
Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Utilities Sector | Asset Turnover Ratio | Revenues for 12 Months ending Sep 30 2023 | Assets at quarter ending Sep 30 2023 | Cheniere Energy Partners L p | 0.62 | $ 11,699.000 Millions | $ 19,019.750 Millions | Oneok Inc | 0.60 | $ 17,474.031 Millions | $ 29,205.024 Millions | Cheniere Energy Inc | 0.60 | $ 24,656.000 Millions | $ 41,263.250 Millions | Transmontaigne Partners llc | 0.57 | $ 779.017 Millions | $ 1,371.499 Millions | Ugi Corporation | 0.56 | $ 8,928.000 Millions | $ 16,050.250 Millions | Montauk Renewables Inc | 0.53 | $ 177.744 Millions | $ 334.651 Millions | Opal Fuels Inc | 0.52 | $ 338.081 Millions | $ 653.490 Millions | Vistra Corp | 0.49 | $ 15,569.000 Millions | $ 31,580.250 Millions | Excelerate Energy Inc | 0.47 | $ 1,374.009 Millions | $ 2,917.846 Millions | Genesis Energy Lp | 0.47 | $ 3,116.929 Millions | $ 6,640.088 Millions | Otter Tail Corporation | 0.44 | $ 1,336.262 Millions | $ 3,042.632 Millions | Xcel Energy Inc | 0.43 | $ 26,436.000 Millions | $ 61,665.250 Millions | Usa Compression Partners Lp | 0.43 | $ 1,145.812 Millions | $ 2,680.263 Millions | Nisource Inc | 0.43 | $ 11,576.000 Millions | $ 27,190.550 Millions | Clean Energy Fuels Corp | 0.41 | $ 432.058 Millions | $ 1,065.831 Millions | Unitil Corporation | 0.37 | $ 589.000 Millions | $ 1,605.150 Millions | Archrock inc | 0.36 | $ 949.615 Millions | $ 2,642.697 Millions | One Gas Inc | 0.34 | $ 2,584.281 Millions | $ 7,491.054 Millions | Rgc Resources Inc | 0.32 | $ 97.440 Millions | $ 300.725 Millions | Dte Energy Co | 0.32 | $ 13,827.000 Millions | $ 42,963.000 Millions | Ipalco Enterprises Inc | 0.32 | $ 1,774.372 Millions | $ 5,620.522 Millions | Mplx Lp | 0.31 | $ 10,977.000 Millions | $ 35,832.500 Millions | New Jersey Resources Corporation | 0.30 | $ 1,962.994 Millions | $ 6,439.076 Millions | Chesapeake Utilities Corporation | 0.30 | $ 672.570 Millions | $ 2,214.456 Millions | Enbridge Inc | 0.30 | $ 47,133.370 Millions | $ 156,723.298 Millions | Allete Inc | 0.28 | $ 1,902.900 Millions | $ 6,690.700 Millions | Mge Energy Inc | 0.28 | $ 715.612 Millions | $ 2,547.600 Millions | Portland General Electric Company | 0.28 | $ 2,885.000 Millions | $ 10,395.750 Millions | Firstenergy Corp | 0.28 | $ 12,901.000 Millions | $ 46,780.750 Millions | American States Water Company | 0.27 | $ 567.701 Millions | $ 2,109.903 Millions |
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