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New Fortress Energy Inc   (NFE)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 

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?


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 Company Ranking
Within: No.
Natural Gas Utilities Industry # 35
Utilities Sector # 54
Overall Market # 2808

Asset Turnover Ratio Statistics
High Average Low
0.34 0.27 0.13
(Sep 30 2022)   (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

Date modified: 2023-11-12T03:38:19+00:00



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