The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Echo Global has an asset utilization ratio of 425.98 percent. This suggests that the company is making $4.26 for each dollar of assets. An increasing asset utilization means that Echo Global Logistic is more efficient with each dollar of assets it utilizes for everyday operations.
Echo Global (NASDAQ:ECHO) continues to rise
 | By Ellen Johnson | Macroaxis Story |
Echo Global Accounts Payable Turnover is quite stable at the moment as compared to the past year. The company's current value of Accounts Payable Turnover is estimated at 12.69. Accrued Expenses Turnover is expected to rise to 78.71 this year, although the value of Revenue Per Employee will most likely fall to about 818.8 K. While some of us are becoming more passionate about industrials space, it makes sense to outline Echo Global Logistic in greater detail. We will evaluate why we are still optimistic in anticipation of a recovery. Here I will also expose some primary fundamental factors affecting Echo Global's services, and outline how it will impact the outlook for investors this year.
Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Gabriel Shpitalnik
This firm reported the previous year's revenue of 3.18 B. Net Income was 46.38 M with profit before overhead, payroll, taxes, and interest of 393.2 M. The company has Profit Margin (PM) of 1.46 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 2.6 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.03.
How important is Echo Global's Liquidity
Echo Global financial leverage refers to using borrowed capital as a funding source to finance Echo Global Logistics ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Echo Global financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Echo Global's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Echo Global's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Echo Global's total debt and its cash.
What is the case for Echo Global Investors
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Echo Global Logistics. Please refer to our Terms of Use for any information regarding our disclosure principles.