United States 12 Month Oil Fund (USL) Asset Utilization Ratio (2013 - 2026)
United States 12 Month Oil Fund's (USL) quarterly Asset Utilization Ratio came in at 0.41 in Q2 2026, up 28.61% on a YoY basis from 0.32 in Q2 2025, and down 12.37% quarter-over-quarter from 0.46 in Q1 2026.
Analysis
United States 12 Month Oil Fund (USL) Asset Utilization Ratio (2013 - 2026) Analysis & Trends
United States 12 Month Oil Fund (USL) has reported Asset Utilization Ratio for 14 consecutive years, with 0.41 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Asset Utilization Ratio rose 28.61% year-over-year to 0.41; the trailing twelve-month figure through Jun 2026 stood at 0.41 (up 28.61% YoY), and the FY2025 full-year result was 0.12, up 26.95% from the prior year.
- Asset Utilization Ratio fell to 0.41 in Q2 2026 per USL's latest filing, from 0.46 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.89 in Q4 2022 and bottomed at 0.19 in Q4 2025.
- Historically, Asset Utilization Ratio has averaged 0.45 across 5 years, with a median of 0.43 in 2023.
- The sharpest annual moves came in 2025 and 2026: Asset Utilization Ratio sank 56.81% in 2025, then soared 98.23% in 2026.
- Over 5 years, Asset Utilization Ratio stood at 0.89 in 2022, then plunged by 52.22% to 0.43 in 2023, then dropped by 12.07% to 0.37 in 2024, then tumbled by 50.21% to 0.19 in 2025, then jumped by 118.56% to 0.41 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.41, 0.46, and 0.19 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 0.16 |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 0.05 |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 0.27 |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 0.25 |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 0.24 |
| 10 | United States 12 Month Oil Fund | 58.33 Mn | 23.57 Mn | - | 0.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.46 |
| Dec 31, 2025 | 0.19 |
| Sep 30, 2025 | 0.19 |
| Jun 30, 2025 | 0.32 |
| Mar 31, 2025 | 0.23 |
| Dec 31, 2024 | 0.37 |
| Sep 30, 2024 | 0.44 |
| Jun 30, 2024 | 0.54 |
| Mar 31, 2024 | 0.54 |
| Dec 31, 2023 | 0.43 |
| Sep 30, 2023 | 0.40 |
| Jun 30, 2023 | 0.46 |
| Mar 31, 2023 | 0.51 |
| Dec 31, 2022 | 0.89 |
| Sep 30, 2022 | 0.65 |
| Jun 30, 2022 | 0.41 |
| Mar 31, 2022 | 0.60 |
| Dec 31, 2021 | 0.59 |
| Sep 30, 2021 | 0.59 |