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Castillo Copper (ASX:CCZ) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Castillo Copper Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Castillo Copper's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Castillo Copper's Total Assets for the quarter that ended in Dec. 2023 was A$11.58 Mil. Therefore, Castillo Copper's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Castillo Copper's annualized ROE % for the quarter that ended in Dec. 2023 was -20.87%. It is also linked to ROA % through Du Pont Formula. Castillo Copper's annualized ROA % for the quarter that ended in Dec. 2023 was -20.68%.


Castillo Copper Asset Turnover Historical Data

The historical data trend for Castillo Copper's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Castillo Copper Asset Turnover Chart

Castillo Copper Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
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Castillo Copper Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Castillo Copper's Asset Turnover

For the Copper subindustry, Castillo Copper's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Castillo Copper's Asset Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Castillo Copper's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Castillo Copper's Asset Turnover falls into.



Castillo Copper Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Castillo Copper's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=0/( (19.137+12.2)/ 2 )
=0/15.6685
=0.00

Castillo Copper's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (12.2+10.953)/ 2 )
=0/11.5765
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Castillo Copper  (ASX:CCZ) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Castillo Copper's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-2.394/11.47
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.394 / 0)*(0 / 11.5765)*(11.5765/ 11.47)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0093
=ROA %*Equity Multiplier
=-20.68 %*1.0093
=-20.87 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Castillo Copper's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-2.394/11.5765
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.394 / 0)*(0 / 11.5765)
=Net Margin %*Asset Turnover
= %*0
=-20.68 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Castillo Copper Asset Turnover Related Terms

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Castillo Copper (ASX:CCZ) Business Description

Traded in Other Exchanges
Address
45 Ventnor Avenue, West Perth, Perth, WA, AUS, 6005
Castillo Copper Ltd is an Australian metal explorer focused on copper, cobalt, zinc, and nickel exploration operating assets in eastern Australia. The company currently holds copper projects in Queensland and New South Wales in Australia as well as copper projects in Zambia. It is predominantly focused on the Mt Oxide Project in Queensland; the Zambian Copper Projects' Broken Hill Project and Cangai Copper Project.