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Karelian Diamond Resources (LSE:KDR) Asset Turnover : 0.00 (As of Nov. 2023)


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What is Karelian Diamond Resources Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Karelian Diamond Resources's Revenue for the six months ended in Nov. 2023 was £0.00 Mil. Karelian Diamond Resources's Total Assets for the quarter that ended in Nov. 2023 was £10.09 Mil. Therefore, Karelian Diamond Resources's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Karelian Diamond Resources's annualized ROE % for the quarter that ended in Nov. 2023 was -2.76%. It is also linked to ROA % through Du Pont Formula. Karelian Diamond Resources's annualized ROA % for the quarter that ended in Nov. 2023 was -2.34%.


Karelian Diamond Resources Asset Turnover Historical Data

The historical data trend for Karelian Diamond Resources'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.

Karelian Diamond Resources Asset Turnover Chart

Karelian Diamond Resources Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Asset Turnover
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Karelian Diamond Resources Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Competitive Comparison of Karelian Diamond Resources's Asset Turnover

For the Other Precious Metals & Mining subindustry, Karelian Diamond Resources'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.


Karelian Diamond Resources's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Karelian Diamond Resources's Asset Turnover falls into.



Karelian Diamond Resources Asset Turnover Calculation

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

Karelian Diamond Resources's Asset Turnover for the fiscal year that ended in May. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: May. 2023 )/( (Total Assets (A: May. 2022 )+Total Assets (A: May. 2023 ))/ count )
=0/( (9.424+9.979)/ 2 )
=0/9.7015
=0.00

Karelian Diamond Resources's Asset Turnover for the quarter that ended in Nov. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Nov. 2023 )/( (Total Assets (Q: May. 2023 )+Total Assets (Q: Nov. 2023 ))/ count )
=0/( (9.979+10.192)/ 2 )
=0/10.0855
=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.


Karelian Diamond Resources  (LSE:KDR) Asset Turnover Explanation

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

Karelian Diamond Resources's annulized ROE % for the quarter that ended in Nov. 2023 is

ROE %**(Q: Nov. 2023 )
=Net Income/Total Stockholders Equity
=-0.236/8.5375
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.236 / 0)*(0 / 10.0855)*(10.0855/ 8.5375)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.1813
=ROA %*Equity Multiplier
=-2.34 %*1.1813
=-2.76 %

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

Karelian Diamond Resources's annulized ROA % for the quarter that ended in Nov. 2023 is

ROA %(Q: Nov. 2023 )
=Net Income/Total Assets
=-0.236/10.0855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.236 / 0)*(0 / 10.0855)
=Net Margin %*Asset Turnover
= %*0
=-2.34 %

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


Karelian Diamond Resources Asset Turnover Related Terms

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Karelian Diamond Resources (LSE:KDR) Business Description

Traded in Other Exchanges
N/A
Address
3300 Lake Drive, Citywest Business Campus, Dublin, IRL, D24 TD21
Karelian Diamond Resources PLC is an Ireland-based company which focuses on the discovery of diamond deposits in Finland. It is engaged in exploring for diamonds and evaluating an existing diamond prospect (diamondiferous kimberlite pipe) in the Karelian Craton of Finland. The company's diamond exploration projects include The Lahtojoki diamond project, The Seitapera diamondiferous kimberlite pipe, and The Riihivaara diamond exploration project which is in Kuopio, Kuhmo, and Riihivaara respectively.

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