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Searchlight Resources (Searchlight Resources) Asset Turnover : 0.00 (As of Mar. 2024)


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What is Searchlight 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. Searchlight Resources's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Searchlight Resources's Total Assets for the quarter that ended in Mar. 2024 was $1.00 Mil. Therefore, Searchlight Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Searchlight Resources's annualized ROE % for the quarter that ended in Mar. 2024 was -43.59%. It is also linked to ROA % through Du Pont Formula. Searchlight Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -38.53%.


Searchlight Resources Asset Turnover Historical Data

The historical data trend for Searchlight 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.

Searchlight Resources Asset Turnover Chart

Searchlight Resources Annual Data
Trend Jun13 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
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Searchlight Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Searchlight Resources's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Searchlight 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.


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

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

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



Searchlight Resources Asset Turnover Calculation

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

Searchlight Resources'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/( (1.69+1.639)/ 2 )
=0/1.6645
=0.00

Searchlight Resources's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (1.065+0.928)/ 2 )
=0/0.9965
=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.


Searchlight Resources  (OTCPK:SCLTF) Asset Turnover Explanation

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

Searchlight Resources's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-0.384/0.881
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.384 / 0)*(0 / 0.9965)*(0.9965/ 0.881)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.1311
=ROA %*Equity Multiplier
=-38.53 %*1.1311
=-43.59 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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:

Searchlight Resources's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-0.384/0.9965
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.384 / 0)*(0 / 0.9965)
=Net Margin %*Asset Turnover
= %*0
=-38.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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.


Searchlight Resources Asset Turnover Related Terms

Thank you for viewing the detailed overview of Searchlight Resources's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Searchlight Resources (Searchlight Resources) Business Description

Traded in Other Exchanges
Address
1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1
Searchlight Resources Inc is a Canadian mineral exploration and development company focused in Saskatchewan, Canada. Its exploration focus is on gold, uranium and battery minerals throughout the Province. It also holds an interest in Kulyk Lake South; Bootleg Lake Gold Property, Robinson Creek; Wapawekka Lake Greenstone Belt, Munro Warden Copper Nickel Cobalt Property, Cameron Cobalt Property, Duddridge Lake Property, Flin Flon North Project, and English Bay Property in Canada.
Executives
John Reynolds Kerr director #215 - 515 WEST PENDER STREET, VANCOUVER A1 V6B 6H5
James Ernest Yates director 371 NEWDALE COURT, NORTH VANCOUVER A1 V7N 3H3
Andrew F Malim director 7 OVINGTON STREET, LONDON X0 SW3 2JA
Mcfarland Cole E director 1815 SPRINGVALE LANE, LINCOLN CA 95648
Mark A Reynolds director 1066 WEST HASTINGS STREET, SUITE 680, P.O. BOX 12575, VANCOUVER A1 V6E 3X1
Benjamin Ainsworth director, officer: Secretary #408 - 1199 WEST PENDER STREET, VANCOUVER A1 V6E 2R1
Anthony R Harvey director, officer: Chairman and CEO STE. 408, 1199 WEST PENDER STREET, VANCOUVER A1 V6E 2R1
Robert Fredrick Weicker director 3000 WALTON AVE, COQUITLAM A1 V3B6V6
Bryan Hugh Wilson director 84 CEDARCREST CRESCENT, RICHMOND HILL A6 L4S 2P4
Kurt Bordian officer: Chief Financial Officer 217 FIFTH AVENUE, NEW WESTMINSTER A1 V3L 1R5
Milton Datsopoulos director, officer: Chairman 201 WEST MAIN STREET, SUITE 201, MISSOULA MT 59802
Timothy Dudley Hipsher director, officer: Secretary SUITE 1458 - 409 GRANVILLE STREET, VANCOUVER A1 V6C 1T2
Cameron John Reynolds director, officer: C.F.O. 1489 WEST WARM SPRINGS ROAD, SUITE 110, HENDERSON NV 89014
Brent Glen Jardine director, 10 percent owner, officer: President 1450 - 409 GRANVILLE STREET, VANCOUVER A1 V6C 1T2
Andrei Stytsenko director, 10 percent owner