GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Salazar Resources Ltd (TSXV:SRL) » Definitions » Asset Turnover

Salazar Resources (TSXV:SRL) Asset Turnover : 0.00 (As of Mar. 2024)


View and export this data going back to 1989. Start your Free Trial

What is Salazar 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. Salazar Resources's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. Salazar Resources's Total Assets for the quarter that ended in Mar. 2024 was C$23.70 Mil. Therefore, Salazar 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. Salazar Resources's annualized ROE % for the quarter that ended in Mar. 2024 was -10.80%. It is also linked to ROA % through Du Pont Formula. Salazar Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -10.60%.


Salazar Resources Asset Turnover Historical Data

The historical data trend for Salazar 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.

Salazar Resources Asset Turnover Chart

Salazar Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Salazar Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Salazar Resources's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Salazar 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.


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

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

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



Salazar Resources Asset Turnover Calculation

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

Salazar Resources's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=0/( (29.275+23.832)/ 2 )
=0/26.5535
=0.00

Salazar 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/( (23.832+23.558)/ 2 )
=0/23.695
=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.


Salazar Resources  (TSXV:SRL) Asset Turnover Explanation

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

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

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-2.512/23.2585
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.512 / 0)*(0 / 23.695)*(23.695/ 23.2585)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0188
=ROA %*Equity Multiplier
=-10.60 %*1.0188
=-10.80 %

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:

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

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-2.512/23.695
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.512 / 0)*(0 / 23.695)
=Net Margin %*Asset Turnover
= %*0
=-10.60 %

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.


Salazar Resources Asset Turnover Related Terms

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


Salazar Resources (TSXV:SRL) Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7
Salazar Resources Ltd is a Canada based junior mineral exploration company engaged in the acquisition and exploration of mineral properties located in Latin America. Its projects include Curipamba and Ruminahui. The Company operates in one reportable segment, the exploration and development of unproven exploration and evaluation assets. The Company's exploration and evaluation assets are located in Ecuador and its corporate assets are located in Canada.
Executives
Merlin Marr-johnson Director, Senior Officer

Salazar Resources (TSXV:SRL) Headlines

From GuruFocus

Top 5 Investment Ideas For 2020

By Bram de Haas Bram de Haas 01-07-2020

Scully Royalty Ltd. announces semi-annual report

By PRNewswire PRNewswire 01-01-2020

Scully Royalty Ltd. Corporate Update

By PRNewswire PRNewswire 10-05-2020

MFC Bancorp Ltd. Provides Update On Corporate Actions

By PRNewswire PRNewswire 06-01-2019

SCULLY ROYALTY LTD. ANNOUNCES CASH DIVIDEND

By PRNewswire PRNewswire 11-10-2022

Scully Royalty Ltd. Announces Filing Of Form 20-F

By PRNewswire PRNewswire 05-12-2020

Scully Releases First Half-Year Results

By PRNewswire PRNewswire 12-23-2020