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New Break Resources (XCNQ:NBRK) Asset Turnover : 0.00 (As of Dec. 2023)


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What is New Break 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. New Break Resources's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. New Break Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.96 Mil. Therefore, New Break Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. New Break Resources's annualized ROE % for the quarter that ended in Dec. 2023 was -66.49%. It is also linked to ROA % through Du Pont Formula. New Break Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -52.78%.


New Break Resources Asset Turnover Historical Data

The historical data trend for New Break 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.

New Break Resources Asset Turnover Chart

New Break Resources Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
- - -

New Break Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of New Break Resources's Asset Turnover

For the Gold subindustry, New Break 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.


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

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

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



New Break Resources Asset Turnover Calculation

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

New Break 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/( (0.875+0.987)/ 2 )
=0/0.931
=0.00

New Break Resources'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: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (0.938+0.987)/ 2 )
=0/0.9625
=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.


New Break Resources  (XCNQ:NBRK) Asset Turnover Explanation

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

New Break Resources's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-0.508/0.764
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.508 / 0)*(0 / 0.9625)*(0.9625/ 0.764)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.2598
=ROA %*Equity Multiplier
=-52.78 %*1.2598
=-66.49 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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:

New Break Resources's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-0.508/0.9625
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.508 / 0)*(0 / 0.9625)
=Net Margin %*Asset Turnover
= %*0
=-52.78 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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.


New Break Resources Asset Turnover Related Terms

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New Break Resources (XCNQ:NBRK) Business Description

Traded in Other Exchanges
N/A
Address
18 King Street East, Suite 902, Toronto, CAN, M5C 1C4
New Break Resources Ltd is a Canadian mineral exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. New Break is focused on gold exploration at its Moray Gold Project, located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. and at its four projects in Kivalliq Region, Nunavut, including the Sundog Gold Project and Esker Gold Project.
Executives
William Donald Love Senior Officer

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