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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Supreme Critical Metals's Revenue for the three months ended in Aug. 2024 was C$0.00 Mil. Supreme Critical Metals's Total Assets for the quarter that ended in Aug. 2024 was C$2.78 Mil. Therefore, Supreme Critical Metals's Asset Turnover for the quarter that ended in Aug. 2024 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Supreme Critical Metals's annualized ROE % for the quarter that ended in Aug. 2024 was -27.29%. It is also linked to ROA % through Du Pont Formula. Supreme Critical Metals's annualized ROA % for the quarter that ended in Aug. 2024 was -22.13%.
The historical data trend for Supreme Critical Metals'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.
Supreme Critical Metals Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Supreme Critical Metals Quarterly Data | ||||||||||||||||||||
Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | |
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
For the Other Industrial Metals & Mining subindustry, Supreme Critical Metals'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.
For the Metals & Mining industry and Basic Materials sector, Supreme Critical Metals's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Supreme Critical Metals's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Supreme Critical Metals's Asset Turnover for the fiscal year that ended in Feb. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Feb. 2024 ) | / | ( (Total Assets (A: Feb. 2023 ) | + | Total Assets (A: Feb. 2024 )) | / count ) |
= | 0 | / | ( (3.641 | + | 2.508) | / 2 ) |
= | 0 | / | 3.0745 | |||
= | 0.00 |
Supreme Critical Metals's Asset Turnover for the quarter that ended in Aug. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Aug. 2024 ) | / | ( (Total Assets (Q: May. 2024 ) | + | Total Assets (Q: Aug. 2024 )) | / count ) |
= | 0 | / | ( (2.703 | + | 2.863) | / 2 ) |
= | 0 | / | 2.783 | |||
= | 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.
Supreme Critical Metals (XCNQ:CRIT) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Supreme Critical Metals's annulized ROE % for the quarter that ended in Aug. 2024 is
ROE %** | (Q: Aug. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -0.616 | / | 2.257 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.616 / 0) | * | (0 / 2.783) | * | (2.783/ 2.257) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | 1.2331 |
= | ROA % | * | Equity Multiplier | ||
= | -22.13 % | * | 1.2331 | ||
= | -27.29 % |
Note: The Net Income data used here is four times the quarterly (Aug. 2024) net income data. The Revenue data used here is four times the quarterly (Aug. 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:
Supreme Critical Metals's annulized ROA % for the quarter that ended in Aug. 2024 is
ROA % | (Q: Aug. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -0.616 | / | 2.783 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-0.616 / 0) | * | (0 / 2.783) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -22.13 % |
Note: The Net Income data used here is four times the quarterly (Aug. 2024) net income data. The Revenue data used here is four times the quarterly (Aug. 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.
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