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Critical Resources (Critical Resources) Asset Turnover : 0.00 (As of Jun. 2023)


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What is Critical 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. Critical Resources's Revenue for the six months ended in Jun. 2023 was $0.00 Mil. Critical Resources's Total Assets for the quarter that ended in Jun. 2023 was $18.85 Mil. Therefore, Critical Resources's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Critical Resources's annualized ROE % for the quarter that ended in Jun. 2023 was -17.41%. It is also linked to ROA % through Du Pont Formula. Critical Resources's annualized ROA % for the quarter that ended in Jun. 2023 was -14.45%.


Critical Resources Asset Turnover Historical Data

The historical data trend for Critical 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.

Critical Resources Asset Turnover Chart

Critical Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
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Critical Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Critical Resources's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Critical 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.


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

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

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



Critical Resources Asset Turnover Calculation

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

Critical 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/( (20.341+23.216)/ 2 )
=0/21.7785
=0.00

Critical Resources's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=0/( (20.341+17.365)/ 2 )
=0/18.853
=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.


Critical Resources  (OTCPK:CRRLF) Asset Turnover Explanation

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

Critical Resources's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=-2.724/15.646
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.724 / 0)*(0 / 18.853)*(18.853/ 15.646)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.205
=ROA %*Equity Multiplier
=-14.45 %*1.205
=-17.41 %

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

Critical Resources's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=-2.724/18.853
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.724 / 0)*(0 / 18.853)
=Net Margin %*Asset Turnover
= %*0
=-14.45 %

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


Critical Resources Asset Turnover Related Terms

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Critical Resources (Critical Resources) Business Description

Traded in Other Exchanges
Address
108 St Georges Terrace, Level 50, Perth, WA, AUS, 6000
Critical Resources Ltd is an exploration and project development company. It is advancing and developing critical metals projects for a decarbonised future. The company holds a suite of lithium prospects across Ontario, Canada, including the flagship Mavis Lake Lithium Project as well as Graphic Lake, Plaid and Whiteloon Lake. Its other projects include the Halls Peak Project in NSW, Australia, a high-quality base metals project with significant scale potential and the Block 4 and Block 5 copper project, located in Oman. The company's primary objective is the rapid development of its flagship Mavis Lake Lithium Project. Mavis Lake is an advanced exploration project with near-term development potential.

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