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U.S. Gold (U.S. Gold) Asset Turnover : 0.00 (As of Jan. 2024)


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What is U.S. Gold Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. U.S. Gold's Revenue for the three months ended in Jan. 2024 was $0.00 Mil. U.S. Gold's Total Assets for the quarter that ended in Jan. 2024 was $19.56 Mil. Therefore, U.S. Gold's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. U.S. Gold's annualized ROE % for the quarter that ended in Jan. 2024 was -43.57%. It is also linked to ROA % through Du Pont Formula. U.S. Gold's annualized ROA % for the quarter that ended in Jan. 2024 was -34.49%.


U.S. Gold Asset Turnover Historical Data

The historical data trend for U.S. Gold'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.

U.S. Gold Asset Turnover Chart

U.S. Gold Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Asset Turnover
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U.S. Gold Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of U.S. Gold's Asset Turnover

For the Gold subindustry, U.S. Gold'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.


U.S. Gold's Asset Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, U.S. Gold's Asset Turnover distribution charts can be found below:

* The bar in red indicates where U.S. Gold's Asset Turnover falls into.



U.S. Gold Asset Turnover Calculation

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

U.S. Gold's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2023 )/( (Total Assets (A: Apr. 2022 )+Total Assets (A: Apr. 2023 ))/ count )
=0/( (27.503+24.184)/ 2 )
=0/25.8435
=0.00

U.S. Gold's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (20.249+18.862)/ 2 )
=0/19.5555
=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.


U.S. Gold  (NAS:USAU) Asset Turnover Explanation

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

U.S. Gold's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-6.744/15.48
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-6.744 / 0)*(0 / 19.5555)*(19.5555/ 15.48)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.2633
=ROA %*Equity Multiplier
=-34.49 %*1.2633
=-43.57 %

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

U.S. Gold's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-6.744/19.5555
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-6.744 / 0)*(0 / 19.5555)
=Net Margin %*Asset Turnover
= %*0
=-34.49 %

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


U.S. Gold Asset Turnover Related Terms

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


U.S. Gold (U.S. Gold) Business Description

Traded in Other Exchanges
Address
1910 East Idaho Street, Suite 102-Box 604, Elko, NV, USA, 89801
U.S. Gold Corp is an exploration and development company that owns certain mining leases and other mineral rights comprising the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho.
Executives
Ryan K Zinke director 409 W 2ND STREET, WHITEFISH MT 59932
Luke Anthony Norman director 1910 E. IDAHO STREET, SUITE 102-BOX 604, ELKO NV 89801
George M Bee officer: President 30 OLD MILL ROAD, SUITE 806, ETOBICOKE A6 M8X 0A5
Robert W Schafer director C/O U.S. GOLD CORP., 1910 EAST IDAHO STREET, SUITE 102-BOX 60, ELKO NV 89801
Michael N Waldkirch director C/O U.S. GOLD CORP., 1910 EAST IDAHO STREET, SUITE 102-BOX 60, ELKO NV 89801
Kevin A. Francis officer: VP - Exploration 553 SAGE CIRCLE, HIGHLANDS RANCH CO 80126
Eric Alexander officer: CFO, Secretary 1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401
Tara Gilfillan director C/O U.S. GOLD CORP., 1910 EAST IDAHO STREET, SUITE 102-BOX 60, ELKO NV 89801
Ted Riley Sharp officer: Chief Financial Officer 714 WHISPERWOOD COURT, NAMPA ID 83686
Edward M Karr director RAMPARTNERS, 19 BLVD GEORGES-FAVON, GENEVA V8 1204
Douglas J Newby director 120 BROADWAY, SUITE 1010, NEW YORK NY 10271
David C. Mathewson officer: Vice President of Exploration 1265 MESA DRIVE, FERNLEY NV 89408
David Rector officer: COO U.S. Gold Corp.
Robert J Delaversano officer: Principal Financial Officer 217 W. MAIN STREET, SOMERVILLE NJ 08876
Andrew J Kaplan director SUITE 200 623 RIVER ROAD, FAIR HAVEN NJ 07704