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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. American Sierra Gold's Revenue for the six months ended in Jul. 2023 was $0.00 Mil. American Sierra Gold's Total Assets for the quarter that ended in Jul. 2023 was $5.30 Mil. Therefore, American Sierra Gold's Asset Turnover for the quarter that ended in Jul. 2023 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. American Sierra Gold's annualized ROE % for the quarter that ended in Jul. 2023 was -0.86%. It is also linked to ROA % through Du Pont Formula. American Sierra Gold's annualized ROA % for the quarter that ended in Jul. 2023 was -0.42%.
The historical data trend for American Sierra 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.
American Sierra Gold Annual Data | |||||||||||||||||
Trend | Jul07 | Jul08 | Jul09 | Jul10 | Jul11 | Jul12 | Jul13 | Jul23 | |||||||||
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
American Sierra Gold Semi-Annual Data | ||||||||
Jul07 | Jul08 | Jul09 | Jul10 | Jul11 | Jul12 | Jul13 | Jul23 | |
Asset Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
For the Other Precious Metals & Mining subindustry, American Sierra 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.
For the Metals & Mining industry and Basic Materials sector, American Sierra Gold's Asset Turnover distribution charts can be found below:
* The bar in red indicates where American Sierra Gold's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
American Sierra Gold's Asset Turnover for the fiscal year that ended in Jul. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Jul. 2023 ) | / | ( (Total Assets (A: Jul. 2013 ) | + | Total Assets (A: Jul. 2023 )) | / count ) |
= | 0 | / | ( (0 | + | 5.297) | / 1 ) |
= | 0 | / | 5.297 | |||
= | 0.00 |
American Sierra Gold's Asset Turnover for the quarter that ended in Jul. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Jul. 2023 ) | / | ( (Total Assets (Q: Jul. 2013 ) | + | Total Assets (Q: Jul. 2023 )) | / count ) |
= | 0 | / | ( (0 | + | 5.297) | / 1 ) |
= | 0 | / | 5.297 | |||
= | 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.
American Sierra Gold (OTCPK:AMNP) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
American Sierra Gold's annulized ROE % for the quarter that ended in Jul. 2023 is
ROE %** | (Q: Jul. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -0.022 | / | 2.5505 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-0.022 / 0) | * | (0 / 5.297) | * | (5.297/ 2.5505) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | % | * | 0 | * | 2.0768 |
= | ROA % | * | Equity Multiplier | ||
= | -0.42 % | * | 2.0768 | ||
= | -0.86 % |
Note: The Net Income data used here is two times the semi-annual (Jul. 2023) net income data. The Revenue data used here is two times the semi-annual (Jul. 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:
American Sierra Gold's annulized ROA % for the quarter that ended in Jul. 2023 is
ROA % | (Q: Jul. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -0.022 | / | 5.297 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-0.022 / 0) | * | (0 / 5.297) |
= | Net Margin % | * | Asset Turnover |
= | % | * | 0 |
= | -0.42 % |
Note: The Net Income data used here is two times the semi-annual (Jul. 2023) net income data. The Revenue data used here is two times the semi-annual (Jul. 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.
Thank you for viewing the detailed overview of American Sierra Gold's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Larry Regis | director, 10 percent owner, officer: CEO | 9555 SW ALLEN BLVD. #36, BEAVERTON OR 97005 |
Gary Goodin | director, 10 percent owner, officer: COO | 3243 SMOKEY RIDGE CT, CARMEL IN 46033 |
Vittal Karra | director, 10 percent owner, officer: Treasurer | 4480 HASTINGS DRIVE, CUMMING GA 30041 |
G.x.k. Ventures, Inc. | 10 percent owner | 302 255 WEST FIRST STREET, NORTH VANCOUVER A1 V7M 3G8 |
Mmc Mines, Inc. | 10 percent owner | 302 255 WEST FIRST STREET, NORTH VANCOUVER A1 V7M 3G8 |
James Vandeberg | director | 10710 NE 10TH STREET #1307, BELLEVUE WA 98004 |
Wayne Gruden | director, officer: President; Treasurer | C/O AMERICAN SIERRA GOLD CORP., 200 S. VIRGINIA STREET, 8TH FLOOR, RENO NV 89501 |
George Daschko | other: Former 10% Owner, Dir. & Pres. | 7456 BARRYMORE DRIVE, DELTA A1 00000 |
Dmitriy Ruzhytskiy | director, 10 percent owner | 4(A) SIMONENKO STREET, APT 21, VYSHGOROD KYIVSKA RE 2H 07300 |
Alexander Hornostai | director, 10 percent owner, officer: SECRETARY AND TREASURER | 108 9B KOSHYTSYA STREET, KIEV 2H 00000 |
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