Black Range Minerals (ASX:BLR) Asset Turnover: 0.00 (As of Dec. 2014)

What is Black Range Minerals Asset Turnover?

Black Range Minerals ASX:BLR Asset Turnover is 0.00 as of Dec. 2014. The stock has 3 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Black Range Minerals's Revenue for the six months ended in Dec. 2014 was A$0.00 Mil. Black Range Minerals's Total Assets for the quarter that ended in Dec. 2014 was A$23.35 Mil. Therefore, Black Range Minerals's Asset Turnover for the quarter that ended in Dec. 2014 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Black Range Minerals's annualized ROE % for the quarter that ended in Dec. 2014 was -111.74%. It is also linked to ROA % through Du Pont Formula. Black Range Minerals's annualized ROA % for the quarter that ended in Dec. 2014 was -102.83%.

Black Range Minerals (ASX:BLR) Asset Turnover Explanation

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

Black Range Minerals's annulized ROE % for the quarter that ended in Dec. 2014 is

	ROE %^**		(Q: Dec. 2014 )
=	Net Income	/	Total Stockholders Equity
=	-24.008	/	21.486
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-24.008 / 0)	*	(0 / 23.3465)	*	(23.3465/ 21.486)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	1.0866
=	ROA %	*	Equity Multiplier
=	-102.83 %	*	1.0866
=	-111.74 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) 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:

Black Range Minerals's annulized ROA % for the quarter that ended in Dec. 2014 is

	ROA %		(Q: Dec. 2014 )
=	Net Income	/	Total Assets
=	-24.008	/	23.3465
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-24.008 / 0)	*	(0 / 23.3465)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	-102.83 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) revenue data.

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.

Black Range Minerals Asset Turnover Related Terms

Black Range Minerals Asset Turnover Historical Data

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The historical data trend for Black Range Minerals's Asset Turnover can be seen below:

Black Range Minerals Asset Turnover Chart

Black Range Minerals Annual Data

Trend

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Asset Turnover

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Black Range Minerals Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Asset Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

Black Range Minerals Asset Turnover Competitor Comparison

For the Copper subindustry, Black Range Minerals'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.

Black Range Minerals Asset Turnover vs Metals & Mining Industry

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

* The bar in red indicates where Black Range Minerals's Asset Turnover falls into.

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Black Range Minerals Asset Turnover Calculation

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

Black Range Minerals's Asset Turnover for the fiscal year that ended in Jun. 2014 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Jun. 2014 )	/	( (Total Assets (A: Jun. 2013 )	+	Total Assets (A: Jun. 2014 ))	/ count )
=	0	/	( (26.48	+	26.168)	/ 2 )
=	0	/	26.324
=	0.00

Black Range Minerals's Asset Turnover for the quarter that ended in Dec. 2014 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2014 )	/	( (Total Assets (Q: Jun. 2014 )	+	Total Assets (Q: Dec. 2014 ))	/ count )
=	0	/	( (26.168	+	20.525)	/ 2 )
=	0	/	23.3465
=	0.00

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.

Frequently Asked Questions Learn more about Asset Turnover →

What does a Asset Turnover of 0.00 mean?

Black Range Minerals (ASX:BLR) has a Asset Turnover of 0.00 as of Dec. 2014. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Black Range Minerals and its competitors.

Is Black Range Minerals' Asset Turnover too high?

Black Range Minerals' current Asset Turnover is 0.00.

How does Black Range Minerals' Asset Turnover compare to competitors?

Black Range Minerals' Asset Turnover of 0.00 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Asset Turnover for a Metals & Mining company?

A good Asset Turnover depends on the Metals & Mining industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Asset Turnover mean?

A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Black Range Minerals and its competitors. Black Range Minerals's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Black Range Minerals stock overvalued right now?

Black Range Minerals (ASX:BLR) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Asset Turnover calculated?

Asset Turnover is calculated from a company's financial statements. For Black Range Minerals (ASX:BLR), the current Asset Turnover is 0.00 as of Dec. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Black Range Minerals Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:RMG ASX:CAV ASX:SRZ ASX:AHN ASX:VMS ASX:PFM ASX:CHZ ASX:AKN ASX:AXE ASX:MNM ASX:CLL ASX:LSR ASX:LFR ASX:RDS ASX:JRV ASX:AXT ASX:PUN ASX:SPQ ASX:CAE ASX:AVI

Website http://www.blackrangeminerals.com

Black Range Minerals Limited is a minerals exploration company, focused on growth through acquisition, exploration and development. The Company is focused on advancing the Taylor Ranch/Hansen uranium project in Colorado towards production.