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Rubix Resources (ASX:RB6) Asset Turnover : 0.00 (As of Dec. 2024)


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What is Rubix 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. Rubix Resources's Revenue for the six months ended in Dec. 2024 was A$0.00 Mil. Rubix Resources's Total Assets for the quarter that ended in Dec. 2024 was A$2.06 Mil. Therefore, Rubix Resources's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Rubix Resources's annualized ROE % for the quarter that ended in Dec. 2024 was -62.22%. It is also linked to ROA % through Du Pont Formula. Rubix Resources's annualized ROA % for the quarter that ended in Dec. 2024 was -57.78%.


Rubix Resources Asset Turnover Historical Data

The historical data trend for Rubix 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.

Rubix Resources Asset Turnover Chart

Rubix Resources Annual Data
Trend Jun22 Jun23 Jun24
Asset Turnover
- - -

Rubix Resources Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Asset Turnover Get a 7-Day Free Trial - - - - -

Competitive Comparison of Rubix Resources's Asset Turnover

For the Other Precious Metals & Mining subindustry, Rubix 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.


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

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

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


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Rubix Resources Asset Turnover Calculation

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

Rubix Resources's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=0/( (2.5+2.378)/ 2 )
=0/2.439
=0.00

Rubix Resources's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0/( (2.378+1.734)/ 2 )
=0/2.056
=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.


Rubix Resources  (ASX:RB6) Asset Turnover Explanation

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

Rubix Resources's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-1.188/1.9095
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.188 / 0)*(0 / 2.056)*(2.056/ 1.9095)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0767
=ROA %*Equity Multiplier
=-57.78 %*1.0767
=-62.22 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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:

Rubix Resources's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-1.188/2.056
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.188 / 0)*(0 / 2.056)
=Net Margin %*Asset Turnover
= %*0
=-57.78 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Rubix Resources Asset Turnover Related Terms

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Rubix Resources Business Description

Traded in Other Exchanges
N/A
Address
216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000
Rubix Resources Ltd is an exploration and mining company. It explores copper, nickel, zinc and gold minerals. The firm is engaged in the exploration of the Paperbark Project which is located near the Gulf of Carpentaria of Northwest Queensland, Australia. Etheridge Project is located in the Etheridge Goldfield of Georgetown Inlier, north Queensland. The Lake Johnston Project is located approximately 105km west of Norseman and covers the large salt pans of Lake Johnston. The Collurabbie North Project is located in the North-Eastern Goldfields Province of Western Australia. It has only one operating segment, being mineral exploration.

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