XTC Lithium (ASX:XTC) Asset Turnover: 0.00 (As of Jun. 2024)

What is XTC Lithium Asset Turnover?

XTC Lithium ASX:XTC Asset Turnover is 0.00 as of Jun. 2024.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. XTC Lithium's Revenue for the six months ended in Jun. 2024 was A$0.00 Mil. XTC Lithium's Total Assets for the quarter that ended in Jun. 2024 was A$40.76 Mil. Therefore, XTC Lithium's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. XTC Lithium's annualized ROE % for the quarter that ended in Jun. 2024 was -11.47%. It is also linked to ROA % through Du Pont Formula. XTC Lithium's annualized ROA % for the quarter that ended in Jun. 2024 was -10.23%.

XTC Lithium (ASX:XTC) Asset Turnover Explanation

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

XTC Lithium's annulized ROE % for the quarter that ended in Jun. 2024 is

	ROE %^**		(Q: Jun. 2024 )
=	Net Income	/	Total Stockholders Equity
=	-4.168	/	36.327
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-4.168 / 0)	*	(0 / 40.755)	*	(40.755/ 36.327)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	1.1219
=	ROA %	*	Equity Multiplier
=	-10.23 %	*	1.1219
=	-11.47 %

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

XTC Lithium's annulized ROA % for the quarter that ended in Jun. 2024 is

	ROA %		(Q: Jun. 2024 )
=	Net Income	/	Total Assets
=	-4.168	/	40.755
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-4.168 / 0)	*	(0 / 40.755)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	-10.23 %

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

XTC Lithium Asset Turnover Related Terms

XTC Lithium Asset Turnover Historical Data

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The historical data trend for XTC Lithium's Asset Turnover can be seen below:

XTC Lithium Asset Turnover Chart

XTC Lithium Annual Data

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Asset Turnover

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XTC Lithium Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Asset Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

XTC Lithium Asset Turnover Competitor Comparison

For the Other Industrial Metals & Mining subindustry, XTC Lithium'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.

XTC Lithium Asset Turnover vs Metals & Mining Industry

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

* The bar in red indicates where XTC Lithium's Asset Turnover falls into.

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XTC Lithium Asset Turnover Calculation

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

XTC Lithium'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	/	( (49.216	+	40.715)	/ 2 )
=	0	/	44.9655
=	0.00

XTC Lithium's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (40.795	+	40.715)	/ 2 )
=	0	/	40.755
=	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?

XTC Lithium (ASX:XTC) has a Asset Turnover of 0.00 as of Jun. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on XTC Lithium and its competitors.

Is XTC Lithium's Asset Turnover too high?

XTC Lithium's current Asset Turnover is 0.00.

How does XTC Lithium's Asset Turnover compare to competitors?

XTC Lithium's 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 XTC Lithium and its competitors. XTC Lithium'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 XTC Lithium stock overvalued right now?

XTC Lithium (ASX:XTC) 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 XTC Lithium (ASX:XTC), the current Asset Turnover is 0.00 as of Jun. 2024. 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.

XTC Lithium Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:FIN ASX:CMD ASX:AON ASX:ODM ASX:RWD ASX:EM2 ASX:AUG ASX:PNN ASX:SRN ASX:NNL ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL MEX:GMEXICOB MIC:GMKN

Address 63 Sinclair Street, Wollstonecraft, Sydney, NSW, AUS, 2065

Website https://www.xantippe.com.au

XTC Lithium Ltd is a mineral exploration company. The company operates various projects which include the Carachi Lithium Project, Southern Cross Project, WA, and South Korean Assets. The Carachi project is located proximal to lithium brine explorer and developer, Lake Resources and are high in prospective for lithium.