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Cheetah Oil & Gas (Cheetah Oil & Gas) Asset Turnover : 0.20 (As of Jun. 2011)


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What is Cheetah Oil & Gas Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cheetah Oil & Gas's Revenue for the three months ended in Jun. 2011 was $0.07 Mil. Cheetah Oil & Gas's Total Assets for the quarter that ended in Jun. 2011 was $0.36 Mil. Therefore, Cheetah Oil & Gas's Asset Turnover for the quarter that ended in Jun. 2011 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Cheetah Oil & Gas's annualized ROE % for the quarter that ended in Jun. 2011 was 945.45%. It is also linked to ROA % through Du Pont Formula. Cheetah Oil & Gas's annualized ROA % for the quarter that ended in Jun. 2011 was -28.61%.


Cheetah Oil & Gas Asset Turnover Historical Data

The historical data trend for Cheetah Oil & Gas'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.

Cheetah Oil & Gas Asset Turnover Chart

Cheetah Oil & Gas Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.24 0.32

Cheetah Oil & Gas Quarterly Data
Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.09 0.17 0.15 0.20

Competitive Comparison of Cheetah Oil & Gas's Asset Turnover

For the Oil & Gas E&P subindustry, Cheetah Oil & Gas'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.


Cheetah Oil & Gas's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cheetah Oil & Gas's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Cheetah Oil & Gas's Asset Turnover falls into.



Cheetah Oil & Gas Asset Turnover Calculation

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

Cheetah Oil & Gas's Asset Turnover for the fiscal year that ended in Dec. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2010 )/( (Total Assets (A: Dec. 2009 )+Total Assets (A: Dec. 2010 ))/ count )
=0.127/( (0.414+0.377)/ 2 )
=0.127/0.3955
=0.32

Cheetah Oil & Gas's Asset Turnover for the quarter that ended in Jun. 2011 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2011 )/( (Total Assets (Q: Mar. 2011 )+Total Assets (Q: Jun. 2011 ))/ count )
=0.072/( (0.359+0.368)/ 2 )
=0.072/0.3635
=0.20

* 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.


Cheetah Oil & Gas  (OTCPK:COHG) Asset Turnover Explanation

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

Cheetah Oil & Gas's annulized ROE % for the quarter that ended in Jun. 2011 is

ROE %**(Q: Jun. 2011 )
=Net Income/Total Stockholders Equity
=-0.104/-0.011
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.104 / 0.288)*(0.288 / 0.3635)*(0.3635/ -0.011)
=Net Margin %*Asset Turnover*Equity Multiplier
=-36.11 %*0.7923*-33.0455
=ROA %*Equity Multiplier
=-28.61 %*-33.0455
=945.45 %

Note: The Net Income data used here is four times the quarterly (Jun. 2011) net income data. The Revenue data used here is four times the quarterly (Jun. 2011) 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:

Cheetah Oil & Gas's annulized ROA % for the quarter that ended in Jun. 2011 is

ROA %(Q: Jun. 2011 )
=Net Income/Total Assets
=-0.104/0.3635
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.104 / 0.288)*(0.288 / 0.3635)
=Net Margin %*Asset Turnover
=-36.11 %*0.7923
=-28.61 %

Note: The Net Income data used here is four times the quarterly (Jun. 2011) net income data. The Revenue data used here is four times the quarterly (Jun. 2011) 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.


Cheetah Oil & Gas Asset Turnover Related Terms

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Cheetah Oil & Gas (Cheetah Oil & Gas) Business Description

Traded in Other Exchanges
N/A
Address
498 Ellis Street, Second Floor, Penticton, BC, CAN, V2A 4MS
Cheetah Oil & Gas Ltd is an exploration stage oil and gas company which engages in the exploration for petroleum and natural gas.
Executives
Robert Mcallister other: formerCEO #203 - 688 LEQUIME ROAD, KELOWNA A1 V1W 1A4
Donald James Findlay director #30 NEW STREET SE, CALGARY A0 T2G 3X9

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