Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Corsa Coal's Revenue for the
three
months ended in Jun. 2024 was $36.8 Mil. Corsa Coal's Total Assets for the quarter that ended in Jun. 2024 was $183.3 Mil. Therefore, Corsa Coal's Asset Turnover for the quarter that ended in Jun. 2024 was 0.20.
Asset Turnover is linked to ROE % through Du Pont Formula. Corsa Coal's annualizedROE % for the quarter that ended in Jun. 2024 was -52.27%. It is also linked to ROA % through Du Pont Formula. Corsa Coal's annualizedROA % for the quarter that ended in Jun. 2024 was -20.72%.
Note:
The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (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:
Corsa Coal's annulizedROA % for the quarter that ended in Jun. 2024 is
Note:
The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (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.
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.
Corsa Coal Asset Turnover Related Terms
Corsa Coal Asset Turnover Historical Data
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The historical data trend for Corsa Coal'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.
For the Coking Coal subindustry, Corsa Coal'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.
Corsa Coal Asset Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Corsa Coal's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Corsa Coal's Asset Turnover falls into.
* 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.
Corsa Coal (CRSXQ) has a Asset Turnover of 0.20 as of Jun. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Corsa Coal and its competitors.
Is Corsa Coal's Asset Turnover too high?
Corsa Coal's current Asset Turnover is 0.20. Overall, Corsa Coal has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Corsa Coal's Asset Turnover compare to HCC and AMR?
Corsa Coal's Asset Turnover of 0.20 can be compared against companies in the Steel 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 Steel company?
A good Asset Turnover depends on the Steel 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 Corsa Coal and its competitors. Corsa Coal's current Asset Turnover is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corsa Coal stock overvalued right now?
Corsa Coal (CRSXQ) has a current Asset Turnover of 0.20. The current Asset Turnover is 0.20. Corsa Coal's overall GF Score™ is 12/100. 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 Corsa Coal (CRSXQ), the current Asset Turnover is 0.20 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.
Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel, as well as exploring, acquiring and developing resource properties that are consistent with its existing coal business. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments. Geographically, the company derives the majority of its revenue from the United States.
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