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Cielo Waste Solutions (Cielo Waste Solutions) Asset Turnover : 0.00 (As of Jan. 2024)


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What is Cielo Waste Solutions Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cielo Waste Solutions's Revenue for the three months ended in Jan. 2024 was $0.00 Mil. Cielo Waste Solutions's Total Assets for the quarter that ended in Jan. 2024 was $27.29 Mil. Therefore, Cielo Waste Solutions's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Cielo Waste Solutions's annualized ROE % for the quarter that ended in Jan. 2024 was -28.68%. It is also linked to ROA % through Du Pont Formula. Cielo Waste Solutions's annualized ROA % for the quarter that ended in Jan. 2024 was -21.24%.


Cielo Waste Solutions Asset Turnover Historical Data

The historical data trend for Cielo Waste Solutions'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.

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Cielo Waste Solutions Asset Turnover Chart

Cielo Waste Solutions Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Asset Turnover
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Cielo Waste Solutions Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Cielo Waste Solutions's Asset Turnover

For the Waste Management subindustry, Cielo Waste Solutions'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.


Cielo Waste Solutions's Asset Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Cielo Waste Solutions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Cielo Waste Solutions's Asset Turnover falls into.



Cielo Waste Solutions Asset Turnover Calculation

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

Cielo Waste Solutions's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2023 )/( (Total Assets (A: Apr. 2022 )+Total Assets (A: Apr. 2023 ))/ count )
=0/( (42.391+21.778)/ 2 )
=0/32.0845
=0.00

Cielo Waste Solutions's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (10.166+44.422)/ 2 )
=0/27.294
=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.


Cielo Waste Solutions  (OTCPK:CWSFF) Asset Turnover Explanation

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

Cielo Waste Solutions's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-5.796/20.207
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-5.796 / 0)*(0 / 27.294)*(27.294/ 20.207)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.3507
=ROA %*Equity Multiplier
=-21.24 %*1.3507
=-28.68 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 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:

Cielo Waste Solutions's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-5.796/27.294
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-5.796 / 0)*(0 / 27.294)
=Net Margin %*Asset Turnover
= %*0
=-21.24 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 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.


Cielo Waste Solutions Asset Turnover Related Terms

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Cielo Waste Solutions (Cielo Waste Solutions) Business Description

Traded in Other Exchanges
Address
605 5th Avenue, S.W., Suite 1100, Calgary, AB, CAN, T2P 3H5
Cielo Waste Solutions Corp is a Canada-based company principally engaged in the business of refining municipal and construction waste into high-grade renewable fuels. Its technologies are focused on materials recovery, renewable diesel, and landfill reduction through responsible diversion practices. The business operations of the company are carried out in Canada and the United States.