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DCHRF (Discovery Harbour Resources) Asset Turnover : 0.00 (As of Jun. 2024)


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What is Discovery Harbour 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. Discovery Harbour Resources's Revenue for the three months ended in Jun. 2024 was $0.00 Mil. Discovery Harbour Resources's Total Assets for the quarter that ended in Jun. 2024 was $0.34 Mil. Therefore, Discovery Harbour Resources's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Discovery Harbour Resources's annualized ROE % for the quarter that ended in Jun. 2024 was -76.97%. It is also linked to ROA % through Du Pont Formula. Discovery Harbour Resources's annualized ROA % for the quarter that ended in Jun. 2024 was -70.93%.


Discovery Harbour Resources Asset Turnover Historical Data

The historical data trend for Discovery Harbour 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.

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Discovery Harbour Resources Asset Turnover Chart

Discovery Harbour Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Asset Turnover
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Discovery Harbour Resources Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Discovery Harbour Resources's Asset Turnover

For the Gold subindustry, Discovery Harbour 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.


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

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

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



Discovery Harbour Resources Asset Turnover Calculation

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

Discovery Harbour Resources's Asset Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=0/( (0.268+0.29)/ 2 )
=0/0.279
=0.00

Discovery Harbour Resources'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: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=0/( (0.375+0.313)/ 2 )
=0/0.344
=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.


Discovery Harbour Resources  (OTCPK:DCHRF) Asset Turnover Explanation

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

Discovery Harbour Resources's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-0.244/0.317
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.244 / 0)*(0 / 0.344)*(0.344/ 0.317)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0852
=ROA %*Equity Multiplier
=-70.93 %*1.0852
=-76.97 %

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:

Discovery Harbour Resources's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-0.244/0.344
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.244 / 0)*(0 / 0.344)
=Net Margin %*Asset Turnover
= %*0
=-70.93 %

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.


Discovery Harbour Resources Asset Turnover Related Terms

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Discovery Harbour Resources Business Description

Traded in Other Exchanges
Address
750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7
Discovery Harbour Resources Corp is a Canada-based company engaged in sourcing, exploring, and developing mineral properties. Its projects consist of Caldera property and Fortuity 89 Projects in southwestern Nevada.

Discovery Harbour Resources Headlines

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