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Green Battery Minerals (Green Battery Minerals) Asset Turnover : 0.00 (As of Nov. 2023)


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What is Green Battery Minerals Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Green Battery Minerals's Revenue for the three months ended in Nov. 2023 was $0.00 Mil. Green Battery Minerals's Total Assets for the quarter that ended in Nov. 2023 was $1.75 Mil. Therefore, Green Battery Minerals's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Green Battery Minerals's annualized ROE % for the quarter that ended in Nov. 2023 was -77.81%. It is also linked to ROA % through Du Pont Formula. Green Battery Minerals's annualized ROA % for the quarter that ended in Nov. 2023 was -68.34%.


Green Battery Minerals Asset Turnover Historical Data

The historical data trend for Green Battery Minerals'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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Green Battery Minerals Asset Turnover Chart

Green Battery Minerals Annual Data
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Asset Turnover
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Green Battery Minerals Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Green Battery Minerals's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Green Battery Minerals'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.


Green Battery Minerals's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Green Battery Minerals's Asset Turnover falls into.



Green Battery Minerals Asset Turnover Calculation

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

Green Battery Minerals's Asset Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Feb. 2023 )/( (Total Assets (A: Feb. 2022 )+Total Assets (A: Feb. 2023 ))/ count )
=0/( (4.239+1.933)/ 2 )
=0/3.086
=0.00

Green Battery Minerals's Asset Turnover for the quarter that ended in Nov. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Nov. 2023 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Nov. 2023 ))/ count )
=0/( (1.896+1.604)/ 2 )
=0/1.75
=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.


Green Battery Minerals  (OTCPK:GBMIF) Asset Turnover Explanation

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

Green Battery Minerals's annulized ROE % for the quarter that ended in Nov. 2023 is

ROE %**(Q: Nov. 2023 )
=Net Income/Total Stockholders Equity
=-1.196/1.537
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.196 / 0)*(0 / 1.75)*(1.75/ 1.537)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.1386
=ROA %*Equity Multiplier
=-68.34 %*1.1386
=-77.81 %

Note: The Net Income data used here is four times the quarterly (Nov. 2023) net income data. The Revenue data used here is four times the quarterly (Nov. 2023) 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:

Green Battery Minerals's annulized ROA % for the quarter that ended in Nov. 2023 is

ROA %(Q: Nov. 2023 )
=Net Income/Total Assets
=-1.196/1.75
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.196 / 0)*(0 / 1.75)
=Net Margin %*Asset Turnover
= %*0
=-68.34 %

Note: The Net Income data used here is four times the quarterly (Nov. 2023) net income data. The Revenue data used here is four times the quarterly (Nov. 2023) 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.


Green Battery Minerals Asset Turnover Related Terms

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Green Battery Minerals (Green Battery Minerals) Business Description

Traded in Other Exchanges
Address
1100 - 1111 Melville Street, Vancouver, BC, CAN, V6E 3V6
Green Battery Minerals Inc is engaged in the exploration and development of green commodities required by the burgeoning Lithium-Ion battery market.

Green Battery Minerals (Green Battery Minerals) Headlines

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