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Central Gold-Trust (Central Gold-Trust) Asset Turnover : 0.00 (As of Sep. 2015)


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What is Central Gold-Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Central Gold-Trust's Revenue for the three months ended in Sep. 2015 was $0.00 Mil. Central Gold-Trust's Total Assets for the quarter that ended in Sep. 2015 was $810.84 Mil. Therefore, Central Gold-Trust's Asset Turnover for the quarter that ended in Sep. 2015 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Central Gold-Trust's annualized ROE % for the quarter that ended in Sep. 2015 was -21.61%. It is also linked to ROA % through Du Pont Formula. Central Gold-Trust's annualized ROA % for the quarter that ended in Sep. 2015 was -21.58%.


Central Gold-Trust Asset Turnover Historical Data

The historical data trend for Central Gold-Trust'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.

Central Gold-Trust Asset Turnover Chart

Central Gold-Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Asset Turnover
Get a 7-Day Free Trial 0.24 0.08 - - -

Central Gold-Trust Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 - - - - -

Competitive Comparison of Central Gold-Trust's Asset Turnover

For the Asset Management subindustry, Central Gold-Trust'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.


Central Gold-Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Central Gold-Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Central Gold-Trust's Asset Turnover falls into.



Central Gold-Trust Asset Turnover Calculation

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

Central Gold-Trust's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=0.035/( (860.609+856.233)/ 2 )
=0.035/858.421
=0.00

Central Gold-Trust's Asset Turnover for the quarter that ended in Sep. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2015 )/( (Total Assets (Q: Jun. 2015 )+Total Assets (Q: Sep. 2015 ))/ count )
=0.003/( (832.367+789.305)/ 2 )
=0.003/810.836
=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.


Central Gold-Trust  (AMEX:GTU) Asset Turnover Explanation

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

Central Gold-Trust's annulized ROE % for the quarter that ended in Sep. 2015 is

ROE %**(Q: Sep. 2015 )
=Net Income/Total Stockholders Equity
=-174.98/809.622
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-174.98 / 0.012)*(0.012 / 810.836)*(810.836/ 809.622)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1458166.67 %*0*1.0015
=ROA %*Equity Multiplier
=-21.58 %*1.0015
=-21.61 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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:

Central Gold-Trust's annulized ROA % for the quarter that ended in Sep. 2015 is

ROA %(Q: Sep. 2015 )
=Net Income/Total Assets
=-174.98/810.836
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-174.98 / 0.012)*(0.012 / 810.836)
=Net Margin %*Asset Turnover
=-1458166.67 %*0
=-21.58 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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.


Central Gold-Trust Asset Turnover Related Terms

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Central Gold-Trust (Central Gold-Trust) Business Description

Traded in Other Exchanges
N/A
Address
Central Gold-Trust was established on April 28, 2003 in Canada. It is a passive, self-governing, single purpose, closed-end trust. It was established to buy and hold substantially all of its assets in gold bullion. The objective of the Company is to provide a secure, convenient, low-cost, exchange-tradeable investment alternative for investors interested in holding gold bullion.

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