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GYSLF (Eco Oro Minerals) Asset Turnover : 0.00 (As of Sep. 2024)


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What is Eco Oro 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. Eco Oro Minerals's Revenue for the three months ended in Sep. 2024 was $0.00 Mil. Eco Oro Minerals's Total Assets for the quarter that ended in Sep. 2024 was $0.52 Mil. Therefore, Eco Oro Minerals's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Eco Oro Minerals's annualized ROE % for the quarter that ended in Sep. 2024 was 23.87%. It is also linked to ROA % through Du Pont Formula. Eco Oro Minerals's annualized ROA % for the quarter that ended in Sep. 2024 was -765.38%.


Eco Oro Minerals Asset Turnover Historical Data

The historical data trend for Eco Oro 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.

* Premium members only.

Eco Oro Minerals Asset Turnover Chart

Eco Oro Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
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Eco Oro Minerals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Eco Oro Minerals's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Eco Oro 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.


Eco Oro Minerals's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Eco Oro Minerals's Asset Turnover falls into.



Eco Oro Minerals Asset Turnover Calculation

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

Eco Oro Minerals's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=0/( (0.831+0.359)/ 2 )
=0/0.595
=0.00

Eco Oro Minerals's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0/( (0.573+0.467)/ 2 )
=0/0.52
=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.


Eco Oro Minerals  (OTCPK:GYSLF) Asset Turnover Explanation

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

Eco Oro Minerals's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-3.98/-16.6765
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.98 / 0)*(0 / 0.52)*(0.52/ -16.6765)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.0312
=ROA %*Equity Multiplier
=-765.38 %*-0.0312
=23.87 %

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

Eco Oro Minerals's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-3.98/0.52
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.98 / 0)*(0 / 0.52)
=Net Margin %*Asset Turnover
= %*0
=-765.38 %

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


Eco Oro Minerals Asset Turnover Related Terms

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Eco Oro Minerals Business Description

Traded in Other Exchanges
Address
1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9
Eco Oro Minerals Corp is a Canadian mining and exploration company. Its principal business activities include the acquisition, exploration, and development of mineral assets. The company focuses on the development of the Angostura Project in Northeastern Colombia which consists of the Angostura deposit. It has one reportable segment, being the evaluation and exploration of mineral exploration properties in one geographic region: Colombia.

Eco Oro Minerals Headlines

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