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Comstock (Comstock) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Comstock Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Comstock's Revenue for the three months ended in Dec. 2023 was $0.45 Mil. Comstock's Total Assets for the quarter that ended in Dec. 2023 was $100.56 Mil. Therefore, Comstock's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Comstock's annualized ROE % for the quarter that ended in Dec. 2023 was 44.00%. It is also linked to ROA % through Du Pont Formula. Comstock's annualized ROA % for the quarter that ended in Dec. 2023 was 31.56%.


Comstock Asset Turnover Historical Data

The historical data trend for Comstock'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.

Comstock Asset Turnover Chart

Comstock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 - 0.01

Comstock Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - 0.01 -

Competitive Comparison of Comstock's Asset Turnover

For the Real Estate Services subindustry, Comstock'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.


Comstock's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comstock's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Comstock's Asset Turnover falls into.



Comstock Asset Turnover Calculation

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

Comstock'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 )
=1.274/( (100.054+106.466)/ 2 )
=1.274/103.26
=0.01

Comstock's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0.448/( (94.648+106.466)/ 2 )
=0.448/100.557
=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.


Comstock  (AMEX:LODE) Asset Turnover Explanation

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

Comstock's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=31.736/72.1315
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(31.736 / 1.792)*(1.792 / 100.557)*(100.557/ 72.1315)
=Net Margin %*Asset Turnover*Equity Multiplier
=1770.98 %*0.0178*1.3941
=ROA %*Equity Multiplier
=31.56 %*1.3941
=44.00 %

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

Comstock's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=31.736/100.557
=(Net Income / Revenue)*(Revenue / Total Assets)
=(31.736 / 1.792)*(1.792 / 100.557)
=Net Margin %*Asset Turnover
=1770.98 %*0.0178
=31.56 %

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


Comstock Asset Turnover Related Terms

Thank you for viewing the detailed overview of Comstock's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Comstock (Comstock) Business Description

Traded in Other Exchanges
Address
117 American Flat Road, Virginia City, NV, USA, 89440
Comstock Inc is engaged in technologies that efficiently use wasted and under-utilized natural resources to produce renewable energy and other products that contribute to balancing uses and emissions of carbon and enhance mineral and material discoveries. It has three operating segments; The renewable energy segment consists of technology and engineering services sales, licenses, royalties, demonstration plants and equipment, and research and development expenses, The mining segment consists of mining, mine development, metal processing, and environmental and reclamation operations, and The strategic and other investments segment includes all other activities, including investments in non-mining real estate and its equity method investments.
Executives
Leo M Drozdoff director 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
William Joseph Mccarthy officer: Chief Operating Officer 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Mayaguez J Salinas director 117 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Kristin Slanina director 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
David Winsness officer: Chief Technology Officer 117 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Kevin Kreisler officer: President P.O. BOX 284, MT. ARLINGTON NJ 07856
Rahul Bobbili officer: Chief Process Engineer 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Marting Walter A. Jr director 11055 VINCENT LANE, RENO NV 89511
William John Nance director 11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025
Judd Merrill director 2425 CROOKED CANYON CT., RENO NV 89521
John Clark Gillam director PO BOX 1118,1800 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Giron Juan Carlos Jr. officer: CFO and President 777 E. WISCONSIN AVENUE, MILWAUKEE WI 53202
Degasperis Corrado F officer: CEO, Pres., PFO, CRO C/O COMSTOCK MINING INC., 117 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
Timothy Dwinell Smith officer: Chief Accounting Officer 1200 AMERICAN FLAT ROAD, VIRGINIA CITY NV 89440
John V Winfield director, 10 percent owner 11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025

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