MLMN (Millennium Prime) Asset Turnover: 0.00 (As of Jun. 2010)

What is Millennium Prime Asset Turnover?

Millennium Prime MLMN Asset Turnover is 0.00 as of Jun. 2010.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Millennium Prime's Revenue for the three months ended in Jun. 2010 was $0.00 Mil. Millennium Prime's Total Assets for the quarter that ended in Jun. 2010 was $0.09 Mil. Therefore, Millennium Prime's Asset Turnover for the quarter that ended in Jun. 2010 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Millennium Prime's annualized ROE % for the quarter that ended in Jun. 2010 was 5,651.93%. It is also linked to ROA % through Du Pont Formula. Millennium Prime's annualized ROA % for the quarter that ended in Jun. 2010 was -139,505.38%.

Millennium Prime (OTCPK:MLMN) Asset Turnover Explanation

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

Millennium Prime's annulized ROE % for the quarter that ended in Jun. 2010 is

	ROE %^**		(Q: Jun. 2010 )
=	Net Income	/	Total Stockholders Equity
=	-129.74	/	-2.2955
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-129.74 / 0)	*	(0 / 0.093)	*	(0.093/ -2.2955)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	-0.0405
=	ROA %	*	Equity Multiplier
=	-139,505.38 %	*	-0.0405
=	5,651.93 %

Note: The Net Income data used here is four times the quarterly (Jun. 2010) net income data. The Revenue data used here is four times the quarterly (Jun. 2010) 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:

Millennium Prime's annulized ROA % for the quarter that ended in Jun. 2010 is

	ROA %		(Q: Jun. 2010 )
=	Net Income	/	Total Assets
=	-129.74	/	0.093
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-129.74 / 0)	*	(0 / 0.093)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	-139,505.38 %

Note: The Net Income data used here is four times the quarterly (Jun. 2010) net income data. The Revenue data used here is four times the quarterly (Jun. 2010) revenue data.

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.

Millennium Prime Asset Turnover Related Terms

Millennium Prime Asset Turnover Historical Data

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The historical data trend for Millennium Prime's Asset Turnover can be seen below:

Millennium Prime Asset Turnover Chart

Millennium Prime Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

Sep08

Sep09

Asset Turnover

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0.78

0.00

Millennium Prime Quarterly Data
	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10
Asset Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

MLMN vs MLFB, BTDG, GBBT: Asset Turnover Comparison

For the Beverages - Wineries & Distilleries subindustry, Millennium Prime'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.

Millennium Prime Asset Turnover vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Millennium Prime's Asset Turnover distribution charts can be found below:

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

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Millennium Prime Asset Turnover Calculation

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

Millennium Prime's Asset Turnover for the fiscal year that ended in Sep. 2009 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Sep. 2009 )	/	( (Total Assets (A: Sep. 2008 )	+	Total Assets (A: Sep. 2009 ))	/ count )
=	0	/	( (0	+	0.417)	/ 1 )
=	0	/	0.417
=	0.00

Millennium Prime's Asset Turnover for the quarter that ended in Jun. 2010 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2010 )	/	( (Total Assets (Q: Mar. 2010 )	+	Total Assets (Q: Jun. 2010 ))	/ count )
=	0	/	( (0.093	+	0)	/ 1 )
=	0	/	0.093
=	0.00

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.

Frequently Asked Questions Learn more about Asset Turnover →

What does a Asset Turnover of 0.00 mean?

Millennium Prime (MLMN) has a Asset Turnover of 0.00 as of Jun. 2010. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Millennium Prime and its competitors.

Is Millennium Prime's Asset Turnover too high?

Millennium Prime's current Asset Turnover is 0.00.

How does Millennium Prime's Asset Turnover compare to MLFB and BTDG?

Millennium Prime's Asset Turnover of 0.00 can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Asset Turnover for a Beverages - Alcoholic company?

A good Asset Turnover depends on the Beverages - Alcoholic industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Asset Turnover mean?

A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Millennium Prime and its competitors. Millennium Prime's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Millennium Prime stock overvalued right now?

Millennium Prime (MLMN) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Asset Turnover calculated?

Asset Turnover is calculated from a company's financial statements. For Millennium Prime (MLMN), the current Asset Turnover is 0.00 as of Jun. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Millennium Prime Business Description

Industry Consumer Defensive Beverages - Alcoholic

Comparable Companies NSE:TALWALKARS WAR:RCW WAR:GKS ASX:IDZ BOM:541545 TSXV:HIT LSE:HNG MLFB TSXV:POOL XSAT:BODY BTDG BOM:526588 WAR:MOE BOM:540703 TSXV:AAP.H XPAR:ALCYB GBBT TSXV:IPC NGM:SPIN XSAT:WTG

Address 6538 Collins Avenue, Suite 382, Miami Beach, FL, USA, 33141

Website http://www.millenniumprime.com

Millennium Prime Inc develops superior lifestyle innovations for the millennial generation. The company's focus is on marketing products for the beverage, apparel, and entertainment categories, where it can achieve a clear and authentic market position by targeting consumers who live a lifestyle filled with high style, artistic edge, and a demand for the products. Through its subsidiary, the company functions as an importer and distributor of alcohol products, including Bong Spirit's Super Premium Vodka, which has an exclusive bong-shaped bottle.