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American Rare Earths (NZSE:BPL) Asset Turnover : 0.00 (As of Dec. 2023)


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What is American Rare Earths Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American Rare Earths's Revenue for the six months ended in Dec. 2023 was NZ$0.00 Mil. American Rare Earths's Total Assets for the quarter that ended in Dec. 2023 was NZ$26.55 Mil. Therefore, American Rare Earths's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. American Rare Earths's annualized ROE % for the quarter that ended in Dec. 2023 was -26.48%. It is also linked to ROA % through Du Pont Formula. American Rare Earths's annualized ROA % for the quarter that ended in Dec. 2023 was -25.69%.


American Rare Earths Asset Turnover Historical Data

The historical data trend for American Rare Earths'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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American Rare Earths Asset Turnover Chart

American Rare Earths Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
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American Rare Earths Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of American Rare Earths's Asset Turnover

For the Other Industrial Metals & Mining subindustry, American Rare Earths'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.


American Rare Earths's Asset Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, American Rare Earths's Asset Turnover distribution charts can be found below:

* The bar in red indicates where American Rare Earths's Asset Turnover falls into.



American Rare Earths Asset Turnover Calculation

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

American Rare Earths's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=0/( (18.723+28.35)/ 2 )
=0/23.5365
=0.00

American Rare Earths'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: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (28.35+24.753)/ 2 )
=0/26.5515
=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.


American Rare Earths  (NZSE:BPL) Asset Turnover Explanation

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

American Rare Earths's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-6.822/25.76
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-6.822 / 0)*(0 / 26.5515)*(26.5515/ 25.76)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0307
=ROA %*Equity Multiplier
=-25.69 %*1.0307
=-26.48 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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:

American Rare Earths's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-6.822/26.5515
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-6.822 / 0)*(0 / 26.5515)
=Net Margin %*Asset Turnover
= %*0
=-25.69 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


American Rare Earths Asset Turnover Related Terms

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American Rare Earths (NZSE:BPL) Business Description

Traded in Other Exchanges
Address
Level 7, 89 York Street, Suite 706, Sydney, NSW, AUS, 2000
American Rare Earths Ltd is a mining and exploration company. It is focused on the discovery and development of strategic mineral resources. The projects of the company include exploration in the Murray Basin region, Broken Hill region, La Paz Rare Earth project, and the Thackaringa Cobalt Project.

American Rare Earths (NZSE:BPL) Headlines

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