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QZMRF (Quartz Mountain Resources) Asset Turnover : 0.00 (As of Jan. 2025)


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What is Quartz Mountain Resources Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Quartz Mountain Resources's Revenue for the three months ended in Jan. 2025 was $0.00 Mil. Quartz Mountain Resources's Total Assets for the quarter that ended in Jan. 2025 was $1.77 Mil. Therefore, Quartz Mountain Resources's Asset Turnover for the quarter that ended in Jan. 2025 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Quartz Mountain Resources's annualized ROE % for the quarter that ended in Jan. 2025 was -55.78%. It is also linked to ROA % through Du Pont Formula. Quartz Mountain Resources's annualized ROA % for the quarter that ended in Jan. 2025 was -54.81%.


Quartz Mountain Resources Asset Turnover Historical Data

The historical data trend for Quartz Mountain Resources'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.

Quartz Mountain Resources Asset Turnover Chart

Quartz Mountain Resources Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Asset Turnover
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Quartz Mountain Resources Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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Competitive Comparison of Quartz Mountain Resources's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Quartz Mountain Resources'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.


Quartz Mountain Resources's Asset Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Quartz Mountain Resources's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Quartz Mountain Resources's Asset Turnover falls into.


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Quartz Mountain Resources Asset Turnover Calculation

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

Quartz Mountain Resources's Asset Turnover for the fiscal year that ended in Jul. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jul. 2024 )/( (Total Assets (A: Jul. 2023 )+Total Assets (A: Jul. 2024 ))/ count )
=0/( (0.654+2.198)/ 2 )
=0/1.426
=0.00

Quartz Mountain Resources's Asset Turnover for the quarter that ended in Jan. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2025 )/( (Total Assets (Q: Oct. 2024 )+Total Assets (Q: Jan. 2025 ))/ count )
=0/( (1.918+1.629)/ 2 )
=0/1.7735
=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.


Quartz Mountain Resources  (OTCPK:QZMRF) Asset Turnover Explanation

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

Quartz Mountain Resources's annulized ROE % for the quarter that ended in Jan. 2025 is

ROE %**(Q: Jan. 2025 )
=Net Income/Total Stockholders Equity
=-0.972/1.7425
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.972 / 0)*(0 / 1.7735)*(1.7735/ 1.7425)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0178
=ROA %*Equity Multiplier
=-54.81 %*1.0178
=-55.78 %

Note: The Net Income data used here is four times the quarterly (Jan. 2025) net income data. The Revenue data used here is four times the quarterly (Jan. 2025) 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:

Quartz Mountain Resources's annulized ROA % for the quarter that ended in Jan. 2025 is

ROA %(Q: Jan. 2025 )
=Net Income/Total Assets
=-0.972/1.7735
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.972 / 0)*(0 / 1.7735)
=Net Margin %*Asset Turnover
= %*0
=-54.81 %

Note: The Net Income data used here is four times the quarterly (Jan. 2025) net income data. The Revenue data used here is four times the quarterly (Jan. 2025) 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.


Quartz Mountain Resources Asset Turnover Related Terms

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Quartz Mountain Resources Business Description

Traded in Other Exchanges
Address
1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1
Quartz Mountain Resources Ltd is in the business of exploring and developing mineral properties in Canada. It is focused on acquiring, exploring, developing, and transacting important scale gold, silver, and copper deposits in British Columbia. The projects that the company holds an interest in are the Maestro project and the Jake project. All the company's assets are located in Canada.