RHCCF (Royal Helium) Asset Turnover: 0.01 (As of Sep. 2024)

What is Royal Helium Asset Turnover?

Royal Helium RHCCF Asset Turnover is 0.01 as of Sep. 2024.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Royal Helium's Revenue for the three months ended in Sep. 2024 was $0.50 Mil. Royal Helium's Total Assets for the quarter that ended in Sep. 2024 was $64.84 Mil. Therefore, Royal Helium's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Royal Helium's annualized ROE % for the quarter that ended in Sep. 2024 was -28.38%. It is also linked to ROA % through Du Pont Formula. Royal Helium's annualized ROA % for the quarter that ended in Sep. 2024 was -15.68%.

Royal Helium (OTCPK:RHCCF) Asset Turnover Explanation

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

Royal Helium's annulized ROE % for the quarter that ended in Sep. 2024 is

	ROE %^**		(Q: Sep. 2024 )
=	Net Income	/	Total Stockholders Equity
=	-10.168	/	35.8275
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-10.168 / 1.992)	*	(1.992 / 64.8385)	*	(64.8385/ 35.8275)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-510.44 %	*	0.0307	*	1.8097
=	ROA %	*	Equity Multiplier
=	-15.68 %	*	1.8097
=	-28.38 %

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.

^** 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:

Royal Helium's annulized ROA % for the quarter that ended in Sep. 2024 is

	ROA %		(Q: Sep. 2024 )
=	Net Income	/	Total Assets
=	-10.168	/	64.8385
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-10.168 / 1.992)	*	(1.992 / 64.8385)
=	Net Margin %	*	Asset Turnover
=	-510.44 %	*	0.0307
=	-15.68 %

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.

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.

Royal Helium Asset Turnover Related Terms

Royal Helium Asset Turnover Historical Data

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The historical data trend for Royal Helium's Asset Turnover can be seen below:

Royal Helium Asset Turnover Chart

Royal Helium Annual Data

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Asset Turnover

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Royal Helium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Asset Turnover	Get a 7-Day Free Trial															0.00	0.00	0.01	0.01	0.01

RHCCF vs GRVE, SPOWF, LEEN: Asset Turnover Comparison

For the Oil & Gas E&P subindustry, Royal Helium'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.

Royal Helium Asset Turnover vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Royal Helium's Asset Turnover distribution charts can be found below:

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

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Royal Helium Asset Turnover Calculation

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

Royal Helium'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 )
=	0.073	/	( (43.982	+	68.437)	/ 2 )
=	0.073	/	56.2095
=	0.00

Royal Helium'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 )
=	0.498	/	( (65.036	+	64.641)	/ 2 )
=	0.498	/	64.8385
=	0.01

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 0.01 mean?

Royal Helium (RHCCF) has a Asset Turnover of 0.01 as of Sep. 2024. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Royal Helium and its competitors.

Is Royal Helium's Asset Turnover too high?

Royal Helium's current Asset Turnover is 0.01.

How does Royal Helium's Asset Turnover compare to GRVE and SPOWF?

Royal Helium's Asset Turnover of 0.01 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Asset Turnover depends on the Oil & Gas 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 Royal Helium and its competitors. Royal Helium's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Royal Helium stock overvalued right now?

Royal Helium (RHCCF) has a current Asset Turnover of 0.01. The current Asset Turnover is 0.01. 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 Royal Helium (RHCCF), the current Asset Turnover is 0.01 as of Sep. 2024. 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.

Royal Helium Business Description

Industry Energy Oil & Gas

Comparable Companies GRVE SPOWF LEEN FOMI PTCO CRCE MMEX FECOF COP HKSE:00883 TSX:CNQ EOG OXY FANG MIC:NVTK EQT ASX:WDS EXE DVN TSE:1605

Address 224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website https://www.royalheliumltd.com

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. The company's project includes Saskatchewan Helium Play Elements for Success.