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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Royal Mines & Minerals's Revenue for the
three
months ended in Jul. 2017 was $0.00 Mil. Royal Mines & Minerals's Total Assets for the quarter that ended in Jul. 2017 was $0.07 Mil. Therefore, Royal Mines & Minerals's Asset Turnover for the quarter that ended in Jul. 2017 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Royal Mines & Minerals's annualizedROE % for the quarter that ended in Jul. 2017 was 23.49%. It is also linked to ROA % through Du Pont Formula. Royal Mines & Minerals's annualizedROA % for the quarter that ended in Jul. 2017 was -950.72%.
Note:
The Net Income data used here is four times the quarterly (Jul. 2017) net income data. The Revenue data used here is four times the quarterly (Jul. 2017) 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 Mines & Minerals's annulizedROA % for the quarter that ended in Jul. 2017 is
Note:
The Net Income data used here is four times the quarterly (Jul. 2017) net income data. The Revenue data used here is four times the quarterly (Jul. 2017) 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.
Royal Mines & Minerals Asset Turnover Related Terms
Royal Mines & Minerals Asset Turnover Historical Data
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The historical data trend for Royal Mines & Minerals'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.
Royal Mines & Minerals Asset Turnover Competitor Comparison
For the Other Precious Metals & Mining subindustry, Royal Mines & Minerals'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 Mines & Minerals Asset Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Mines & Minerals's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Royal Mines & Minerals's Asset Turnover falls into.
* 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.
Royal Mines & Minerals (RYMM) has a Asset Turnover of 0.00 as of Jul. 2017. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Royal Mines & Minerals and its competitors.
Is Royal Mines & Minerals' Asset Turnover too high?
Royal Mines & Minerals' current Asset Turnover is 0.00.
How does Royal Mines & Minerals' Asset Turnover compare to competitors?
Royal Mines & Minerals' Asset Turnover of 0.00 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Asset Turnover depends on the Metals & Mining 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 Mines & Minerals and its competitors. Royal Mines & Minerals'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 Royal Mines & Minerals stock overvalued right now?
Royal Mines & Minerals (RYMM) 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 Royal Mines & Minerals (RYMM), the current Asset Turnover is 0.00 as of Jul. 2017. 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 Mines & Minerals Corp is involved in the business of the development of mining technologies for the extraction of precious metals. Its main objectives are to extract and refine precious metals from coal ash, ores, and other leachable assets, use its proprietary processes to create assets and joint venture, acquire and develop mining projects in North America.
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