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Surge Copper (STU:G6D2) Asset Turnover : 0.00 (As of Dec. 2024)


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What is Surge Copper Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Surge Copper's Revenue for the three months ended in Dec. 2024 was €0.00 Mil. Surge Copper's Total Assets for the quarter that ended in Dec. 2024 was €38.51 Mil. Therefore, Surge Copper's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Surge Copper's annualized ROE % for the quarter that ended in Dec. 2024 was -6.61%. It is also linked to ROA % through Du Pont Formula. Surge Copper's annualized ROA % for the quarter that ended in Dec. 2024 was -6.09%.


Surge Copper Asset Turnover Historical Data

The historical data trend for Surge Copper'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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Surge Copper Asset Turnover Chart

Surge Copper Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Asset Turnover
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Surge Copper Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Surge Copper's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Surge Copper'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.


Surge Copper's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Surge Copper's Asset Turnover falls into.


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Surge Copper Asset Turnover Calculation

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

Surge Copper's Asset Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=0/( (34.37+34.895)/ 2 )
=0/34.6325
=0.00

Surge Copper's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0/( (38.568+38.461)/ 2 )
=0/38.5145
=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.


Surge Copper  (STU:G6D2) Asset Turnover Explanation

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

Surge Copper's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-2.344/35.4755
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.344 / 0)*(0 / 38.5145)*(38.5145/ 35.4755)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0857
=ROA %*Equity Multiplier
=-6.09 %*1.0857
=-6.61 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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:

Surge Copper's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-2.344/38.5145
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.344 / 0)*(0 / 38.5145)
=Net Margin %*Asset Turnover
= %*0
=-6.09 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


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.


Surge Copper Asset Turnover Related Terms

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Surge Copper Business Description

Traded in Other Exchanges
Address
888-700 West Georgia Street, PO Box 10351, Vancouver, BC, CAN, V7Y 1G5
Surge Copper Corp is a Canadian company engaged in the acquisition, exploration, and development of mineral properties hosting copper, gold, silver, and molybdenum prospects. The firm owns Ootsa Property, located in central British Columbia. The Company owns a 100% interest in the Ootsa Property, an exploration project containing the East Seel, West Seel, and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals.

Surge Copper Headlines

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