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Blue Sky Energy (TSXV:BSI.H) Asset Turnover : 0.00 (As of Jan. 2022)


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What is Blue Sky Energy Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Blue Sky Energy's Revenue for the three months ended in Jan. 2022 was C$0.00 Mil. Blue Sky Energy's Total Assets for the quarter that ended in Jan. 2022 was C$0.03 Mil. Therefore, Blue Sky Energy's Asset Turnover for the quarter that ended in Jan. 2022 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Blue Sky Energy's annualized ROE % for the quarter that ended in Jan. 2022 was 17.53%. It is also linked to ROA % through Du Pont Formula. Blue Sky Energy's annualized ROA % for the quarter that ended in Jan. 2022 was -1,643.64%.


Blue Sky Energy Asset Turnover Historical Data

The historical data trend for Blue Sky Energy'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.

Blue Sky Energy Asset Turnover Chart

Blue Sky Energy Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Asset Turnover
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Blue Sky Energy Quarterly Data
Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22
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Competitive Comparison of Blue Sky Energy's Asset Turnover

For the Oil & Gas E&P subindustry, Blue Sky Energy'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.


Blue Sky Energy's Asset Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Blue Sky Energy's Asset Turnover falls into.



Blue Sky Energy Asset Turnover Calculation

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

Blue Sky Energy's Asset Turnover for the fiscal year that ended in Jul. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jul. 2021 )/( (Total Assets (A: Jul. 2020 )+Total Assets (A: Jul. 2021 ))/ count )
=0/( (0.009+0.017)/ 2 )
=0/0.013
=0.00

Blue Sky Energy's Asset Turnover for the quarter that ended in Jan. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2022 )/( (Total Assets (Q: Oct. 2021 )+Total Assets (Q: Jan. 2022 ))/ count )
=0/( (0.03+0.025)/ 2 )
=0/0.0275
=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.


Blue Sky Energy  (TSXV:BSI.H) Asset Turnover Explanation

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

Blue Sky Energy's annulized ROE % for the quarter that ended in Jan. 2022 is

ROE %**(Q: Jan. 2022 )
=Net Income/Total Stockholders Equity
=-0.452/-2.5785
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.452 / 0)*(0 / 0.0275)*(0.0275/ -2.5785)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.0107
=ROA %*Equity Multiplier
=-1,643.64 %*-0.0107
=17.53 %

Note: The Net Income data used here is four times the quarterly (Jan. 2022) net income data. The Revenue data used here is four times the quarterly (Jan. 2022) 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:

Blue Sky Energy's annulized ROA % for the quarter that ended in Jan. 2022 is

ROA %(Q: Jan. 2022 )
=Net Income/Total Assets
=-0.452/0.0275
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.452 / 0)*(0 / 0.0275)
=Net Margin %*Asset Turnover
= %*0
=-1,643.64 %

Note: The Net Income data used here is four times the quarterly (Jan. 2022) net income data. The Revenue data used here is four times the quarterly (Jan. 2022) 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.


Blue Sky Energy Asset Turnover Related Terms

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Blue Sky Energy (TSXV:BSI.H) Business Description

Traded in Other Exchanges
N/A
Address
65 Queen Street West, Suite 805, 8th Floor, Toronto, ON, CAN, M5H 2M5
Blue Sky Energy Inc is an oil and gas exploration company focused on pursuing the exploration, evaluation, and development of resource assets. It is exploring opportunities in the domestic and international oil and gas sector with a focus on competitive and stable energy jurisdictions.

Blue Sky Energy (TSXV:BSI.H) Headlines

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