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Camino Minerals (TSXV:COR) Asset Turnover : 0.00 (As of Jul. 2024)


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What is Camino Minerals Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Camino Minerals's Revenue for the three months ended in Jul. 2024 was C$0.00 Mil. Camino Minerals's Total Assets for the quarter that ended in Jul. 2024 was C$6.11 Mil. Therefore, Camino Minerals's Asset Turnover for the quarter that ended in Jul. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Camino Minerals's annualized ROE % for the quarter that ended in Jul. 2024 was -73.37%. It is also linked to ROA % through Du Pont Formula. Camino Minerals's annualized ROA % for the quarter that ended in Jul. 2024 was -54.49%.


Camino Minerals Asset Turnover Historical Data

The historical data trend for Camino 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.

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Camino Minerals Asset Turnover Chart

Camino Minerals Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Asset Turnover
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Camino Minerals Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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Competitive Comparison of Camino Minerals's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Camino 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.


Camino Minerals's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Camino Minerals's Asset Turnover falls into.



Camino Minerals Asset Turnover Calculation

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

Camino Minerals'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/( (6.592+5.946)/ 2 )
=0/6.269
=0.00

Camino Minerals's Asset Turnover for the quarter that ended in Jul. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jul. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Jul. 2024 ))/ count )
=0/( (6.283+5.946)/ 2 )
=0/6.1145
=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.


Camino Minerals  (TSXV:COR) Asset Turnover Explanation

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

Camino Minerals's annulized ROE % for the quarter that ended in Jul. 2024 is

ROE %**(Q: Jul. 2024 )
=Net Income/Total Stockholders Equity
=-3.332/4.5415
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.332 / 0)*(0 / 6.1145)*(6.1145/ 4.5415)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.3464
=ROA %*Equity Multiplier
=-54.49 %*1.3464
=-73.37 %

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

Camino Minerals's annulized ROA % for the quarter that ended in Jul. 2024 is

ROA %(Q: Jul. 2024 )
=Net Income/Total Assets
=-3.332/6.1145
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.332 / 0)*(0 / 6.1145)
=Net Margin %*Asset Turnover
= %*0
=-54.49 %

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


Camino Minerals Asset Turnover Related Terms

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Camino Minerals Business Description

Traded in Other Exchanges
Address
555 West Hastings Street, Suite 1780, Vancouver, BC, CAN, V6B 4N6
Camino Minerals Corp is an exploration-stage company. It is engaged in the exploration and development of mineral properties. The company's projects include the Los Chapitos Project, the Maria Cecilia Project, and Plata Dorada Project in Peru. The Company has acquired the Puquios copper project in Chile, located in the La Serena district.
Executives
Jay Chmelauskas Senior Officer
Justin Bourassa Senior Officer
Kenneth C. Mcnaughton Director
John Williamson Senior Officer
Jeremy Yaseniuk Director