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Copper Fox Metals (TSXV:CUU) Asset Turnover : 0.00 (As of Jan. 2024)


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What is Copper Fox Metals Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Copper Fox Metals's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. Copper Fox Metals's Total Assets for the quarter that ended in Jan. 2024 was C$83.44 Mil. Therefore, Copper Fox Metals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Copper Fox Metals's annualized ROE % for the quarter that ended in Jan. 2024 was -1.13%. It is also linked to ROA % through Du Pont Formula. Copper Fox Metals's annualized ROA % for the quarter that ended in Jan. 2024 was -1.11%.


Copper Fox Metals Asset Turnover Historical Data

The historical data trend for Copper Fox Metals'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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Copper Fox Metals Asset Turnover Chart

Copper Fox Metals Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Asset Turnover
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Copper Fox Metals Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Copper Fox Metals's Asset Turnover

For the Copper subindustry, Copper Fox Metals'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.


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

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

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



Copper Fox Metals Asset Turnover Calculation

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

Copper Fox Metals's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=0/( (81.004+83.915)/ 2 )
=0/82.4595
=0.00

Copper Fox Metals's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (83.915+82.963)/ 2 )
=0/83.439
=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.


Copper Fox Metals  (TSXV:CUU) Asset Turnover Explanation

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

Copper Fox Metals's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-0.924/81.7605
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.924 / 0)*(0 / 83.439)*(83.439/ 81.7605)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0205
=ROA %*Equity Multiplier
=-1.11 %*1.0205
=-1.13 %

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

Copper Fox Metals's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-0.924/83.439
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.924 / 0)*(0 / 83.439)
=Net Margin %*Asset Turnover
= %*0
=-1.11 %

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


Copper Fox Metals Asset Turnover Related Terms

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Copper Fox Metals (TSXV:CUU) Business Description

Traded in Other Exchanges
Address
340 - 12th Avenue South West, Suite 650, Calgary, AB, CAN, T2R 1L5
Copper Fox Metals Inc is a Canadian-based resource company. It is focused on the exploration and development of copper mineral properties in Canada and the United States. It has interests in the Van Dyke Project, Sombrero Butte Project, Mineral Mountain Project, and Schaft Creek Properties, among others. The geographic segments of the group are Canada and the United States. It derives a majority of its revenue from Canada.

Copper Fox Metals (TSXV:CUU) Headlines

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