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QC Copper and Gold (TSXV:QCCU) Asset Turnover : 0.00 (As of Jan. 2024)


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What is QC Copper and Gold Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. QC Copper and Gold's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. QC Copper and Gold's Total Assets for the quarter that ended in Jan. 2024 was C$12.53 Mil. Therefore, QC Copper and Gold's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. QC Copper and Gold's annualized ROE % for the quarter that ended in Jan. 2024 was 8.35%. It is also linked to ROA % through Du Pont Formula. QC Copper and Gold's annualized ROA % for the quarter that ended in Jan. 2024 was 8.20%.


QC Copper and Gold Asset Turnover Historical Data

The historical data trend for QC Copper and Gold'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.

QC Copper and Gold Asset Turnover Chart

QC Copper and Gold Annual Data
Trend Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
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QC Copper and Gold 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 QC Copper and Gold's Asset Turnover

For the Copper subindustry, QC Copper and Gold'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.


QC Copper and Gold's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where QC Copper and Gold's Asset Turnover falls into.



QC Copper and Gold Asset Turnover Calculation

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

QC Copper and Gold'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/( (16.837+12.383)/ 2 )
=0/14.61
=0.00

QC Copper and Gold'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/( (12.383+12.677)/ 2 )
=0/12.53
=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.


QC Copper and Gold  (TSXV:QCCU) Asset Turnover Explanation

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

QC Copper and Gold's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=1.028/12.317
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.028 / 0)*(0 / 12.53)*(12.53/ 12.317)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0173
=ROA %*Equity Multiplier
=8.20 %*1.0173
=8.35 %

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:

QC Copper and Gold's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=1.028/12.53
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.028 / 0)*(0 / 12.53)
=Net Margin %*Asset Turnover
= %*0
=8.20 %

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.


QC Copper and Gold Asset Turnover Related Terms

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QC Copper and Gold (TSXV:QCCU) Business Description

Traded in Other Exchanges
Address
55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7
QC Copper and Gold Inc are engaged in the business activity is the exploration, development and production of exploration and evaluation assets in Canada. The company is involved in the project namely Roger and Opemiska.
Executives
Stephen Alexander Nelson Stewart Director, Senior Officer

QC Copper and Gold (TSXV:QCCU) Headlines

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