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Southern Silver Exploration (TSXV:SSV) Asset Turnover : 0.00 (As of Oct. 2024)


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What is Southern Silver Exploration Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Southern Silver Exploration's Revenue for the three months ended in Oct. 2024 was C$0.00 Mil. Southern Silver Exploration's Total Assets for the quarter that ended in Oct. 2024 was C$37.57 Mil. Therefore, Southern Silver Exploration's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Southern Silver Exploration's annualized ROE % for the quarter that ended in Oct. 2024 was -24.96%. It is also linked to ROA % through Du Pont Formula. Southern Silver Exploration's annualized ROA % for the quarter that ended in Oct. 2024 was -24.67%.


Southern Silver Exploration Asset Turnover Historical Data

The historical data trend for Southern Silver Exploration'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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Southern Silver Exploration Asset Turnover Chart

Southern Silver Exploration Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Asset Turnover
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Southern Silver Exploration Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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Competitive Comparison of Southern Silver Exploration's Asset Turnover

For the Other Precious Metals & Mining subindustry, Southern Silver Exploration'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.


Southern Silver Exploration's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Southern Silver Exploration's Asset Turnover falls into.


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Southern Silver Exploration Asset Turnover Calculation

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

Southern Silver Exploration's Asset Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2024 )/( (Total Assets (A: Apr. 2023 )+Total Assets (A: Apr. 2024 ))/ count )
=0/( (39.208+35.518)/ 2 )
=0/37.363
=0.00

Southern Silver Exploration's Asset Turnover for the quarter that ended in Oct. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2024 )/( (Total Assets (Q: Jul. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=0/( (37.808+37.328)/ 2 )
=0/37.568
=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.


Southern Silver Exploration  (TSXV:SSV) Asset Turnover Explanation

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

Southern Silver Exploration's annulized ROE % for the quarter that ended in Oct. 2024 is

ROE %**(Q: Oct. 2024 )
=Net Income/Total Stockholders Equity
=-9.268/37.1355
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-9.268 / 0)*(0 / 37.568)*(37.568/ 37.1355)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0116
=ROA %*Equity Multiplier
=-24.67 %*1.0116
=-24.96 %

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

Southern Silver Exploration's annulized ROA % for the quarter that ended in Oct. 2024 is

ROA %(Q: Oct. 2024 )
=Net Income/Total Assets
=-9.268/37.568
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-9.268 / 0)*(0 / 37.568)
=Net Margin %*Asset Turnover
= %*0
=-24.67 %

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


Southern Silver Exploration Asset Turnover Related Terms

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Southern Silver Exploration Business Description

Traded in Other Exchanges
Address
1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5
Southern Silver Exploration Corp is a Canadian company engaged in the acquisition, exploration, and development of natural resource properties for enhancement of value and disposition according to sales agreements or development by way of third-party option or joint venture agreements. Its properties include Cerro Las Minitas, El Sol, Hermanas, and Oro. It has a single operating segment acquisition and exploration of mineral properties.
Executives
Lawrence Peter Page Director, Senior Officer
Robert William John Macdonald Senior Officer
Donald Richard Head Director
David Roger Scammell Director
Larry James Buchanan Director
Eugene Spiering Director
Graham Henry Thatcher Senior Officer
Peter Cheesbrough Director

Southern Silver Exploration Headlines

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