GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Royalties Ltd (TSXV:STRR) » Definitions » Asset Turnover

Star Royalties (TSXV:STRR) Asset Turnover : 0.00 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Star Royalties Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Star Royalties's Revenue for the three months ended in Sep. 2024 was C$0.17 Mil. Star Royalties's Total Assets for the quarter that ended in Sep. 2024 was C$71.89 Mil. Therefore, Star Royalties's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Star Royalties's annualized ROE % for the quarter that ended in Sep. 2024 was -10.17%. It is also linked to ROA % through Du Pont Formula. Star Royalties's annualized ROA % for the quarter that ended in Sep. 2024 was -10.03%.


Star Royalties Asset Turnover Historical Data

The historical data trend for Star Royalties'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.

Star Royalties Asset Turnover Chart

Star Royalties Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
- - 0.05 0.04 0.02

Star Royalties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 - 0.01 0.01 -

Competitive Comparison of Star Royalties's Asset Turnover

For the Other Precious Metals & Mining subindustry, Star Royalties'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.


Star Royalties's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Star Royalties's Asset Turnover falls into.



Star Royalties Asset Turnover Calculation

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

Star Royalties's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=1.261/( (63.328+73.257)/ 2 )
=1.261/68.2925
=0.02

Star Royalties's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.169/( (72.516+71.271)/ 2 )
=0.169/71.8935
=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.


Star Royalties  (TSXV:STRR) Asset Turnover Explanation

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

Star Royalties's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-7.212/70.9165
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-7.212 / 0.676)*(0.676 / 71.8935)*(71.8935/ 70.9165)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1066.86 %*0.0094*1.0138
=ROA %*Equity Multiplier
=-10.03 %*1.0138
=-10.17 %

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

Star Royalties's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-7.212/71.8935
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-7.212 / 0.676)*(0.676 / 71.8935)
=Net Margin %*Asset Turnover
=-1066.86 %*0.0094
=-10.03 %

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


Star Royalties Asset Turnover Related Terms

Thank you for viewing the detailed overview of Star Royalties's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Star Royalties Business Description

Traded in Other Exchanges
Address
1601-110 Yonge Street, Toronto, ON, CAN, M5C 1C4
Star Royalties Ltd is a precious metals and carbon credit royalty and streaming company. The company has developed its carbon credit royalties in forestry and regenerative agriculture. The group offers investors exposure to precious metals and carbon credits by originating high-quality royalties and streams. The company's assets comprise Elk Gold, Copperstone, Keysbrook, Baavhai Uul, and others. The Company organizes and manages the business under Star Royalties and Green Star joint venture. Geographically, the company operates in The United States, Canada, Australia and Mongolia.
Executives
Zeta Resources Limited 10% Security Holder
Anthony Lesiak Director
Alexandre Jean Pernin Director, Senior Officer
Beatriz Orrantia Director
Kevin Maclean Senior Officer
Kenneth King-hei Ngo Senior Officer