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Zinco Mining (TSXV:ZIM.H) Asset Turnover : 0.00 (As of Jun. 2017)


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What is Zinco Mining Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Zinco Mining's Revenue for the three months ended in Jun. 2017 was C$0.00 Mil. Zinco Mining's Total Assets for the quarter that ended in Jun. 2017 was C$0.02 Mil. Therefore, Zinco Mining's Asset Turnover for the quarter that ended in Jun. 2017 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Zinco Mining's annualized ROE % for the quarter that ended in Jun. 2017 was 24.56%. It is also linked to ROA % through Du Pont Formula. Zinco Mining's annualized ROA % for the quarter that ended in Jun. 2017 was -1,333.33%.


Zinco Mining Asset Turnover Historical Data

The historical data trend for Zinco Mining'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.

Zinco Mining Asset Turnover Chart

Zinco Mining Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Asset Turnover
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Zinco Mining Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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Competitive Comparison of Zinco Mining's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Zinco Mining'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.


Zinco Mining's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Zinco Mining's Asset Turnover falls into.



Zinco Mining Asset Turnover Calculation

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

Zinco Mining's Asset Turnover for the fiscal year that ended in Sep. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2016 )/( (Total Assets (A: Sep. 2015 )+Total Assets (A: Sep. 2016 ))/ count )
=0/( (0.007+0.007)/ 2 )
=0/0.007
=0.00

Zinco Mining's Asset Turnover for the quarter that ended in Jun. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2017 )/( (Total Assets (Q: Mar. 2017 )+Total Assets (Q: Jun. 2017 ))/ count )
=0/( (0.021+0.018)/ 2 )
=0/0.0195
=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.


Zinco Mining  (TSXV:ZIM.H) Asset Turnover Explanation

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

Zinco Mining's annulized ROE % for the quarter that ended in Jun. 2017 is

ROE %**(Q: Jun. 2017 )
=Net Income/Total Stockholders Equity
=-0.26/-1.0585
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.26 / 0)*(0 / 0.0195)*(0.0195/ -1.0585)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.0184
=ROA %*Equity Multiplier
=-1,333.33 %*-0.0184
=24.56 %

Note: The Net Income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) 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:

Zinco Mining's annulized ROA % for the quarter that ended in Jun. 2017 is

ROA %(Q: Jun. 2017 )
=Net Income/Total Assets
=-0.26/0.0195
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.26 / 0)*(0 / 0.0195)
=Net Margin %*Asset Turnover
= %*0
=-1,333.33 %

Note: The Net Income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) 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.


Zinco Mining Asset Turnover Related Terms

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Zinco Mining (TSXV:ZIM.H) Business Description

Traded in Other Exchanges
N/A
Address
16055 Fraser Highway, Suite 825, 205, Surrey, BC, CAN, V4N 0G2
Zinco Mining Corp is an exploration-stage company. The company is engaged in the acquisition, exploration, and development of its mineral interests. The firm is in the process of exploring its exploration and evaluation assets. It is engaged in the discovery and development of volcanogenic massive sulfide (VMS) deposits in Mexico. The firm, through its subsidiary, Minera Croesus S.A. de C.V., owns approximately seven mining concessions that define the VMS Project.

Zinco Mining (TSXV:ZIM.H) Headlines

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