GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Universal Potash Corp (OTCPK:UPCO) » Definitions » Asset Turnover

Universal Potash (Universal Potash) Asset Turnover : 0.00 (As of Jun. 2008)


View and export this data going back to 2006. Start your Free Trial

What is Universal Potash Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Universal Potash's Revenue for the three months ended in Jun. 2008 was $0.00 Mil. Universal Potash's Total Assets for the quarter that ended in Jun. 2008 was $0.78 Mil. Therefore, Universal Potash's Asset Turnover for the quarter that ended in Jun. 2008 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Universal Potash's annualized ROE % for the quarter that ended in Jun. 2008 was -296.17%. It is also linked to ROA % through Du Pont Formula. Universal Potash's annualized ROA % for the quarter that ended in Jun. 2008 was -44.56%.


Universal Potash Asset Turnover Historical Data

The historical data trend for Universal Potash'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.

Universal Potash Asset Turnover Chart

Universal Potash Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08
Asset Turnover
- - - - -

Universal Potash Quarterly Data
Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
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 - - - - -

Competitive Comparison of Universal Potash's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Universal Potash'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.


Universal Potash's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Universal Potash's Asset Turnover falls into.



Universal Potash Asset Turnover Calculation

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

Universal Potash's Asset Turnover for the fiscal year that ended in Mar. 2008 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2008 )/( (Total Assets (A: Mar. 2007 )+Total Assets (A: Mar. 2008 ))/ count )
=0/( (0.03+0.775)/ 2 )
=0/0.4025
=0.00

Universal Potash's Asset Turnover for the quarter that ended in Jun. 2008 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2008 )/( (Total Assets (Q: Mar. 2008 )+Total Assets (Q: Jun. 2008 ))/ count )
=0/( (0.775+0.787)/ 2 )
=0/0.781
=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.


Universal Potash  (OTCPK:UPCO) Asset Turnover Explanation

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

Universal Potash's annulized ROE % for the quarter that ended in Jun. 2008 is

ROE %**(Q: Jun. 2008 )
=Net Income/Total Stockholders Equity
=-0.348/0.1175
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.348 / 0)*(0 / 0.781)*(0.781/ 0.1175)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*6.6468
=ROA %*Equity Multiplier
=-44.56 %*6.6468
=-296.17 %

Note: The Net Income data used here is four times the quarterly (Jun. 2008) net income data. The Revenue data used here is four times the quarterly (Jun. 2008) 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:

Universal Potash's annulized ROA % for the quarter that ended in Jun. 2008 is

ROA %(Q: Jun. 2008 )
=Net Income/Total Assets
=-0.348/0.781
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.348 / 0)*(0 / 0.781)
=Net Margin %*Asset Turnover
= %*0
=-44.56 %

Note: The Net Income data used here is four times the quarterly (Jun. 2008) net income data. The Revenue data used here is four times the quarterly (Jun. 2008) 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.


Universal Potash Asset Turnover Related Terms

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


Universal Potash (Universal Potash) Business Description

Traded in Other Exchanges
N/A
Address
1300 East Street, Fairport Harbor, OH, USA, 44077
Universal Potash Corp is an exploration stage company. It is engaged in the mining of natural resources in the United States.

Universal Potash (Universal Potash) Headlines

No Headlines