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Volatus Capital (XCNQ:VC) Asset Turnover : 0.00 (As of Oct. 2023)


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What is Volatus Capital Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Volatus Capital's Revenue for the three months ended in Oct. 2023 was C$0.00 Mil. Volatus Capital's Total Assets for the quarter that ended in Oct. 2023 was C$6.37 Mil. Therefore, Volatus Capital's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Volatus Capital's annualized ROE % for the quarter that ended in Oct. 2023 was -208.04%. It is also linked to ROA % through Du Pont Formula. Volatus Capital's annualized ROA % for the quarter that ended in Oct. 2023 was -171.14%.


Volatus Capital Asset Turnover Historical Data

The historical data trend for Volatus Capital'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.

Volatus Capital Asset Turnover Chart

Volatus Capital Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23
Asset Turnover
- - - - -

Volatus Capital Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 - - - - -

Competitive Comparison of Volatus Capital's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Volatus Capital'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.


Volatus Capital's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Volatus Capital's Asset Turnover falls into.



Volatus Capital Asset Turnover Calculation

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

Volatus Capital's Asset Turnover for the fiscal year that ended in Jan. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2023 )/( (Total Assets (A: Jan. 2022 )+Total Assets (A: Jan. 2023 ))/ count )
=0/( (10.399+10.685)/ 2 )
=0/10.542
=0.00

Volatus Capital's Asset Turnover for the quarter that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2023 )/( (Total Assets (Q: Jul. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=0/( (7.635+5.103)/ 2 )
=0/6.369
=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.


Volatus Capital  (XCNQ:VC) Asset Turnover Explanation

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

Volatus Capital's annulized ROE % for the quarter that ended in Oct. 2023 is

ROE %**(Q: Oct. 2023 )
=Net Income/Total Stockholders Equity
=-10.9/5.2395
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-10.9 / 0)*(0 / 6.369)*(6.369/ 5.2395)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.2156
=ROA %*Equity Multiplier
=-171.14 %*1.2156
=-208.04 %

Note: The Net Income data used here is four times the quarterly (Oct. 2023) net income data. The Revenue data used here is four times the quarterly (Oct. 2023) 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:

Volatus Capital's annulized ROA % for the quarter that ended in Oct. 2023 is

ROA %(Q: Oct. 2023 )
=Net Income/Total Assets
=-10.9/6.369
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-10.9 / 0)*(0 / 6.369)
=Net Margin %*Asset Turnover
= %*0
=-171.14 %

Note: The Net Income data used here is four times the quarterly (Oct. 2023) net income data. The Revenue data used here is four times the quarterly (Oct. 2023) 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.


Volatus Capital Asset Turnover Related Terms

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Volatus Capital (XCNQ:VC) Business Description

Traded in Other Exchanges
Address
733 Seymour Street, Suite 2900, PO Box 1, Vancouver Centre II, Vancouver, BC, CAN, V6B 0S6
Volatus Capital Corp is engaged in the business of acquiring and exploring mineral resource properties in Canada. The company holds an interest in the Sunset Copper Star Project and the Split Dome Copper Project. The Company has two operating segments: the exploration and evaluation assets in Canada and its investment in Leigh Creek Magnesite Proprietary Limited.
Executives
Martin Alexander Wurm 10% Security Holder

Volatus Capital (XCNQ:VC) Headlines