Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Zoro Mining's Revenue for the
six
months ended in Apr. 2012 was $0.00 Mil. Zoro Mining's Total Assets for the quarter that ended in Apr. 2012 was $0.09 Mil. Therefore, Zoro Mining's Asset Turnover for the quarter that ended in Apr. 2012 was 0.00.
Asset Turnover is linked to ROE % through Du Pont Formula. Zoro Mining's annualizedROE % for the quarter that ended in Apr. 2012 was 365.36%. It is also linked to ROA % through Du Pont Formula. Zoro Mining's annualizedROA % for the quarter that ended in Apr. 2012 was -8,755.08%.
Zoro Mining Asset Turnover Historical Data
The historical data trend for Zoro 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.
Competitive Comparison of Zoro Mining's Asset Turnover
For the Other Industrial Metals & Mining subindustry, Zoro 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.
Zoro Mining's Asset Turnover Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zoro Mining's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Zoro Mining's Asset Turnover falls into.
Zoro Mining Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
Zoro Mining's Asset Turnover for the fiscal year that ended in Apr. 2012 is calculated as
* 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.
Note:
The Net Income data used here is two times the semi-annual (Apr. 2012) net income data. The Revenue data used here is two times the semi-annual (Apr. 2012) 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:
Zoro Mining's annulizedROA % for the quarter that ended in Apr. 2012 is
Note:
The Net Income data used here is two times the semi-annual (Apr. 2012) net income data. The Revenue data used here is two times the semi-annual (Apr. 2012) 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.
Zoro Mining Asset Turnover Related Terms
Thank you for viewing the detailed overview of Zoro Mining's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Zoro Mining Corp was incorporated under the laws of the State of Nevada on April 20, 2004 under the name 'Rockdale Mining Corp'. Effective March 19, 2007, it merged with a wholly-owned subsidiary, Zoro Mining Corp., pursuant to Articles of merger filed with the Nevada Secretary of State. The merger was in the form of a parent/subsidiary merger with Rochdale Mining Corp. as the surviving corporation. Upon completion of the merger, its corporate name was changed to 'Zoro Mining Corp.' and its Articles of Incorporation were amended to reflect this name change. It is a natural resource exploration company currently engaged in the exploration, acquisition and development of property located in South America and Mexico. It plans to conduct exploration programs on its properties with the objective of ascertaining whether any of its properties contain economic concentrations of minerals that are prospective for mining. The Company currently has interests in an aggregate of approximately 27,294 net acres located in Chile, approximately 4,940 net acres in Peru, and a further 6,822 gross acres located in Mexico, targeting gold, copper and platinum. It operates in a highly competitive industry, competing with other mining and exploration mineral companies, and institutional and individual investors, which are actively seeking metal and mineral based exploration properties throughout the world together with the equipment, labor and materials required to exploit such properties. The Company's mineral exploration activities are, or would be, subject to extensive foreign laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters.
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