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Key Mining (Key Mining) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Key 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. Key Mining's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Key Mining's Total Assets for the quarter that ended in Dec. 2023 was $7.46 Mil. Therefore, Key Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Key Mining's annualized ROE % for the quarter that ended in Dec. 2023 was -55.56%. It is also linked to ROA % through Du Pont Formula. Key Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -53.13%.


Key Mining Asset Turnover Historical Data

The historical data trend for Key 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.

Key Mining Asset Turnover Chart

Key Mining Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
- - -

Key Mining Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial - - - - -

Competitive Comparison of Key Mining's Asset Turnover

For the Other Industrial Metals & Mining subindustry, Key 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.


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

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

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



Key Mining Asset Turnover Calculation

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

Key Mining'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 )
=0/( (3.693+6.98)/ 2 )
=0/5.3365
=0.00

Key Mining's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (7.943+6.98)/ 2 )
=0/7.4615
=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.


Key Mining  (AMEX:KMCM) Asset Turnover Explanation

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

Key Mining's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-3.964/7.1345
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.964 / 0)*(0 / 7.4615)*(7.4615/ 7.1345)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*1.0458
=ROA %*Equity Multiplier
=-53.13 %*1.0458
=-55.56 %

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

Key Mining's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-3.964/7.4615
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.964 / 0)*(0 / 7.4615)
=Net Margin %*Asset Turnover
= %*0
=-53.13 %

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


Key Mining Asset Turnover Related Terms

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Key Mining (Key Mining) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131
Key Mining Corp is an exploration-stage mining company focused on the development of two projects, both of which are located in the Atacama Region of the Republic of Chile. Its Cerro Blanco project is focused on exploring rutile from which high-grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused on exploring copper, and to a lesser extent, zinc.

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