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Silver Star Energy (Silver Star Energy) Asset Turnover : 0.03 (As of Sep. 2007)


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What is Silver Star Energy Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Silver Star Energy's Revenue for the three months ended in Sep. 2007 was $0.05 Mil. Silver Star Energy's Total Assets for the quarter that ended in Sep. 2007 was $1.92 Mil. Therefore, Silver Star Energy's Asset Turnover for the quarter that ended in Sep. 2007 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Silver Star Energy's annualized ROE % for the quarter that ended in Sep. 2007 was -37.93%. It is also linked to ROA % through Du Pont Formula. Silver Star Energy's annualized ROA % for the quarter that ended in Sep. 2007 was -37.56%.


Silver Star Energy Asset Turnover Historical Data

The historical data trend for Silver Star Energy'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.

Silver Star Energy Asset Turnover Chart

Silver Star Energy Annual Data
Trend Dec03 Dec04 Dec05 Dec06
Asset Turnover
0.02 - 0.35 0.42

Silver Star Energy Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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 0.10 0.15 0.14 0.02 0.03

Competitive Comparison of Silver Star Energy's Asset Turnover

For the Oil & Gas E&P subindustry, Silver Star Energy'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.


Silver Star Energy's Asset Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Silver Star Energy's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Silver Star Energy's Asset Turnover falls into.



Silver Star Energy Asset Turnover Calculation

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

Silver Star Energy's Asset Turnover for the fiscal year that ended in Dec. 2006 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2006 )/( (Total Assets (A: Dec. 2005 )+Total Assets (A: Dec. 2006 ))/ count )
=2.401/( (6.363+4.995)/ 2 )
=2.401/5.679
=0.42

Silver Star Energy's Asset Turnover for the quarter that ended in Sep. 2007 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2007 )/( (Total Assets (Q: Jun. 2007 )+Total Assets (Q: Sep. 2007 ))/ count )
=0.051/( (2.021+1.813)/ 2 )
=0.051/1.917
=0.03

* 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.


Silver Star Energy  (OTCPK:SVSE) Asset Turnover Explanation

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

Silver Star Energy's annulized ROE % for the quarter that ended in Sep. 2007 is

ROE %**(Q: Sep. 2007 )
=Net Income/Total Stockholders Equity
=-0.72/1.898
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.72 / 0.204)*(0.204 / 1.917)*(1.917/ 1.898)
=Net Margin %*Asset Turnover*Equity Multiplier
=-352.94 %*0.1064*1.01
=ROA %*Equity Multiplier
=-37.56 %*1.01
=-37.93 %

Note: The Net Income data used here is four times the quarterly (Sep. 2007) net income data. The Revenue data used here is four times the quarterly (Sep. 2007) 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:

Silver Star Energy's annulized ROA % for the quarter that ended in Sep. 2007 is

ROA %(Q: Sep. 2007 )
=Net Income/Total Assets
=-0.72/1.917
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.72 / 0.204)*(0.204 / 1.917)
=Net Margin %*Asset Turnover
=-352.94 %*0.1064
=-37.56 %

Note: The Net Income data used here is four times the quarterly (Sep. 2007) net income data. The Revenue data used here is four times the quarterly (Sep. 2007) 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.


Silver Star Energy Asset Turnover Related Terms

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Silver Star Energy (Silver Star Energy) Business Description

Traded in Other Exchanges
N/A
Address
9595 Wilshire Boulevard, Suite 900, Beverly Hills, CA, USA, 90212
Website
Silver Star Energy Inc is an early-stage energy company engaged in the exploration and development of oil and natural gas reserves throughout western North America.
Executives
Scott Marshall 10 percent owner 2435 WEST 7TH AVENUE VANCOUVER A1 00000
Gordon Samson director 9595 WILSHIRE BLVD., SUITE 900 BEVERLY HILLS CA 90212
Robert Bruce Mcintosh director, officer: President 504 THRASHER STREET, NORCROSS GA 30071

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