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Cal Bay International (Cal Bay International) Asset Turnover : 0.00 (As of Sep. 2006)


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What is Cal Bay International Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cal Bay International's Revenue for the three months ended in Sep. 2006 was $0.03 Mil. Cal Bay International's Total Assets for the quarter that ended in Sep. 2006 was $21.98 Mil. Therefore, Cal Bay International's Asset Turnover for the quarter that ended in Sep. 2006 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Cal Bay International's annualized ROE % for the quarter that ended in Sep. 2006 was -21.31%. It is also linked to ROA % through Du Pont Formula. Cal Bay International's annualized ROA % for the quarter that ended in Sep. 2006 was -16.63%.


Cal Bay International Asset Turnover Historical Data

The historical data trend for Cal Bay International'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.

Cal Bay International Asset Turnover Chart

Cal Bay International Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05
Asset Turnover
12.00 5.29 2.23 7.59 -

Cal Bay International Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 - - - 0.01 -

Competitive Comparison of Cal Bay International's Asset Turnover

For the Capital Markets subindustry, Cal Bay International'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.


Cal Bay International's Asset Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cal Bay International's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Cal Bay International's Asset Turnover falls into.



Cal Bay International Asset Turnover Calculation

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

Cal Bay International's Asset Turnover for the fiscal year that ended in Dec. 2005 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2005 )/( (Total Assets (A: Dec. 2004 )+Total Assets (A: Dec. 2005 ))/ count )
=0.006/( (0.016+11.49)/ 2 )
=0.006/5.753
=0.00

Cal Bay International's Asset Turnover for the quarter that ended in Sep. 2006 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2006 )/( (Total Assets (Q: Jun. 2006 )+Total Assets (Q: Sep. 2006 ))/ count )
=0.032/( (32.473+11.49)/ 2 )
=0.032/21.9815
=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.


Cal Bay International  (OTCPK:CBYI) Asset Turnover Explanation

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

Cal Bay International's annulized ROE % for the quarter that ended in Sep. 2006 is

ROE %**(Q: Sep. 2006 )
=Net Income/Total Stockholders Equity
=-3.656/17.1535
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.656 / 0.128)*(0.128 / 21.9815)*(21.9815/ 17.1535)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2856.25 %*0.0058*1.2815
=ROA %*Equity Multiplier
=-16.63 %*1.2815
=-21.31 %

Note: The Net Income data used here is four times the quarterly (Sep. 2006) net income data. The Revenue data used here is four times the quarterly (Sep. 2006) 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:

Cal Bay International's annulized ROA % for the quarter that ended in Sep. 2006 is

ROA %(Q: Sep. 2006 )
=Net Income/Total Assets
=-3.656/21.9815
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.656 / 0.128)*(0.128 / 21.9815)
=Net Margin %*Asset Turnover
=-2856.25 %*0.0058
=-16.63 %

Note: The Net Income data used here is four times the quarterly (Sep. 2006) net income data. The Revenue data used here is four times the quarterly (Sep. 2006) 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.


Cal Bay International Asset Turnover Related Terms

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Cal Bay International (Cal Bay International) Business Description

Traded in Other Exchanges
N/A
Address
1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014
Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.