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Angkor Resources (TSXV:ANK) Asset Turnover : 0.00 (As of Jan. 2024)


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What is Angkor Resources Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Angkor Resources's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. Angkor Resources's Total Assets for the quarter that ended in Jan. 2024 was C$5.79 Mil. Therefore, Angkor Resources's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Angkor Resources's annualized ROE % for the quarter that ended in Jan. 2024 was -142.22%. It is also linked to ROA % through Du Pont Formula. Angkor Resources's annualized ROA % for the quarter that ended in Jan. 2024 was -33.73%.


Angkor Resources Asset Turnover Historical Data

The historical data trend for Angkor Resources'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.

Angkor Resources Asset Turnover Chart

Angkor Resources Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Asset Turnover
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Angkor Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Angkor Resources's Asset Turnover

For the Gold subindustry, Angkor Resources'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.


Angkor Resources's Asset Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Angkor Resources's Asset Turnover falls into.



Angkor Resources Asset Turnover Calculation

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

Angkor Resources's Asset Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jul. 2023 )/( (Total Assets (A: Jul. 2022 )+Total Assets (A: Jul. 2023 ))/ count )
=0/( (3.793+3.318)/ 2 )
=0/3.5555
=0.00

Angkor Resources's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (3.532+8.042)/ 2 )
=0/5.787
=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.


Angkor Resources  (TSXV:ANK) Asset Turnover Explanation

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

Angkor Resources's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=-1.952/1.3725
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.952 / 0)*(0 / 5.787)*(5.787/ 1.3725)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*4.2164
=ROA %*Equity Multiplier
=-33.73 %*4.2164
=-142.22 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) 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:

Angkor Resources's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=-1.952/5.787
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.952 / 0)*(0 / 5.787)
=Net Margin %*Asset Turnover
= %*0
=-33.73 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) 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.


Angkor Resources Asset Turnover Related Terms

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Angkor Resources (TSXV:ANK) Business Description

Traded in Other Exchanges
Address
Box 153, Sexsmith, AB, CAN, T0H 3C0
Angkor Resources Corp is engaged in the exploration and development of its mineral property interests and oil and gas interests. The firm focuses on mineral property interest located in the Kingdom of Cambodia in the provinces of Ratanakiri and Oudar Meanchey and Banteay Meanchey as well as pursuing oil and gas and other opportunities in Canada, Cambodia, and the Philippines. The company has five licenses including Banlung, Oyadao, Oyadao South, Andong Meas and Koan Nheak. The Company operates in one operating segment, which is the acquisition, exploration, and development of exploration property interests.
Executives
Delayne Weeks Deemed Insider - 6 Months before becoming Insider

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