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Aether Catalyst Solutions (XCNQ:ATHR) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Aether Catalyst Solutions Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Aether Catalyst Solutions's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Aether Catalyst Solutions's Total Assets for the quarter that ended in Dec. 2023 was C$0.09 Mil. Therefore, Aether Catalyst Solutions's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Aether Catalyst Solutions's annualized ROE % for the quarter that ended in Dec. 2023 was 326.01%. It is also linked to ROA % through Du Pont Formula. Aether Catalyst Solutions's annualized ROA % for the quarter that ended in Dec. 2023 was -623.20%.


Aether Catalyst Solutions Asset Turnover Historical Data

The historical data trend for Aether Catalyst Solutions'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.

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Aether Catalyst Solutions Asset Turnover Chart

Aether Catalyst Solutions Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
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Aether Catalyst Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Aether Catalyst Solutions's Asset Turnover

For the Auto Parts subindustry, Aether Catalyst Solutions'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.


Aether Catalyst Solutions's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aether Catalyst Solutions's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Aether Catalyst Solutions's Asset Turnover falls into.



Aether Catalyst Solutions Asset Turnover Calculation

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

Aether Catalyst Solutions'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/( (0.221+0.097)/ 2 )
=0/0.159
=0.00

Aether Catalyst Solutions'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/( (0.084+0.097)/ 2 )
=0/0.0905
=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.


Aether Catalyst Solutions  (XCNQ:ATHR) Asset Turnover Explanation

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

Aether Catalyst Solutions's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-0.564/-0.173
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.564 / 0)*(0 / 0.0905)*(0.0905/ -0.173)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*-0.5231
=ROA %*Equity Multiplier
=-623.20 %*-0.5231
=326.01 %

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:

Aether Catalyst Solutions's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-0.564/0.0905
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.564 / 0)*(0 / 0.0905)
=Net Margin %*Asset Turnover
= %*0
=-623.20 %

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.


Aether Catalyst Solutions Asset Turnover Related Terms

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Aether Catalyst Solutions (XCNQ:ATHR) Business Description

Traded in Other Exchanges
Address
8337 Eastlake Drive, Unit 104, Burnaby, BC, CAN, V5A 4W2
Aether Catalyst Solutions Inc is focused on providing an order of magnitude cost reduction in catalytic converter catalysts, while meeting, or exceeding government emission standards. It is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. The company's primary focus has been on automotive applications where it is looking to replace precious metals in automotive catalysts for gasoline powered engines. The company's target markets are the heavily regulated automotive industry and the unregulated small motors industry.
Executives
Paul John Courtney Woodward 10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Aether Catalyst Solutions (XCNQ:ATHR) Headlines

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