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Apartment Investment & Management Co (Apartment Investment & Management Co) Asset Turnover : 0.02 (As of Dec. 2023)


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What is Apartment Investment & Management Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Apartment Investment & Management Co's Revenue for the three months ended in Dec. 2023 was $49.4 Mil. Apartment Investment & Management Co's Total Assets for the quarter that ended in Dec. 2023 was $2,170.2 Mil. Therefore, Apartment Investment & Management Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Apartment Investment & Management Co's annualized ROE % for the quarter that ended in Dec. 2023 was -141.17%. It is also linked to ROA % through Du Pont Formula. Apartment Investment & Management Co's annualized ROA % for the quarter that ended in Dec. 2023 was -27.92%.


Apartment Investment & Management Co Asset Turnover Historical Data

The historical data trend for Apartment Investment & Management Co'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.

Apartment Investment & Management Co Asset Turnover Chart

Apartment Investment & Management Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.11 0.10 0.08 0.08 0.09

Apartment Investment & Management Co Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.02 0.02 0.02 0.02 0.02

Competitive Comparison of Apartment Investment & Management Co's Asset Turnover

For the REIT - Residential subindustry, Apartment Investment & Management Co'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.


Apartment Investment & Management Co's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Apartment Investment & Management Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Apartment Investment & Management Co's Asset Turnover falls into.



Apartment Investment & Management Co Asset Turnover Calculation

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

Apartment Investment & Management Co'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 )
=186.995/( (2181.223+2089.475)/ 2 )
=186.995/2135.349
=0.09

Apartment Investment & Management Co'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 )
=49.352/( (2250.866+2089.475)/ 2 )
=49.352/2170.1705
=0.02

* 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.


Apartment Investment & Management Co  (NYSE:AIV) Asset Turnover Explanation

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

Apartment Investment & Management Co's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-605.996/429.27
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-605.996 / 197.408)*(197.408 / 2170.1705)*(2170.1705/ 429.27)
=Net Margin %*Asset Turnover*Equity Multiplier
=-306.98 %*0.091*5.0555
=ROA %*Equity Multiplier
=-27.92 %*5.0555
=-141.17 %

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:

Apartment Investment & Management Co's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-605.996/2170.1705
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-605.996 / 197.408)*(197.408 / 2170.1705)
=Net Margin %*Asset Turnover
=-306.98 %*0.091
=-27.92 %

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.


Apartment Investment & Management Co Asset Turnover Related Terms

Thank you for viewing the detailed overview of Apartment Investment & Management Co's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Apartment Investment & Management Co (Apartment Investment & Management Co) Business Description

Traded in Other Exchanges
N/A
Address
4582 South Ulster Street, Suite 1450, Denver, CO, USA, 80237
Apartment Investment & Management Co is a self-managed real estate investment trust. It is focused on property development, redevelopment and various other value-creating investment strategies, targeting the U.S multifamily market. Its operating segments are Development and Redevelopment; Operating, and Other. The company generates majority of revenue from operating segment.
Executives
Sherry L Rexroad director 2 BAYBERRY CIRCLE, AMBLER PA 19002
Kellie Dreyer officer: Senior Vice President and CAO 4582 S. ULSTER ST. SUITE 1450, DENVER CO 80237
James Patrick Sullivan director 34 SOUTH PEAK, LAGUNA NIGUEL CA 92677
Jay P Leupp director 16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Michael A Stein director 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Kirk Sykes director C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Robert A. Miller director 6649 WESTWOOD BLVD, SUITE 500, ORLANDO FL 32821
R Dary Stone director 3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Patricia L Gibson director 545 E JOHN CARPENTER FREEWAY, SUITE 1300, IRVING TX 75062
Quincy Allen director 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237
Deborah Smith director 4582 S. ULSTER STREET, SUITE 1450, DENVER CO 80237
Terry Considine director 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Jennifer Johnson officer: EVP CAO and General Counsel 4582 S. ULSTER STREET, STE 1400, DENVER CO 80237
Wesley William Powell director, officer: President and CEO 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Lynn Stanfield officer: EVP and CFO 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237