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Anworth Mortgage Asset (Anworth Mortgage Asset) Asset Turnover : 0.01 (As of Dec. 2020)


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What is Anworth Mortgage Asset Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Anworth Mortgage Asset's Revenue for the three months ended in Dec. 2020 was $28.08 Mil. Anworth Mortgage Asset's Total Assets for the quarter that ended in Dec. 2020 was $2,411.63 Mil. Therefore, Anworth Mortgage Asset's Asset Turnover for the quarter that ended in Dec. 2020 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Anworth Mortgage Asset's annualized ROE % for the quarter that ended in Dec. 2020 was 22.10%. It is also linked to ROA % through Du Pont Formula. Anworth Mortgage Asset's annualized ROA % for the quarter that ended in Dec. 2020 was 3.88%.


Anworth Mortgage Asset Asset Turnover Historical Data

The historical data trend for Anworth Mortgage Asset'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.

Anworth Mortgage Asset Asset Turnover Chart

Anworth Mortgage Asset Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 - -0.01 -0.02

Anworth Mortgage Asset Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -0.04 0.01 0.01 0.01

Competitive Comparison of Anworth Mortgage Asset's Asset Turnover

For the REIT - Mortgage subindustry, Anworth Mortgage Asset'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.


Anworth Mortgage Asset's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Anworth Mortgage Asset's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Anworth Mortgage Asset's Asset Turnover falls into.



Anworth Mortgage Asset Asset Turnover Calculation

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

Anworth Mortgage Asset's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=-89.511/( (4938.631+2384.49)/ 2 )
=-89.511/3661.5605
=-0.02

Anworth Mortgage Asset's Asset Turnover for the quarter that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2020 )/( (Total Assets (Q: Sep. 2020 )+Total Assets (Q: Dec. 2020 ))/ count )
=28.082/( (2438.772+2384.49)/ 2 )
=28.082/2411.631
=0.01

* 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.


Anworth Mortgage Asset  (NYSE:ANHpC.PFD) Asset Turnover Explanation

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

Anworth Mortgage Asset's annulized ROE % for the quarter that ended in Dec. 2020 is

ROE %**(Q: Dec. 2020 )
=Net Income/Total Stockholders Equity
=93.676/423.9415
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(93.676 / 112.328)*(112.328 / 2411.631)*(2411.631/ 423.9415)
=Net Margin %*Asset Turnover*Equity Multiplier
=83.4 %*0.0466*5.6886
=ROA %*Equity Multiplier
=3.88 %*5.6886
=22.10 %

Note: The Net Income data used here is four times the quarterly (Dec. 2020) net income data. The Revenue data used here is four times the quarterly (Dec. 2020) 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:

Anworth Mortgage Asset's annulized ROA % for the quarter that ended in Dec. 2020 is

ROA %(Q: Dec. 2020 )
=Net Income/Total Assets
=93.676/2411.631
=(Net Income / Revenue)*(Revenue / Total Assets)
=(93.676 / 112.328)*(112.328 / 2411.631)
=Net Margin %*Asset Turnover
=83.4 %*0.0466
=3.88 %

Note: The Net Income data used here is four times the quarterly (Dec. 2020) net income data. The Revenue data used here is four times the quarterly (Dec. 2020) 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.


Anworth Mortgage Asset Asset Turnover Related Terms

Thank you for viewing the detailed overview of Anworth Mortgage Asset's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Anworth Mortgage Asset (Anworth Mortgage Asset) Business Description

Traded in Other Exchanges
N/A
Address
1299 Ocean Avenue, Second Floor, Santa Monica, CA, USA, 90401
Anworth Mortgage Asset Corp is engaged in the business of investment, financing, & management of a leveraged portfolio of residential mortgage-backed securities & residential mortgage loans which includes different types of investments such as Agency mortgage-backed securities, Non-agency mortgage-backed securities, & Residential mortgage loans through consolidated securitization trusts. Agency MBS include residential mortgage pass-through certificates or CMOs in which the principal and interest payments are guaranteed by a government-sponsored enterprise. Non-Agency MBS are issued by companies that are not guaranteed by federally sponsored enterprises, and the company finances its residential mortgage loans through asset-backed securities issued by the consolidated securitization trusts.
Executives
Dominique Mielle director C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Mark S Maron director C/O TRUE RELIGION APPAREL, INC., 1525 RIO VISTA AVENUE, LOS ANGELES CA 90023
Anworth Mortgage Asset Corp director 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Joe E Davis director 3436 CARIBETH DR, ENCINO CA 91436
Robert Craig Davis director ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Charles Black director 525 ALMA REAL DRIVE, PACIFIC PALASADES CA 90272
Claus H Lund officer: Chief Executive Officer
Russell J Thompson officer: Chief Financial Officer 500 SANSOME STREET, 8TH FLOOR, SAN FRANCISCO CA 94111
Charles Jay Siegel officer: Senior Vice President 1299 OCEAN AVENUE, SUITE 250, SANTA MONICA CA 90401
Joseph Lloyd Mcadams director, officer: Chairman, President and CEO 1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Heather U Baines officer: Executive Vice President 1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Bistra Pashamova officer: Vice President
Ault Lee A Iii director
Joseph E Mcadams director, officer: Chief Investment Officer, EVP 1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Evangelos Karagiannis officer: Vice President 1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401

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