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Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Asset Turnover : 0.01 (As of Dec. 2023)


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What is Apollo Commercial Real Estate Finance Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Apollo Commercial Real Estate Finance's Revenue for the three months ended in Dec. 2023 was $83.5 Mil. Apollo Commercial Real Estate Finance's Total Assets for the quarter that ended in Dec. 2023 was $9,226.9 Mil. Therefore, Apollo Commercial Real Estate Finance's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Apollo Commercial Real Estate Finance's annualized ROE % for the quarter that ended in Dec. 2023 was 8.42%. It is also linked to ROA % through Du Pont Formula. Apollo Commercial Real Estate Finance's annualized ROA % for the quarter that ended in Dec. 2023 was 2.02%.


Apollo Commercial Real Estate Finance Asset Turnover Historical Data

The historical data trend for Apollo Commercial Real Estate Finance'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.

Apollo Commercial Real Estate Finance Asset Turnover Chart

Apollo Commercial Real Estate Finance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.03 0.04 0.04 0.03

Apollo Commercial Real Estate Finance Quarterly Data
Mar19 Jun19 Sep19 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 Premium Member Only Premium Member Only 0.01 0.01 - 0.01 0.01

Competitive Comparison of Apollo Commercial Real Estate Finance's Asset Turnover

For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.


Apollo Commercial Real Estate Finance's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Apollo Commercial Real Estate Finance's Asset Turnover falls into.



Apollo Commercial Real Estate Finance Asset Turnover Calculation

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

Apollo Commercial Real Estate Finance'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 )
=266.007/( (9568.352+9296.73)/ 2 )
=266.007/9432.541
=0.03

Apollo Commercial Real Estate Finance'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 )
=83.493/( (9156.978+9296.73)/ 2 )
=83.493/9226.854
=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.


Apollo Commercial Real Estate Finance  (NYSE:ARI) Asset Turnover Explanation

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

Apollo Commercial Real Estate Finance's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=186.16/2210.2575
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(186.16 / 333.972)*(333.972 / 9226.854)*(9226.854/ 2210.2575)
=Net Margin %*Asset Turnover*Equity Multiplier
=55.74 %*0.0362*4.1746
=ROA %*Equity Multiplier
=2.02 %*4.1746
=8.42 %

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:

Apollo Commercial Real Estate Finance's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=186.16/9226.854
=(Net Income / Revenue)*(Revenue / Total Assets)
=(186.16 / 333.972)*(333.972 / 9226.854)
=Net Margin %*Asset Turnover
=55.74 %*0.0362
=2.02 %

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.


Apollo Commercial Real Estate Finance Asset Turnover Related Terms

Thank you for viewing the detailed overview of Apollo Commercial Real Estate Finance's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Business Description

Traded in Other Exchanges
Address
c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
Executives
Stuart Rothstein officer: CFO, Treasurer and Secretary 2180 SAND HILL RD, STE 200, MENLO PARK CA 94025
Mark C Biderman director NATIONAL FINANCIAL PARTNERS CORP, 340 MADISON AVENUE, 19TH FL, NEW YORK NY 10173
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Robert A Kasdin director 239 CENTRAL PARK WEST, APT 3A, NEW YORK NY 10024
Anastasia G. Mironova officer: CFO, Secretary & Treasurer 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Whonder Carmencita N.m. director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Eric Press director 1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019
Jai Agarwal officer: CFO, Treasurer and Secretary 601 LEXINGTON AVE, 26TH FLOOR, NEW YORK NY 10022
Katherine G. Newman director C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Michael Salvati director
Brenna Haysom Romando director 36 BLOOMS CORNERS ROAD, WARWICK NY 10990
Jeffrey M Gault director MORGANS HOTEL GROUP CO., 475 TENTH AVENUE, NEW YORK NY 10018
Scott Prince director 9 W 57TH STREET, NEW YORK NY 10019
Investment Authority Qatar 10 percent owner P.O. BOX 23224, DOHA S3 QATAR
Cindy Z Michel director C/O APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019