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CVC Property Fund (ASX:CJT) Asset Turnover : 0.07 (As of Dec. 2014)


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What is CVC Property Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. CVC Property Fund's Revenue for the six months ended in Dec. 2014 was A$2.00 Mil. CVC Property Fund's Total Assets for the quarter that ended in Dec. 2014 was A$28.65 Mil. Therefore, CVC Property Fund's Asset Turnover for the quarter that ended in Dec. 2014 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. CVC Property Fund's annualized ROE % for the quarter that ended in Dec. 2014 was 16.75%. It is also linked to ROA % through Du Pont Formula. CVC Property Fund's annualized ROA % for the quarter that ended in Dec. 2014 was 7.44%.


CVC Property Fund Asset Turnover Historical Data

The historical data trend for CVC Property Fund'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.

CVC Property Fund Asset Turnover Chart

CVC Property Fund Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.10 0.10 0.12 0.13

CVC Property Fund Semi-Annual Data
Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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 0.06 0.06 0.06 0.06 0.07

Competitive Comparison of CVC Property Fund's Asset Turnover

For the Real Estate Services subindustry, CVC Property Fund'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.


CVC Property Fund's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CVC Property Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where CVC Property Fund's Asset Turnover falls into.



CVC Property Fund Asset Turnover Calculation

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

CVC Property Fund's Asset Turnover for the fiscal year that ended in Jun. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2014 )/( (Total Assets (A: Jun. 2013 )+Total Assets (A: Jun. 2014 ))/ count )
=3.857/( (33.185+28.711)/ 2 )
=3.857/30.948
=0.12

CVC Property Fund's Asset Turnover for the quarter that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Dec. 2014 ))/ count )
=2.003/( (28.711+28.597)/ 2 )
=2.003/28.654
=0.07

* 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.


CVC Property Fund  (ASX:CJT) Asset Turnover Explanation

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

CVC Property Fund's annulized ROE % for the quarter that ended in Dec. 2014 is

ROE %**(Q: Dec. 2014 )
=Net Income/Total Stockholders Equity
=2.132/12.7275
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.132 / 4.006)*(4.006 / 28.654)*(28.654/ 12.7275)
=Net Margin %*Asset Turnover*Equity Multiplier
=53.22 %*0.1398*2.2513
=ROA %*Equity Multiplier
=7.44 %*2.2513
=16.75 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) 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:

CVC Property Fund's annulized ROA % for the quarter that ended in Dec. 2014 is

ROA %(Q: Dec. 2014 )
=Net Income/Total Assets
=2.132/28.654
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.132 / 4.006)*(4.006 / 28.654)
=Net Margin %*Asset Turnover
=53.22 %*0.1398
=7.44 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) 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.


CVC Property Fund Asset Turnover Related Terms

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CVC Property Fund (ASX:CJT) Business Description

Traded in Other Exchanges
N/A
Address
CVC Property Fund (CJT, formerly Taragon Property Fund) is a listed registered managed investment scheme domiciled in Australia.

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