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Saul Centers (Saul Centers) Asset Turnover : 0.03 (As of Dec. 2023)


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What is Saul Centers Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Saul Centers's Revenue for the three months ended in Dec. 2023 was $66.7 Mil. Saul Centers's Total Assets for the quarter that ended in Dec. 2023 was $1,977.5 Mil. Therefore, Saul Centers's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Saul Centers's annualized ROE % for the quarter that ended in Dec. 2023 was 14.24%. It is also linked to ROA % through Du Pont Formula. Saul Centers's annualized ROA % for the quarter that ended in Dec. 2023 was 2.67%.


Saul Centers Asset Turnover Historical Data

The historical data trend for Saul Centers'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.

Saul Centers Asset Turnover Chart

Saul Centers 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 0.15 0.14 0.14 0.14 0.13

Saul Centers 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 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of Saul Centers's Asset Turnover

For the REIT - Retail subindustry, Saul Centers'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.


Saul Centers's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Saul Centers's Asset Turnover falls into.



Saul Centers Asset Turnover Calculation

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

Saul Centers'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 )
=257.207/( (1833.302+1994.137)/ 2 )
=257.207/1913.7195
=0.13

Saul Centers'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 )
=66.683/( (1960.923+1994.137)/ 2 )
=66.683/1977.53
=0.03

* 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.


Saul Centers  (NYSE:BFS) Asset Turnover Explanation

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

Saul Centers's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=52.824/371.028
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(52.824 / 266.732)*(266.732 / 1977.53)*(1977.53/ 371.028)
=Net Margin %*Asset Turnover*Equity Multiplier
=19.8 %*0.1349*5.3299
=ROA %*Equity Multiplier
=2.67 %*5.3299
=14.24 %

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:

Saul Centers's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=52.824/1977.53
=(Net Income / Revenue)*(Revenue / Total Assets)
=(52.824 / 266.732)*(266.732 / 1977.53)
=Net Margin %*Asset Turnover
=19.8 %*0.1349
=2.67 %

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.


Saul Centers Asset Turnover Related Terms

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


Saul Centers (Saul Centers) Business Description

Traded in Other Exchanges
Address
7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.
Executives
Saul B Francis Ii director, 10 percent owner, officer: Chief Executive Officer 8401 CONNECTICUT AVE, CHEVY CHASE MD 20815
Carlos Lawrence Heard officer: Senior Vice President & CFO 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
David Todd Pearson officer: Executive V.P.-Real Estate 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20895
Patricia Saul Lotuff director 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
John E Chapoton director BROWN INVESTMENT ADVISORY INCORPORATED, 1717 H STREET, NW, FIFTH FLOOR, WASHINGTON DC 20006
H. Gregory Platts director 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
Clancy George Patrick Jr director 1100 H ST NW, WASHINGTON DC 20080
Philip D Caraci director
James Page Lansdale officer: Exec. VP - Real Estate 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Joel Albert Friedman officer: Sr. V.P./Chief Acctng Officer 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Mark Iii Sullivan director 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
John F Collich officer: Sr. VP-Acquisitions & Dev.
Lori Godby officer: Senior Vice Pres.-Residential 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Judith K. Garland officer: SVP, Office and Retail 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Willoughby B. Laycock director, officer: VP-Residential Development 7501 WISCONSIN AVE., SUITE 1400, BETHESDA MD 20814

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