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Brixmor Property Group (Brixmor Property Group) Asset Turnover : 0.04 (As of Dec. 2023)


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What is Brixmor Property Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Brixmor Property Group's Revenue for the three months ended in Dec. 2023 was $316 Mil. Brixmor Property Group's Total Assets for the quarter that ended in Dec. 2023 was $8,334 Mil. Therefore, Brixmor Property Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Brixmor Property Group's annualized ROE % for the quarter that ended in Dec. 2023 was 10.17%. It is also linked to ROA % through Du Pont Formula. Brixmor Property Group's annualized ROA % for the quarter that ended in Dec. 2023 was 3.49%.


Brixmor Property Group Asset Turnover Historical Data

The historical data trend for Brixmor Property Group'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.

Brixmor Property Group Asset Turnover Chart

Brixmor Property Group 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 0.14 0.13 0.14 0.15 0.15

Brixmor Property Group 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 0.04 0.04 0.04 0.04 0.04

Competitive Comparison of Brixmor Property Group's Asset Turnover

For the REIT - Retail subindustry, Brixmor Property Group'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.


Brixmor Property Group's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Brixmor Property Group's Asset Turnover falls into.



Brixmor Property Group Asset Turnover Calculation

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

Brixmor Property Group'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 )
=1245.036/( (8435.93+8332.716)/ 2 )
=1245.036/8384.323
=0.15

Brixmor Property Group'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 )
=316.485/( (8335.89+8332.716)/ 2 )
=316.485/8334.303
=0.04

* 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.


Brixmor Property Group  (NYSE:BRX) Asset Turnover Explanation

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

Brixmor Property Group's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=290.788/2859.3405
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(290.788 / 1265.94)*(1265.94 / 8334.303)*(8334.303/ 2859.3405)
=Net Margin %*Asset Turnover*Equity Multiplier
=22.97 %*0.1519*2.9148
=ROA %*Equity Multiplier
=3.49 %*2.9148
=10.17 %

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:

Brixmor Property Group's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=290.788/8334.303
=(Net Income / Revenue)*(Revenue / Total Assets)
=(290.788 / 1265.94)*(1265.94 / 8334.303)
=Net Margin %*Asset Turnover
=22.97 %*0.1519
=3.49 %

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.


Brixmor Property Group Asset Turnover Related Terms

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


Brixmor Property Group (Brixmor Property Group) Business Description

Traded in Other Exchanges
Address
450 Lexington Avenue, 13th Floor, New York, NY, USA, 10017
Brixmor Property Group Inc is a real estate investment trust based in the United States. The company owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers across the United States. It leases its rentable areas to retailers, restaurants, theatres, entertainment venues, and fitness centers, with the company's tenants consisting of large department stores, discount retailers, and grocery stores. The company is an internally managed REIT.
Executives
Brian T Finnegan officer: See Remarks C/O BRIXMOR PROPERTY GROUP INC., 420 LEXINGTON AVENUE, NEW YORK NY 10170
Angela M Aman officer: EVP, Chief Financial Officer RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
John Peter Suarez director 450 LEXINGTON AVENUE, NEW YORK NY 10017
Michael B Berman director C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Thomas W Dickson director 301 S TRYON STREET, SUITE 1800, CHARLOTTE NC 28282
Julie Bowerman director C/O BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017
William D. Rahm director C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
John Schreiber director 682 BANK LANE, LAKE FOREST IL 60045
Steven F Siegel officer: See Remarks C/O BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Taylor James M Jr officer: President and CEO 1626 EAST JEFFERSON STREET, ROCKVILLE MD 20852
Carolyn Carter Singh officer: See Remarks C/O BRIXMOR PROPERTY GROUP INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mark Horgan officer: EVP, Chief Investment Officer C/O BRIXMOR PROPERTY GROUP INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Steven T Gallagher officer: Chief Accounting Officer C/O BRIXMOR PROPERTY GROUP, INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sandra Aj Lawrence director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Daniel B Hurwitz director 3300 ENTERPRISES PARKWAY, BEACHWOOD OH 44122