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Camden Property Trust (Camden Property Trust) Asset Turnover : 0.04 (As of Dec. 2023)


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What is Camden Property Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Camden Property Trust's Revenue for the three months ended in Dec. 2023 was $388 Mil. Camden Property Trust's Total Assets for the quarter that ended in Dec. 2023 was $9,299 Mil. Therefore, Camden Property Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Camden Property Trust's annualized ROE % for the quarter that ended in Dec. 2023 was 18.07%. It is also linked to ROA % through Du Pont Formula. Camden Property Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 9.56%.


Camden Property Trust Asset Turnover Historical Data

The historical data trend for Camden Property Trust'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.

Camden Property Trust Asset Turnover Chart

Camden Property Trust 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 0.16 0.15 0.15 0.16 0.17

Camden Property Trust 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 Camden Property Trust's Asset Turnover

For the REIT - Residential subindustry, Camden Property Trust'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.


Camden Property Trust's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Camden Property Trust's Asset Turnover falls into.



Camden Property Trust Asset Turnover Calculation

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

Camden Property Trust'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 )
=1542.027/( (9327.935+9383.737)/ 2 )
=1542.027/9355.836
=0.16

Camden Property Trust'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 )
=387.587/( (9214.464+9383.737)/ 2 )
=387.587/9299.1005
=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.


Camden Property Trust  (NYSE:CPT) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=889.32/4922.511
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(889.32 / 1550.348)*(1550.348 / 9299.1005)*(9299.1005/ 4922.511)
=Net Margin %*Asset Turnover*Equity Multiplier
=57.36 %*0.1667*1.8891
=ROA %*Equity Multiplier
=9.56 %*1.8891
=18.07 %

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:

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

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=889.32/9299.1005
=(Net Income / Revenue)*(Revenue / Total Assets)
=(889.32 / 1550.348)*(1550.348 / 9299.1005)
=Net Margin %*Asset Turnover
=57.36 %*0.1667
=9.56 %

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.


Camden Property Trust Asset Turnover Related Terms

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


Camden Property Trust (Camden Property Trust) Business Description

Traded in Other Exchanges
Address
11 Greenway Plaza, Suite 2400, Houston, TX, USA, 77046
Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.
Executives
Alexander J. Jessett officer: Senior VP - Finance 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
William W. Sengelmann officer: SVP - Real Estate Investments 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Heather J. Brunner director 3900 N. CAPITAL OF TEXAS HIGHWAY, SUITE 300, AUSTIN TX 78746
Richard J Campo director, officer: Chairman and CEO C/O CAMDEN PROPERTY TRUST, 3 GREENWAY PLAZA STE 1300, HOUSTON TX 77046
Frances Aldrich Sevilla-sacasa director 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Michael P Gallagher officer: Vp & CAO 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Kelvin R Westbrook director MILLENNIUM DIGITAL MEDIA SYSTEMS L.L.C., 16305 SWINGLEY RIDGE ROAD, SUITE 100, ST. LOUIS MO 63017
Javier Benito director STARWOOD HOTELS & RESORTS WORLDWIDE, INC, 1111 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
D Keith Oden director, officer: President and COO C/O CAMDEN PROPERTY TRUST, 3 GREENWAY PLAZA STE 1300, HOUSTON TX 77046
Laurie Baker officer: SVP, Fund & Asset Management 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
H Malcolm Stewart officer: Executive Vice President C/O CAMDEN PROPERTY TRUST, 3 GREENWAY PLAZASTE 1300, HOUSTON TX 77046
Scott S Ingraham director
William F Paulsen director 400 NORTH CHURCH STREET, 213, CHARLOTTE NC 28202
Mark Gibson director C/O HFF, INC., 429 FOURTH AVENUE, SUITE 200, PITTSBURGH PA 15219
William B Mcguire director 1227 SCOTLAND AVE, CHARLOTTE NC 28207