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Avrupakent Gayrimenkul Yatirim Ortakligi (IST:AVPGY) Asset Turnover : 0.04 (As of Sep. 2023)


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What is Avrupakent Gayrimenkul Yatirim Ortakligi Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Avrupakent Gayrimenkul Yatirim Ortakligi's Revenue for the three months ended in Sep. 2023 was ₺529 Mil. Avrupakent Gayrimenkul Yatirim Ortakligi's Total Assets for the quarter that ended in Sep. 2023 was ₺14,849 Mil. Therefore, Avrupakent Gayrimenkul Yatirim Ortakligi's Asset Turnover for the quarter that ended in Sep. 2023 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Avrupakent Gayrimenkul Yatirim Ortakligi's annualized ROE % for the quarter that ended in Sep. 2023 was 12.42%. It is also linked to ROA % through Du Pont Formula. Avrupakent Gayrimenkul Yatirim Ortakligi's annualized ROA % for the quarter that ended in Sep. 2023 was 9.97%.


Avrupakent Gayrimenkul Yatirim Ortakligi Asset Turnover Historical Data

The historical data trend for Avrupakent Gayrimenkul Yatirim Ortakligi'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.

Avrupakent Gayrimenkul Yatirim Ortakligi Asset Turnover Chart

Avrupakent Gayrimenkul Yatirim Ortakligi Annual Data
Trend Dec20 Dec21 Dec22
Asset Turnover
0.49 0.06 0.32

Avrupakent Gayrimenkul Yatirim Ortakligi Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
Asset Turnover Get a 7-Day Free Trial - - 0.12 - 0.04

Competitive Comparison of Avrupakent Gayrimenkul Yatirim Ortakligi's Asset Turnover

For the Real Estate - Diversified subindustry, Avrupakent Gayrimenkul Yatirim Ortakligi'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.


Avrupakent Gayrimenkul Yatirim Ortakligi's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Avrupakent Gayrimenkul Yatirim Ortakligi's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Avrupakent Gayrimenkul Yatirim Ortakligi's Asset Turnover falls into.



Avrupakent Gayrimenkul Yatirim Ortakligi Asset Turnover Calculation

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

Avrupakent Gayrimenkul Yatirim Ortakligi's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=2442.258/( (3565.924+11550.469)/ 2 )
=2442.258/7558.1965
=0.32

Avrupakent Gayrimenkul Yatirim Ortakligi's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=529.385/( (13960.105+15737.141)/ 2 )
=529.385/14848.623
=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.


Avrupakent Gayrimenkul Yatirim Ortakligi  (IST:AVPGY) Asset Turnover Explanation

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

Avrupakent Gayrimenkul Yatirim Ortakligi's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=1480.392/11915.413
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1480.392 / 2117.54)*(2117.54 / 14848.623)*(14848.623/ 11915.413)
=Net Margin %*Asset Turnover*Equity Multiplier
=69.91 %*0.1426*1.2462
=ROA %*Equity Multiplier
=9.97 %*1.2462
=12.42 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

Avrupakent Gayrimenkul Yatirim Ortakligi's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=1480.392/14848.623
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1480.392 / 2117.54)*(2117.54 / 14848.623)
=Net Margin %*Asset Turnover
=69.91 %*0.1426
=9.97 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Avrupakent Gayrimenkul Yatirim Ortakligi Asset Turnover Related Terms

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Avrupakent Gayrimenkul Yatirim Ortakligi (IST:AVPGY) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Atakoy 7-8-9-10, Kisim Mah C. Cesme E-5, Yanyol Cad.N.8/2/7, Bakirkoy, Istanbul, TUR
Avrupakent Gayrimenkul Yatirim Ortakligi is a company that has business activities in the fields of real estate development, rental and management. It contains valuable portfolios of the country with its shopping malls, residences and other real estate. It also develops projects and rents or sells operating real estate.

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