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Invesco Mortgage Capital (Invesco Mortgage Capital) Asset Turnover

: 0.01 (As of Dec. 2023)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Invesco Mortgage Capital's Revenue for the three months ended in Dec. 2023 was $32.06 Mil. Invesco Mortgage Capital's Total Assets for the quarter that ended in Dec. 2023 was $5,557.78 Mil. Therefore, Invesco Mortgage Capital's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Invesco Mortgage Capital's annualized ROE % for the quarter that ended in Dec. 2023 was 13.88%. It is also linked to ROA % through Du Pont Formula. Invesco Mortgage Capital's annualized ROA % for the quarter that ended in Dec. 2023 was 1.96%.


Invesco Mortgage Capital Asset Turnover Historical Data

The historical data trend for Invesco Mortgage Capital'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.

Invesco Mortgage Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 -0.11 -0.01 -0.06 -

Invesco Mortgage Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 - -0.01 0.01

Competitive Comparison

For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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.


Invesco Mortgage Capital Asset Turnover Distribution

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

* The bar in red indicates where Invesco Mortgage Capital's Asset Turnover falls into.



Invesco Mortgage Capital Asset Turnover Calculation

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

Invesco Mortgage Capital'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 )
=4.192/( (5097.395+5284.209)/ 2 )
=4.192/5190.802
=0.00

Invesco Mortgage Capital'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 )
=32.062/( (5831.343+5284.209)/ 2 )
=32.062/5557.776
=0.01

* 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.


Invesco Mortgage Capital  (NYSE:IVR) Asset Turnover Explanation

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

Invesco Mortgage Capital's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=108.796/783.845
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(108.796 / 128.248)*(128.248 / 5557.776)*(5557.776/ 783.845)
=Net Margin %*Asset Turnover*Equity Multiplier
=84.83 %*0.0231*7.0904
=ROA %*Equity Multiplier
=1.96 %*7.0904
=13.88 %

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:

Invesco Mortgage Capital's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=108.796/5557.776
=(Net Income / Revenue)*(Revenue / Total Assets)
=(108.796 / 128.248)*(128.248 / 5557.776)
=Net Margin %*Asset Turnover
=84.83 %*0.0231
=1.96 %

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.


Invesco Mortgage Capital Asset Turnover Related Terms

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


Invesco Mortgage Capital (Invesco Mortgage Capital) Business Description

Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association, or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; Commercial mortgage-backed securities (CMBS) that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; and other real estate-related financing arrangements.
Executives
Carolyn L Gibbs director 1331 SPRING ST. NW, SUITE 2500, ATLANTA GA 30309
Katharine Kelley director 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Lientz James R Jr director GEORGIA POSER CO BIN 10240, 241 RALPH MCGILL BLVD, ATLANTA GA 30308
John Anzalone officer: Chief Investment Officer INVESCO LTD., 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Kevin M Collins officer: Executive Vice President 1555 PEACHTREE STREET NE, SUITE 1800, ATLANTA GA 30309
Phegley Richard Lee Jr. officer: Chief Financial Officer 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Don H Liu director 1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403
Beth Zayicek director 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
David B Lyle officer: Executive Vice President 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
John Day director 1520 OLD TROLLEY ROAD, SUMMERVILLE SC 29485
Dennis P Lockhart director 100 GOLF ROAD, GOLF IL 60029
Brian Norris officer: Interim CIO 1555 PEACHTREE STREET, NE, SUITE 1800, ATLANTA GA 30309
Edward J Hardin director 5430 LBJ FREEWAY, SUIT 1700, DALLAS TX 75240
Mario Clemente other: Officer of Manager 1555 PEACHTREE STREET, NE, SUITE 1800, ATLANTA GA 30309
Loren M Starr director