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Monmouth Real Estate Investment (Monmouth Real Estate Investment) Asset Turnover : 0.02 (As of Dec. 2021)


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What is Monmouth Real Estate Investment Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Monmouth Real Estate Investment's Revenue for the three months ended in Dec. 2021 was $48.5 Mil. Monmouth Real Estate Investment's Total Assets for the quarter that ended in Dec. 2021 was $2,223.6 Mil. Therefore, Monmouth Real Estate Investment's Asset Turnover for the quarter that ended in Dec. 2021 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Monmouth Real Estate Investment's annualized ROE % for the quarter that ended in Dec. 2021 was 7.27%. It is also linked to ROA % through Du Pont Formula. Monmouth Real Estate Investment's annualized ROA % for the quarter that ended in Dec. 2021 was 3.57%.


Monmouth Real Estate Investment Asset Turnover Historical Data

The historical data trend for Monmouth Real Estate Investment'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.

Monmouth Real Estate Investment Asset Turnover Chart

Monmouth Real Estate Investment Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.09 0.09 0.09 0.09

Monmouth Real Estate Investment Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 0.02 0.02 0.02 0.02 0.02

Competitive Comparison of Monmouth Real Estate Investment's Asset Turnover

For the REIT - Industrial subindustry, Monmouth Real Estate Investment'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.


Monmouth Real Estate Investment's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Monmouth Real Estate Investment's Asset Turnover falls into.



Monmouth Real Estate Investment Asset Turnover Calculation

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

Monmouth Real Estate Investment's Asset Turnover for the fiscal year that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2021 )/( (Total Assets (A: Sep. 2020 )+Total Assets (A: Sep. 2021 ))/ count )
=183.133/( (1939.783+2215.883)/ 2 )
=183.133/2077.833
=0.09

Monmouth Real Estate Investment's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2021 )/( (Total Assets (Q: Sep. 2021 )+Total Assets (Q: Dec. 2021 ))/ count )
=48.474/( (2215.883+2231.33)/ 2 )
=48.474/2223.6065
=0.02

* 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.


Monmouth Real Estate Investment  (NYSE:MNR) Asset Turnover Explanation

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

Monmouth Real Estate Investment's annulized ROE % for the quarter that ended in Dec. 2021 is

ROE %**(Q: Dec. 2021 )
=Net Income/Total Stockholders Equity
=79.332/1091.753
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(79.332 / 193.896)*(193.896 / 2223.6065)*(2223.6065/ 1091.753)
=Net Margin %*Asset Turnover*Equity Multiplier
=40.91 %*0.0872*2.0367
=ROA %*Equity Multiplier
=3.57 %*2.0367
=7.27 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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:

Monmouth Real Estate Investment's annulized ROA % for the quarter that ended in Dec. 2021 is

ROA %(Q: Dec. 2021 )
=Net Income/Total Assets
=79.332/2223.6065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(79.332 / 193.896)*(193.896 / 2223.6065)
=Net Margin %*Asset Turnover
=40.91 %*0.0872
=3.57 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) net income data. The Revenue data used here is four times the quarterly (Dec. 2021) 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.


Monmouth Real Estate Investment Asset Turnover Related Terms

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


Monmouth Real Estate Investment (Monmouth Real Estate Investment) Business Description

Traded in Other Exchanges
N/A
Address
101 Crawfords Corner Road, Suite 1405, Holmdel, NJ, USA, 07733
Monmouth Real Estate Investment Corp is engaged in the ownership and management of industrial buildings subject to long-term net leases, mainly to investment grade tenants. The company's primary business is the ownership of real estate. Its investment focus is to own well-located, modern, single tenant, industrial buildings, leased primarily to investment-grade tenants.
Executives
Katie Traks officer: Controller 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Michael P Landy director, officer: President and CEO 3499 ROUTE 9 N STE 3-C, FREEHOLD NJ 07728
Kevin S. Miller director, officer: Chief Financial Officer 65 SANDPIPER DRIVE MANALAPAN NJ 07726
Samuel A Landy director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Matthew I Hirsch director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Eugene W Landy director, officer: Chairman of the Board 3499 ROUTE 9 NORTH SUITE 3C, FREEHOLD NJ 07728
Neal Herstik director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Daniel D Cronheim director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Scott L Robinson director 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Catherine B. Elflein director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Brian Haimm director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Gregory Thomas Otto director 3499 ROUTE 9 NORTH SUITE 3D FREEHOLD NJ 07728
Kiernan Conway director 3499 RT. 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Sonal Pande director 101 CRAWFORDS CORNER ROAD SUITE 1405 HOLMDEL NJ 07733
Michael D Prashad officer: General Counsel 101 CRAWFORDS CORNER ROAD HOLMDEL NJ 07733