GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Annaly Capital Management Inc (NYSE:NLY) » Definitions » Asset Turnover

Annaly Capital Management (Annaly Capital Management) Asset Turnover : -0.00 (As of Dec. 2023)


View and export this data going back to 1997. Start your Free Trial

What is Annaly Capital Management Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Annaly Capital Management's Revenue for the three months ended in Dec. 2023 was $-350.60 Mil. Annaly Capital Management's Total Assets for the quarter that ended in Dec. 2023 was $91,437.83 Mil. Therefore, Annaly Capital Management's Asset Turnover for the quarter that ended in Dec. 2023 was -0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Annaly Capital Management's annualized ROE % for the quarter that ended in Dec. 2023 was -14.80%. It is also linked to ROA % through Du Pont Formula. Annaly Capital Management's annualized ROA % for the quarter that ended in Dec. 2023 was -1.77%.


Annaly Capital Management Asset Turnover Historical Data

The historical data trend for Annaly Capital Management'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.

Annaly Capital Management Asset Turnover Chart

Annaly Capital Management 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 -0.02 -0.01 0.03 0.03 -0.02

Annaly Capital Management Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.01 - -0.01 - 0.01

Competitive Comparison of Annaly Capital Management's Asset Turnover

For the REIT - Mortgage subindustry, Annaly Capital Management'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.


Annaly Capital Management's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Annaly Capital Management's Asset Turnover falls into.



Annaly Capital Management Asset Turnover Calculation

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

Annaly Capital Management'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 )
=-1436.689/( (81850.712+93227.236)/ 2 )
=-1436.689/87538.974
=-0.02

Annaly Capital Management'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 )
=-350.599/( (89648.423+93227.236)/ 2 )
=-350.599/91437.8295
=-0.00

* 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.


Annaly Capital Management  (NYSE:NLY) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-1614.972/10910.1315
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1614.972 / -1402.396)*(-1402.396 / 91437.8295)*(91437.8295/ 10910.1315)
=Net Margin %*Asset Turnover*Equity Multiplier
=115.16 %*-0.0153*8.381
=ROA %*Equity Multiplier
=-1.77 %*8.381
=-14.80 %

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:

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

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-1614.972/91437.8295
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1614.972 / -1402.396)*(-1402.396 / 91437.8295)
=Net Margin %*Asset Turnover
=115.16 %*-0.0153
=-1.77 %

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.


Annaly Capital Management Asset Turnover Related Terms

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


Annaly Capital Management (Annaly Capital Management) Business Description

Address
1211 Avenue of the Americas, New York, NY, USA, 10036
Annaly Capital Management Inc is an American mortgage real estate investment trust. The Company owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights. Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The Company's three investment groups are comprised of the following: Annaly Agency Group, Annaly Residential Credit Group, Annaly Mortgage Servicing Rights Group.
Executives
David L Finkelstein officer: Chief Investment Officer ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Scott Wede director ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Manon Laroche director ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Martin Laguerre director C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Eric A. Reeves director ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Ilker Ertas officer: Head of Securitized Products 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven Francis Campbell officer: Chief Operating Officer C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Thomas Edward Hamilton director 211 STUYVESANT AVE, RYE NY 10580
Anthony C Green officer: Chief Legal Officer ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Timothy P Coffey officer: Chief Credit Officer ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Serena Wolfe officer: Chief Financial Officer ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Glenn Votek director, officer: Interim CEO and President 1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036
John H Schaefer director 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Katherine Beirne Fallon director C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kevin Keyes officer: Managing Director 1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036