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Origen Financial (Origen Financial) Asset Turnover : 0.01 (As of Dec. 2008)


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What is Origen Financial Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Origen Financial's Revenue for the three months ended in Dec. 2008 was $10.45 Mil. Origen Financial's Total Assets for the quarter that ended in Dec. 2008 was $980.57 Mil. Therefore, Origen Financial's Asset Turnover for the quarter that ended in Dec. 2008 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Origen Financial's annualized ROE % for the quarter that ended in Dec. 2008 was -17.90%. It is also linked to ROA % through Du Pont Formula. Origen Financial's annualized ROA % for the quarter that ended in Dec. 2008 was -1.81%.


Origen Financial Asset Turnover Historical Data

The historical data trend for Origen Financial'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.

Origen Financial Asset Turnover Chart

Origen Financial Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.07 0.06 0.05 0.05 0.01

Origen Financial Quarterly Data
Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08
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 0.01 0.01

Competitive Comparison of Origen Financial's Asset Turnover

For the REIT - Mortgage subindustry, Origen Financial'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.


Origen Financial's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Origen Financial's Asset Turnover falls into.



Origen Financial Asset Turnover Calculation

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

Origen Financial's Asset Turnover for the fiscal year that ended in Dec. 2008 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2008 )/( (Total Assets (A: Dec. 2007 )+Total Assets (A: Dec. 2008 ))/ count )
=6.616/( (1284.201+965.533)/ 2 )
=6.616/1124.867
=0.01

Origen Financial's Asset Turnover for the quarter that ended in Dec. 2008 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2008 )/( (Total Assets (Q: Sep. 2008 )+Total Assets (Q: Dec. 2008 ))/ count )
=10.452/( (995.613+965.533)/ 2 )
=10.452/980.573
=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.


Origen Financial  (OTCPK:ORGN) Asset Turnover Explanation

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

Origen Financial's annulized ROE % for the quarter that ended in Dec. 2008 is

ROE %**(Q: Dec. 2008 )
=Net Income/Total Stockholders Equity
=-17.7/98.859
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-17.7 / 41.808)*(41.808 / 980.573)*(980.573/ 98.859)
=Net Margin %*Asset Turnover*Equity Multiplier
=-42.34 %*0.0426*9.9189
=ROA %*Equity Multiplier
=-1.81 %*9.9189
=-17.90 %

Note: The Net Income data used here is four times the quarterly (Dec. 2008) net income data. The Revenue data used here is four times the quarterly (Dec. 2008) 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:

Origen Financial's annulized ROA % for the quarter that ended in Dec. 2008 is

ROA %(Q: Dec. 2008 )
=Net Income/Total Assets
=-17.7/980.573
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-17.7 / 41.808)*(41.808 / 980.573)
=Net Margin %*Asset Turnover
=-42.34 %*0.0426
=-1.81 %

Note: The Net Income data used here is four times the quarterly (Dec. 2008) net income data. The Revenue data used here is four times the quarterly (Dec. 2008) 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.


Origen Financial Asset Turnover Related Terms

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


Origen Financial (Origen Financial) Business Description

Traded in Other Exchanges
N/A
Address
27777 Franklin Road, Suite 1700, Southfield, MI, USA, 48034
Origen Financial Inc is an internally-managed and internally-advised Delaware corporation that is taxed as a real estate investment trust. It is a national consumer manufactured housing lender and servicer.

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