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Sabra Health Care REIT (Sabra Health Care REIT) Asset Turnover : 0.03 (As of Dec. 2023)


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What is Sabra Health Care REIT Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sabra Health Care REIT's Revenue for the three months ended in Dec. 2023 was $163.4 Mil. Sabra Health Care REIT's Total Assets for the quarter that ended in Dec. 2023 was $5,383.4 Mil. Therefore, Sabra Health Care REIT's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Sabra Health Care REIT's annualized ROE % for the quarter that ended in Dec. 2023 was 2.42%. It is also linked to ROA % through Du Pont Formula. Sabra Health Care REIT's annualized ROA % for the quarter that ended in Dec. 2023 was 1.27%.


Sabra Health Care REIT Asset Turnover Historical Data

The historical data trend for Sabra Health Care REIT'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.

Sabra Health Care REIT Asset Turnover Chart

Sabra Health Care REIT 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 0.10 0.10 0.10 0.11 0.12

Sabra Health Care REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of Sabra Health Care REIT's Asset Turnover

For the REIT - Healthcare Facilities subindustry, Sabra Health Care REIT'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.


Sabra Health Care REIT's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Sabra Health Care REIT's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Sabra Health Care REIT's Asset Turnover falls into.



Sabra Health Care REIT Asset Turnover Calculation

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

Sabra Health Care REIT'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 )
=647.514/( (5747.672+5386.15)/ 2 )
=647.514/5566.911
=0.12

Sabra Health Care REIT'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 )
=163.397/( (5380.562+5386.15)/ 2 )
=163.397/5383.356
=0.03

* 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.


Sabra Health Care REIT  (NAS:SBRA) Asset Turnover Explanation

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

Sabra Health Care REIT's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=68.624/2835.6935
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(68.624 / 653.588)*(653.588 / 5383.356)*(5383.356/ 2835.6935)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.5 %*0.1214*1.8984
=ROA %*Equity Multiplier
=1.27 %*1.8984
=2.42 %

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:

Sabra Health Care REIT's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=68.624/5383.356
=(Net Income / Revenue)*(Revenue / Total Assets)
=(68.624 / 653.588)*(653.588 / 5383.356)
=Net Margin %*Asset Turnover
=10.5 %*0.1214
=1.27 %

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.


Sabra Health Care REIT Asset Turnover Related Terms

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


Sabra Health Care REIT (Sabra Health Care REIT) Business Description

Traded in Other Exchanges
Address
18500 Von Karman Avenue, Suite 550, Irvine, CA, USA, 92612
Sabra Health Care REIT Inc is a healthcare facility real estate investment trust. The company operates one segment that owns and invests in healthcare real estate. All of the company's revenue is generated in the United States. Sabra's operations consist of nursing facilities, assisted living centers, and mental health facilities. The company considers merger and acquisition investment as a component of its operational growth strategy. Sabra works with existing operators to identify strategic development opportunities.
Executives
Michael Lourenco Costa officer: Executive VP & CAO 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Catherine Cusack director 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Andrews Harold W. Jr. officer: Executive VP, CFO & Secretary C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Michael J Foster director 36 GROVE STREET, NEW CANAAN CT 06840
Ann Kono director 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Porter Clifton J Ii director 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Robert A. Ettl director C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Richard K Matros director, officer: CEO and President
Raymond J Lewis director 191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
Lynne S Katzmann director 18500 VON KARMAN AVENUE,SUITE 550, IRVINE CA 92612
Milton J Walters director C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Ronald G Geary director 10140 LINN STATION RD, LOUISVILLE KY 40223-3813
Jeffrey A. Malehorn director 191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
Talya Nevo-hacohen officer: Executive VP, CIO & Treasurer C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Craig A. Barbarosh director 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305