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Trinity Place Holdings (Trinity Place Holdings) Asset Turnover : 0.01 (As of Dec. 2023)


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What is Trinity Place Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Trinity Place Holdings's Revenue for the three months ended in Dec. 2023 was $1.55 Mil. Trinity Place Holdings's Total Assets for the quarter that ended in Dec. 2023 was $267.60 Mil. Therefore, Trinity Place Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Trinity Place Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was 711.99%. It is also linked to ROA % through Du Pont Formula. Trinity Place Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -14.91%.


Trinity Place Holdings Asset Turnover Historical Data

The historical data trend for Trinity Place Holdings'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.

Trinity Place Holdings Asset Turnover Chart

Trinity Place Holdings Annual Data
Trend Feb11 Feb15 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 0.08 0.13 0.12

Trinity Place Holdings 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 0.05 0.02 0.04 0.01

Competitive Comparison of Trinity Place Holdings's Asset Turnover

For the Real Estate - Development subindustry, Trinity Place Holdings'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.


Trinity Place Holdings's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Trinity Place Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Trinity Place Holdings's Asset Turnover falls into.



Trinity Place Holdings Asset Turnover Calculation

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

Trinity Place Holdings'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 )
=33.425/( (306.927+267.508)/ 2 )
=33.425/287.2175
=0.12

Trinity Place Holdings'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 )
=1.546/( (267.695+267.508)/ 2 )
=1.546/267.6015
=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.


Trinity Place Holdings  (AMEX:TPHS) Asset Turnover Explanation

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

Trinity Place Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-39.9/-5.604
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-39.9 / 6.184)*(6.184 / 267.6015)*(267.6015/ -5.604)
=Net Margin %*Asset Turnover*Equity Multiplier
=-645.21 %*0.0231*-47.7519
=ROA %*Equity Multiplier
=-14.91 %*-47.7519
=711.99 %

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:

Trinity Place Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-39.9/267.6015
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-39.9 / 6.184)*(6.184 / 267.6015)
=Net Margin %*Asset Turnover
=-645.21 %*0.0231
=-14.91 %

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.


Trinity Place Holdings Asset Turnover Related Terms

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


Trinity Place Holdings (Trinity Place Holdings) Business Description

Traded in Other Exchanges
N/A
Address
340 Madison Avenue, Suite 3C, New York, NY, USA, 10173
Trinity Place Holdings Inc is a real estate holding, investment, and asset management company. It is primarily engaged into own, investing in, managing, developing or redeveloping real estate assets and real estate-related securities. It also controls a range of intellectual property assets focused on the consumer sector, including its online marketplace at FilenesBasement.com, its rights to the Stanley Blacker brand, and the intellectual property associated with the Running of the Brides event.
Executives
Bartels Patrick J Jr director C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Matthew Messinger, director, officer: President and CEO ONE SYMS WAY, SECAUCUS NJ 07094
Mfp Partners Lp 10 percent owner, other: See remarks below 909 THIRD AVENUE, 33RD FLOOR, New York NY 10022
Alan Cohen director 10 REUTEN DRIVE, CLOSTER NJ 07624
Joanne Minieri director 100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788
Jennifer C. Price 10 percent owner, other: See remarks C/O MFP INVESTORS LLC, 909 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Jeffrey B Citrin director 950 THIRD AVENUE, 17TH FLOOR, NEW YORK NY 10022
Steven Kahn officer: Chief Financial Officer 717 FIFTH AVENUE, SUITE 1303, NEW YORK NY 10022
Keith M Pattiz director C/O MCDERMOTT WILL & EMERY, 340 MADISON AVE, NEW YORK NY 10173-1922
Alexander C Matina director C/O MFP INVESTORS, LLC, 667 MADISON AVE, 25TH FL, NEW YORK NY 10065
Richard Guy Pyontek officer: Chief Accounting Officer 1 SYMS WAY, SECAUCUS NJ 07094
Marcato International Master Fund, Ltd. 10 percent owner C/O OGIER FIDUCIARY SERVICES (CAYMAN)LTD, 89 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9007
Marcato Capital Management Llc 10 percent owner FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111
Marcato Holdings Llc 10 percent owner FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111
Ds Fund I Llc 10 percent owner 7274 FISHER ISLAND DRIVE, MIAMI BEACH FL 33109-0760

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