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Washington Prime Group (Washington Prime Group) Asset Turnover : 0.03 (As of Jun. 2021)


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What is Washington Prime Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Washington Prime Group's Revenue for the three months ended in Jun. 2021 was $138.40 Mil. Washington Prime Group's Total Assets for the quarter that ended in Jun. 2021 was $4,030.20 Mil. Therefore, Washington Prime Group's Asset Turnover for the quarter that ended in Jun. 2021 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Washington Prime Group's annualized ROE % for the quarter that ended in Jun. 2021 was -81.92%. It is also linked to ROA % through Du Pont Formula. Washington Prime Group's annualized ROA % for the quarter that ended in Jun. 2021 was -10.12%.


Washington Prime Group Asset Turnover Historical Data

The historical data trend for Washington Prime Group'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.

Washington Prime Group Asset Turnover Chart

Washington Prime Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.16 0.16 0.16 0.15 0.13

Washington Prime Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.03 0.04 0.03 0.03

Competitive Comparison of Washington Prime Group's Asset Turnover

For the REIT - Retail subindustry, Washington Prime Group'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.


Washington Prime Group's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Washington Prime Group's Asset Turnover falls into.



Washington Prime Group Asset Turnover Calculation

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

Washington Prime Group's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=524.418/( (4250.979+4105.347)/ 2 )
=524.418/4178.163
=0.13

Washington Prime Group's Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=138.397/( (4028.916+4031.493)/ 2 )
=138.397/4030.2045
=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.


Washington Prime Group  (OTCPK:WPGIQ.PFD) Asset Turnover Explanation

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

Washington Prime Group's annulized ROE % for the quarter that ended in Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=-408.04/498.074
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-408.04 / 553.588)*(553.588 / 4030.2045)*(4030.2045/ 498.074)
=Net Margin %*Asset Turnover*Equity Multiplier
=-73.71 %*0.1374*8.0916
=ROA %*Equity Multiplier
=-10.12 %*8.0916
=-81.92 %

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

Washington Prime Group's annulized ROA % for the quarter that ended in Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=-408.04/4030.2045
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-408.04 / 553.588)*(553.588 / 4030.2045)
=Net Margin %*Asset Turnover
=-73.71 %*0.1374
=-10.12 %

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


Washington Prime Group Asset Turnover Related Terms

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


Washington Prime Group (Washington Prime Group) Business Description

Traded in Other Exchanges
N/A
Address
180 East Broad Street, Columbus, OH, USA, 43215
Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.
Executives
Stephan Gerber officer: Senior VP, Property Mgmt. C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Joshua Lindimore officer: Senior VP, Head of Leasing C/O WASHINGTON PRIME GROUP, 180 EAST BROAD STREET, COLUMBUS OH 43215
Armand Mastropietro officer: Exec VP, Property Management C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Paul S Ajdaharian officer: Exec VP, Head of Open Air Ctrs C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory E Zimmerman officer: Exec VP, Development 909 WALNUT, SUITE 200, KANSAS CITY MO 64106
J. Taggart Birge director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Von Blucher Sheryl G. director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John F Levy director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John J Dillon director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory A Gorospe officer: EVP, General Counsel,Secretary 180 EAST BROAD STREET, COLUMBUS OH 43215
Farinaz S Tehrani officer: EVP, Legal & Compliance 180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher director, officer: Vice Chairman and CEO C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Mark Edward Yale officer: EVP, CFO C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Melissa A. Indest officer: CAO and SVP,Finance C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Niles C Overly director 180 EAST BROAD STREET, COLUMBUS OH 43215

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