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American Assets Trust (American Assets Trust) Asset Turnover

: 0.04 (As of Dec. 2023)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. American Assets Trust's Revenue for the three months ended in Dec. 2023 was $112.5 Mil. American Assets Trust's Total Assets for the quarter that ended in Dec. 2023 was $2,997.7 Mil. Therefore, American Assets Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. American Assets Trust's annualized ROE % for the quarter that ended in Dec. 2023 was 4.48%. It is also linked to ROA % through Du Pont Formula. American Assets Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 1.80%.


American Assets Trust Asset Turnover Historical Data

The historical data trend for American Assets Trust'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.

American Assets Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.12 0.13 0.14 0.15

American Assets Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.04 0.04 0.04

Competitive Comparison

For the REIT - Diversified subindustry, American Assets Trust'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.


American Assets Trust Asset Turnover Distribution

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

* The bar in red indicates where American Assets Trust's Asset Turnover falls into.



American Assets Trust Asset Turnover Calculation

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

American Assets Trust'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 )
=441.164/( (2987.881+2984.681)/ 2 )
=441.164/2986.281
=0.15

American Assets Trust'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 )
=112.491/( (3010.719+2984.681)/ 2 )
=112.491/2997.7
=0.04

* 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.


American Assets Trust  (NYSE:AAT) Asset Turnover Explanation

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

American Assets Trust's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=53.968/1203.577
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(53.968 / 449.964)*(449.964 / 2997.7)*(2997.7/ 1203.577)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.99 %*0.1501*2.4907
=ROA %*Equity Multiplier
=1.80 %*2.4907
=4.48 %

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:

American Assets Trust's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=53.968/2997.7
=(Net Income / Revenue)*(Revenue / Total Assets)
=(53.968 / 449.964)*(449.964 / 2997.7)
=Net Margin %*Asset Turnover
=11.99 %*0.1501
=1.80 %

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.


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.


American Assets Trust Asset Turnover Related Terms

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American Assets Trust (American Assets Trust) Business Description

Traded in Other Exchanges
N/A
Address
3420 Carmel Mountain Road, Suite 100, San Diego, CA, USA, 92121
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
Executives
Ernest S Rady director, 10 percent owner, officer: Executive Chairman 23 PASTEUR ROAD, C/O WESTCORP, IRVINE CA 92618
Nina A Tran director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Adam Wyll officer: Senior VP, Gen Counsel and Sec 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Robert F. Barton officer: Executive Vice President & CFO 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Joy L. Schaefer director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Duane Nelles director 23 PASTEUR ROAD, IRVINE CA 92618
Jerry Gammieri officer: V. P. Construction and Devlp 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Patrick Kinney officer: Senior VP of Real Estate Ops 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
John W. Chamberlain director, officer: CEO and President 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
American Assets Inc 10 percent owner 3430 CARMEL MOUNTAIN ROAD, SUITE 150, SAN DIEGO CA 92121
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Larry E Finger director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Thomas S Olinger director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Robert S Sullivan director P O BOX 1637, HOUSTON TX 77251
Lange Edward F Jr director 405 PARK AVENUE, NEW YORK NY 10022

American Assets Trust (American Assets Trust) Headlines