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Lendlease Group (ASX:LLC) Asset Turnover : 0.28 (As of Dec. 2024)


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What is Lendlease 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. Lendlease Group's Revenue for the six months ended in Dec. 2024 was A$4,464 Mil. Lendlease Group's Total Assets for the quarter that ended in Dec. 2024 was A$16,161 Mil. Therefore, Lendlease Group's Asset Turnover for the quarter that ended in Dec. 2024 was 0.28.

Asset Turnover is linked to ROE % through Du Pont Formula. Lendlease Group's annualized ROE % for the quarter that ended in Dec. 2024 was 1.95%. It is also linked to ROA % through Du Pont Formula. Lendlease Group's annualized ROA % for the quarter that ended in Dec. 2024 was 0.59%.


Lendlease Group Asset Turnover Historical Data

The historical data trend for Lendlease 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.

Lendlease Group Asset Turnover Chart

Lendlease Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.56 0.52 0.58 0.53

Lendlease Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.30 0.29 0.27 0.25 0.28

Competitive Comparison of Lendlease Group's Asset Turnover

For the Real Estate - Diversified subindustry, Lendlease 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.


Lendlease Group's Asset Turnover Distribution in the Real Estate Industry

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

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


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Lendlease Group Asset Turnover Calculation

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

Lendlease Group's Asset Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=9218/( (18214+16772)/ 2 )
=9218/17493
=0.53

Lendlease Group's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=4464/( (16772+15550)/ 2 )
=4464/16161
=0.28

* 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.


Lendlease Group  (ASX:LLC) Asset Turnover Explanation

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

Lendlease Group's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=96/4925
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(96 / 8928)*(8928 / 16161)*(16161/ 4925)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.08 %*0.5524*3.2814
=ROA %*Equity Multiplier
=0.59 %*3.2814
=1.95 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 2024) 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:

Lendlease Group's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=96/16161
=(Net Income / Revenue)*(Revenue / Total Assets)
=(96 / 8928)*(8928 / 16161)
=Net Margin %*Asset Turnover
=1.08 %*0.5524
=0.59 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 2024) 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.


Lendlease Group Asset Turnover Related Terms

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Lendlease Group Business Description

Traded in Other Exchanges
Address
300 Barangaroo Avenue, Level 14, Tower Three, International Towers Sydney, Exchange Place, Barangaroo, Sydney, NSW, AUS, 2000
Lendlease has three segments: investments, development, and construction. Lendlease operates locally and overseas across all three segments. However, in the future, its development and construction businesses will be solely in Australia, while the investment management platform will maintain exposure to international real estate assets. Historically, the investments segment contributed about one-third of group EBITDA, development around half, and construction the remaining. The group is targeting an earnings mix between investments/development/construction of 50%/35%/15% post the current restructure, shifting more weights to the defensive and higher margin investments segment. Sales proceeds from asset divestments will primarily be used to repay debt and buy back securities.

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