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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. Bluegreen Vacations Holding's Revenue for the three months ended in Sep. 2023 was $235.0 Mil. Bluegreen Vacations Holding's Total Assets for the quarter that ended in Sep. 2023 was $1,532.8 Mil. Therefore, Bluegreen Vacations Holding's Asset Turnover for the quarter that ended in Sep. 2023 was 0.15.
Asset Turnover is linked to ROE % through Du Pont Formula. Bluegreen Vacations Holding's annualized ROE % for the quarter that ended in Sep. 2023 was 39.21%. It is also linked to ROA % through Du Pont Formula. Bluegreen Vacations Holding's annualized ROA % for the quarter that ended in Sep. 2023 was 5.39%.
The historical data trend for Bluegreen Vacations Holding'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.
Bluegreen Vacations Holding Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.39 | 0.37 | 0.29 | 0.55 | 0.63 |
Bluegreen Vacations Holding Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Asset Turnover | Get a 7-Day Free Trial | 0.18 | 0.16 | 0.14 | 0.16 | 0.15 |
For the Resorts & Casinos subindustry, Bluegreen Vacations Holding'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Bluegreen Vacations Holding's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Bluegreen Vacations Holding's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Bluegreen Vacations Holding's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 817.676 | / | ( (1210.512 | + | 1398.385) | / 2 ) |
= | 817.676 | / | 1304.4485 | |||
= | 0.63 |
Bluegreen Vacations Holding's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 234.961 | / | ( (1525.583 | + | 1539.932) | / 2 ) |
= | 234.961 | / | 1532.7575 | |||
= | 0.15 |
* 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.
Bluegreen Vacations Holding (NYSE:BVH) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Bluegreen Vacations Holding's annulized ROE % for the quarter that ended in Sep. 2023 is
ROE %** | (Q: Sep. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 82.628 | / | 210.7065 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (82.628 / 939.844) | * | (939.844 / 1532.7575) | * | (1532.7575/ 210.7065) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 8.79 % | * | 0.6132 | * | 7.2744 |
= | ROA % | * | Equity Multiplier | ||
= | 5.39 % | * | 7.2744 | ||
= | 39.21 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
Bluegreen Vacations Holding's annulized ROA % for the quarter that ended in Sep. 2023 is
ROA % | (Q: Sep. 2023 ) | ||
= | Net Income | / | Total Assets |
= | 82.628 | / | 1532.7575 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (82.628 / 939.844) | * | (939.844 / 1532.7575) |
= | Net Margin % | * | Asset Turnover |
= | 8.79 % | * | 0.6132 |
= | 5.39 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Thank you for viewing the detailed overview of Bluegreen Vacations Holding's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
John E Abdo | director, 10 percent owner, officer: Vice Chairman of the Board | P. O. BOX 39000, FT LAUDERDALE FL 33303 |
Alan B Levan | director, 10 percent owner, officer: Chairman of the Bd/President | P. O. BOX 39000, FT LAUDERDALE FL 33303 |
De La Osa Jorge | officer: EVP, Chief Legal | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Dusty Tonkin | officer: EVP, Chief Sales Officer | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Mark Nerenhausen | director | 1221 MT CURVE AVE, MINNEAPOLIS MN 55403 |
Ahmad M Wardak | officer: EVP, Chief Brand Officer | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Chanse W Rivera | officer: EVP and CIO | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Arnold Sevell | director | 4960 CONFERENCE WAY N, SUITE 100, BOCA RATON FL 33431 |
Allmand James R Iii | director | PO BOX 267068, WESTON FL 33326 |
Orlando Sharpe | director | C/O SHARPE PROJECT DEVELOPMENTS, INC., 1212 S. ANDREWS AVE., STE. 203, FORT LAUDERDALE FL 33316 |
Lawrence A Cirillo | director | 755 SATURN STREET, APT I 104, JUPITER FL 33477 |
Gregory Adam Haile | director | 401 EAST LAS OLAS BLVD SUITE 800, FORT LAUDERDALE FL 33301 |
Cagnetta Andrew R. Jr. | director | 401 EAST LAS OLAS BOULEVARD, SUITE 800, FORT LAUDERDALE FL 33301 |
Brett Sheppard | officer: Chief Accounting Officer | 201 EAST LAS OLAS BOULEVARD, SUITE 1900, FORT LAUDERDALE FL 33301 |
Winningham Charlie C Ii | director | P. O. BOX 39001, FT LAUDERDALE FL 33303 |
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