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BA Airport Leasehold REIT (BKK:BAREIT) Asset Turnover : 0.02 (As of Mar. 2024)


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What is BA Airport Leasehold REIT Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. BA Airport Leasehold REIT's Revenue for the three months ended in Mar. 2024 was ฿297 Mil. BA Airport Leasehold REIT's Total Assets for the quarter that ended in Mar. 2024 was ฿14,540 Mil. Therefore, BA Airport Leasehold REIT's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. BA Airport Leasehold REIT's annualized ROE % for the quarter that ended in Mar. 2024 was 8.06%. It is also linked to ROA % through Du Pont Formula. BA Airport Leasehold REIT's annualized ROA % for the quarter that ended in Mar. 2024 was 5.66%.


BA Airport Leasehold REIT Asset Turnover Historical Data

The historical data trend for BA Airport Leasehold REIT'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.

BA Airport Leasehold REIT Asset Turnover Chart

BA Airport Leasehold REIT Annual Data
Trend Dec22 Dec23
Asset Turnover
- 0.08

BA Airport Leasehold REIT Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial 0.02 0.02 0.02 0.02 0.02

Competitive Comparison of BA Airport Leasehold REIT's Asset Turnover

For the REIT - Specialty subindustry, BA Airport Leasehold REIT'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.


BA Airport Leasehold REIT's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BA Airport Leasehold REIT's Asset Turnover distribution charts can be found below:

* The bar in red indicates where BA Airport Leasehold REIT's Asset Turnover falls into.



BA Airport Leasehold REIT Asset Turnover Calculation

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

BA Airport Leasehold REIT'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 )
=1191.084/( (14838.826+14529.708)/ 2 )
=1191.084/14684.267
=0.08

BA Airport Leasehold REIT's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=296.559/( (14529.708+14550.305)/ 2 )
=296.559/14540.0065
=0.02

* 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.


BA Airport Leasehold REIT  (BKK:BAREIT) Asset Turnover Explanation

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

BA Airport Leasehold REIT's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=822.272/10205.7155
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(822.272 / 1186.236)*(1186.236 / 14540.0065)*(14540.0065/ 10205.7155)
=Net Margin %*Asset Turnover*Equity Multiplier
=69.32 %*0.0816*1.4247
=ROA %*Equity Multiplier
=5.66 %*1.4247
=8.06 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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:

BA Airport Leasehold REIT's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=822.272/14540.0065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(822.272 / 1186.236)*(1186.236 / 14540.0065)
=Net Margin %*Asset Turnover
=69.32 %*0.0816
=5.66 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.


BA Airport Leasehold REIT Asset Turnover Related Terms

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BA Airport Leasehold REIT (BKK:BAREIT) Business Description

Traded in Other Exchanges
N/A
Address
99 Moo 14, Vibhavadi-Rangsit Road, Chomphon Sub-district, Chatuchak District, Bangkok, THA
BA Airport Leasehold REIT invests in the leasehold rights over parts of land, buildings and component parts used for the operation of Samui Airport Project for a period of 25 years.

BA Airport Leasehold REIT (BKK:BAREIT) Headlines

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