GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) » Definitions » Asset Turnover

Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Asset Turnover : 0.02 (As of Dec. 2023)


View and export this data going back to 2009. Start your Free Trial

What is Boardwalk Real Estate Investment Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Boardwalk Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was $106.7 Mil. Boardwalk Real Estate Investment Trust's Total Assets for the quarter that ended in Dec. 2023 was $5,859.9 Mil. Therefore, Boardwalk Real Estate Investment Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Boardwalk Real Estate Investment Trust's annualized ROE % for the quarter that ended in Dec. 2023 was 16.88%. It is also linked to ROA % through Du Pont Formula. Boardwalk Real Estate Investment Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 8.81%.


Boardwalk Real Estate Investment Trust Asset Turnover Historical Data

The historical data trend for Boardwalk Real Estate Investment 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.

Boardwalk Real Estate Investment Trust Asset Turnover Chart

Boardwalk Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.08 0.07 0.07 0.07

Boardwalk Real Estate Investment 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 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 0.02 0.02 0.02 0.02

Competitive Comparison of Boardwalk Real Estate Investment Trust's Asset Turnover

For the REIT - Residential subindustry, Boardwalk Real Estate Investment 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.


Boardwalk Real Estate Investment Trust's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Boardwalk Real Estate Investment Trust's Asset Turnover falls into.



Boardwalk Real Estate Investment Trust Asset Turnover Calculation

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

Boardwalk Real Estate Investment 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 )
=406.722/( (5202.264+6068.781)/ 2 )
=406.722/5635.5225
=0.07

Boardwalk Real Estate Investment 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 )
=106.685/( (5651.002+6068.781)/ 2 )
=106.685/5859.8915
=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.


Boardwalk Real Estate Investment Trust  (OTCPK:BOWFF) Asset Turnover Explanation

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

Boardwalk Real Estate Investment Trust's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=516.188/3058.8115
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(516.188 / 426.74)*(426.74 / 5859.8915)*(5859.8915/ 3058.8115)
=Net Margin %*Asset Turnover*Equity Multiplier
=120.96 %*0.0728*1.9157
=ROA %*Equity Multiplier
=8.81 %*1.9157
=16.88 %

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:

Boardwalk Real Estate Investment Trust's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=516.188/5859.8915
=(Net Income / Revenue)*(Revenue / Total Assets)
=(516.188 / 426.74)*(426.74 / 5859.8915)
=Net Margin %*Asset Turnover
=120.96 %*0.0728
=8.81 %

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.


Boardwalk Real Estate Investment Trust Asset Turnover Related Terms

Thank you for viewing the detailed overview of Boardwalk Real Estate Investment Trust's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Business Description

Traded in Other Exchanges
Address
1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1
Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.

Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Headlines

From GuruFocus

BOARDWALK REIT ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

By PRNewswire PRNewswire 11-18-2022