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Bridge Investment Group Holdings (Bridge Investment Group Holdings) Asset Turnover : 0.08 (As of Mar. 2024)


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What is Bridge Investment Group Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bridge Investment Group Holdings's Revenue for the three months ended in Mar. 2024 was $102.8 Mil. Bridge Investment Group Holdings's Total Assets for the quarter that ended in Mar. 2024 was $1,256.7 Mil. Therefore, Bridge Investment Group Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Bridge Investment Group Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was 48.01%. It is also linked to ROA % through Du Pont Formula. Bridge Investment Group Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 3.13%.


Bridge Investment Group Holdings Asset Turnover Historical Data

The historical data trend for Bridge Investment Group Holdings'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.

Bridge Investment Group Holdings Asset Turnover Chart

Bridge Investment Group Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
0.90 0.66 0.52 0.41 0.32

Bridge Investment Group Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.07 0.07 0.08 0.07 0.08

Competitive Comparison of Bridge Investment Group Holdings's Asset Turnover

For the Asset Management subindustry, Bridge Investment Group Holdings'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.


Bridge Investment Group Holdings's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bridge Investment Group Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bridge Investment Group Holdings's Asset Turnover falls into.



Bridge Investment Group Holdings Asset Turnover Calculation

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

Bridge Investment Group Holdings'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 )
=390.648/( (1154.835+1288.818)/ 2 )
=390.648/1221.8265
=0.32

Bridge Investment Group Holdings'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 )
=102.79/( (1288.818+1224.551)/ 2 )
=102.79/1256.6845
=0.08

* 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.


Bridge Investment Group Holdings  (NYSE:BRDG) Asset Turnover Explanation

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

Bridge Investment Group Holdings's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=39.272/81.796
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(39.272 / 411.16)*(411.16 / 1256.6845)*(1256.6845/ 81.796)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.55 %*0.3272*15.3636
=ROA %*Equity Multiplier
=3.13 %*15.3636
=48.01 %

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:

Bridge Investment Group Holdings's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=39.272/1256.6845
=(Net Income / Revenue)*(Revenue / Total Assets)
=(39.272 / 411.16)*(411.16 / 1256.6845)
=Net Margin %*Asset Turnover
=9.55 %*0.3272
=3.13 %

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.


Bridge Investment Group Holdings Asset Turnover Related Terms

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Bridge Investment Group Holdings (Bridge Investment Group Holdings) Business Description

Traded in Other Exchanges
Address
111 East Sego Lily Drive, Suite 400, Salt Lake City, UT, USA, 84070
Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies, and agency mortgage-backed securities.
Executives
Garrett Behling officer: Chief Accounting Officer 111 EAST SEGO LILY DRIVE, SUITE 400, SANDY UT 84070
Chad A Leat director C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Katherine Elsnab officer: Chief Accounting Officer C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Deborah C Hopkins director 1007 MARKET ST, WILMINGTON DE 19898
Adam O'farrell director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Robert Randolph Morse director, 10 percent owner, officer: See Remarks 1000 PARK AVENUE, APT 3, NEW YORK NY 10028
Debra M Chase director C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Jonathan Slager director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Bridge Founders Group, Llc 10 percent owner 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Chad D. Briggs officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Dean Allara director, officer: See Remarks C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070

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