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Merito Cemiterios Fii Fundo De Investimento Imobiliario (BSP:MCEM11) Asset Turnover : 0.00 (As of Dec. 2022)


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What is Merito Cemiterios Fii Fundo De Investimento Imobiliario Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Merito Cemiterios Fii Fundo De Investimento Imobiliario's Revenue for the three months ended in Dec. 2022 was R$ Mil. Merito Cemiterios Fii Fundo De Investimento Imobiliario's Total Assets for the quarter that ended in Dec. 2022 was R$ Mil. Therefore, Merito Cemiterios Fii Fundo De Investimento Imobiliario's Asset Turnover for the quarter that ended in Dec. 2022 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Merito Cemiterios Fii Fundo De Investimento Imobiliario's annualized ROE % for the quarter that ended in Dec. 2022 was %. It is also linked to ROA % through Du Pont Formula. Merito Cemiterios Fii Fundo De Investimento Imobiliario's annualized ROA % for the quarter that ended in Dec. 2022 was %.


Merito Cemiterios Fii Fundo De Investimento Imobiliario Asset Turnover Historical Data

The historical data trend for Merito Cemiterios Fii Fundo De Investimento Imobiliario'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.

Merito Cemiterios Fii Fundo De Investimento Imobiliario Asset Turnover Chart

Merito Cemiterios Fii Fundo De Investimento Imobiliario Annual Data
Trend Dec22 Dec23
Asset Turnover
-0.01 -0.04

Merito Cemiterios Fii Fundo De Investimento Imobiliario Quarterly Data
Dec22 Dec23
Asset Turnover - -

Competitive Comparison of Merito Cemiterios Fii Fundo De Investimento Imobiliario's Asset Turnover

For the REIT - Specialty subindustry, Merito Cemiterios Fii Fundo De Investimento Imobiliario'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.


Merito Cemiterios Fii Fundo De Investimento Imobiliario's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Merito Cemiterios Fii Fundo De Investimento Imobiliario's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Merito Cemiterios Fii Fundo De Investimento Imobiliario's Asset Turnover falls into.



Merito Cemiterios Fii Fundo De Investimento Imobiliario Asset Turnover Calculation

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

Merito Cemiterios Fii Fundo De Investimento Imobiliario'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 )
=-3.405/( (94.781+95.319)/ 2 )
=-3.405/95.05
=-0.04

Merito Cemiterios Fii Fundo De Investimento Imobiliario's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: . 20 )+Total Assets (Q: Dec. 2022 ))/ count )
=/( (+)/ )
=/
=

* 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.


Merito Cemiterios Fii Fundo De Investimento Imobiliario  (BSP:MCEM11) Asset Turnover Explanation

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

Merito Cemiterios Fii Fundo De Investimento Imobiliario's annulized ROE % for the quarter that ended in Dec. 2022 is

ROE %**(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=/
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=( / )*( / )*(/ )
=Net Margin %*Asset Turnover*Equity Multiplier
= %**
=ROA %*Equity Multiplier
= %*
= %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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:

Merito Cemiterios Fii Fundo De Investimento Imobiliario's annulized ROA % for the quarter that ended in Dec. 2022 is

ROA %(Q: Dec. 2022 )
=Net Income/Total Assets
=/
=(Net Income / Revenue)*(Revenue / Total Assets)
=( / )*( / )
=Net Margin %*Asset Turnover
= %*
= %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.


Merito Cemiterios Fii Fundo De Investimento Imobiliario Asset Turnover Related Terms

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Merito Cemiterios Fii Fundo De Investimento Imobiliario (BSP:MCEM11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Rua Funchal, 418, 21st floor, Vila Olímpia CEP, Sao Paulo, SP, BRA, 04551-060
Merito Cemiterios Fii Fundo De Investimento Imobiliario is a closed condominium fund, with an indefinite duration. The Fund's purpose is to make long-term real estate investments through the acquisition of the following assets: (i) any real rights over real estate; (ii) real rights over real estate, shares, debentures, subscription bonuses, their coupons, rights, subscription receipts and split certificates, securities deposit certificates, debenture notes, investment fund shares, promissory notes, and any other securities, as long as the issuers registered with the CVM and whose activities are permitted for real estate investment funds.

Merito Cemiterios Fii Fundo De Investimento Imobiliario (BSP:MCEM11) Headlines

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