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Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Asset Turnover : 0.07 (As of Dec. 2023)


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What is Vinci Shopping Centers Fundo Investimento Imobiliario-FII Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Revenue for the six months ended in Dec. 2023 was R$241.8 Mil. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Total Assets for the quarter that ended in Dec. 2023 was R$3,747.6 Mil. Therefore, Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's annualized ROE % for the quarter that ended in Dec. 2023 was 34.29%. It is also linked to ROA % through Du Pont Formula. Vinci Shopping Centers Fundo Investimento Imobiliario-FII's annualized ROA % for the quarter that ended in Dec. 2023 was 23.53%.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII Asset Turnover Historical Data

The historical data trend for Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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.

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Asset Turnover Chart

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.06 0.04 0.06 0.08 0.07

Vinci Shopping Centers Fundo Investimento Imobiliario-FII Semi-Annual Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover Get a 7-Day Free Trial 0.06 0.04 0.06 0.08 0.07

Competitive Comparison of Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Asset Turnover

For the REIT - Retail subindustry, Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Vinci Shopping Centers Fundo Investimento Imobiliario-FII's Asset Turnover falls into.



Vinci Shopping Centers Fundo Investimento Imobiliario-FII Asset Turnover Calculation

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

Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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 )
=241.805/( (2980.726+4514.426)/ 2 )
=241.805/3747.576
=0.06

Vinci Shopping Centers Fundo Investimento Imobiliario-FII'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: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=241.805/( (2980.726+4514.426)/ 2 )
=241.805/3747.576
=0.06

* 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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII  (BSP:VISC11) Asset Turnover Explanation

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

Vinci Shopping Centers Fundo Investimento Imobiliario-FII's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=881.694/2571.2245
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(881.694 / 483.61)*(483.61 / 3747.576)*(3747.576/ 2571.2245)
=Net Margin %*Asset Turnover*Equity Multiplier
=182.32 %*0.129*1.4575
=ROA %*Equity Multiplier
=23.53 %*1.4575
=34.29 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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:

Vinci Shopping Centers Fundo Investimento Imobiliario-FII's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=881.694/3747.576
=(Net Income / Revenue)*(Revenue / Total Assets)
=(881.694 / 483.61)*(483.61 / 3747.576)
=Net Margin %*Asset Turnover
=182.32 %*0.129
=23.53 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


Vinci Shopping Centers Fundo Investimento Imobiliario-FII Asset Turnover Related Terms

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Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Bartolomeu Mitre, 336, Leblon, Rio de Janeiro, RJ, BRA, 22431-002
Vinci Shopping Centers Fundo Investimento Imobiliario-FII is a real estate investment trust. The company invests in real estate properties of shopping centers and / or related, such as strip malls, outlet centers, among others. The objective of the Fund is to obtain income through the investment of resources, predominantly in real estate, as well as in any real rights over real estate or, even, through indirect investment in real estate through the acquisition of real estate assets.

Vinci Shopping Centers Fundo Investimento Imobiliario-FII (BSP:VISC11) Headlines

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