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Fundo Investimento Imobiliario Votorantim Logistica (BSP:VTLT11) Asset Turnover : 0.21 (As of Dec. 2023)


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What is Fundo Investimento Imobiliario Votorantim Logistica Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Fundo Investimento Imobiliario Votorantim Logistica's Revenue for the six months ended in Dec. 2023 was R$47.70 Mil. Fundo Investimento Imobiliario Votorantim Logistica's Total Assets for the quarter that ended in Dec. 2023 was R$227.62 Mil. Therefore, Fundo Investimento Imobiliario Votorantim Logistica's Asset Turnover for the quarter that ended in Dec. 2023 was 0.21.

Asset Turnover is linked to ROE % through Du Pont Formula. Fundo Investimento Imobiliario Votorantim Logistica's annualized ROE % for the quarter that ended in Dec. 2023 was 41.95%. It is also linked to ROA % through Du Pont Formula. Fundo Investimento Imobiliario Votorantim Logistica's annualized ROA % for the quarter that ended in Dec. 2023 was 41.56%.


Fundo Investimento Imobiliario Votorantim Logistica Asset Turnover Historical Data

The historical data trend for Fundo Investimento Imobiliario Votorantim Logistica'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.

Fundo Investimento Imobiliario Votorantim Logistica Asset Turnover Chart

Fundo Investimento Imobiliario Votorantim Logistica Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.13 0.09 0.10 0.08 0.21

Fundo Investimento Imobiliario Votorantim Logistica Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover Get a 7-Day Free Trial 0.13 0.09 0.10 0.08 0.21

Competitive Comparison of Fundo Investimento Imobiliario Votorantim Logistica's Asset Turnover

For the REIT - Specialty subindustry, Fundo Investimento Imobiliario Votorantim Logistica'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.


Fundo Investimento Imobiliario Votorantim Logistica's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Fundo Investimento Imobiliario Votorantim Logistica's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Fundo Investimento Imobiliario Votorantim Logistica's Asset Turnover falls into.


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Fundo Investimento Imobiliario Votorantim Logistica Asset Turnover Calculation

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

Fundo Investimento Imobiliario Votorantim Logistica'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 )
=47.697/( (215.091+240.152)/ 2 )
=47.697/227.6215
=0.21

Fundo Investimento Imobiliario Votorantim Logistica'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 )
=47.697/( (215.091+240.152)/ 2 )
=47.697/227.6215
=0.21

* 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.


Fundo Investimento Imobiliario Votorantim Logistica  (BSP:VTLT11) Asset Turnover Explanation

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

Fundo Investimento Imobiliario Votorantim Logistica's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=94.608/225.513
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(94.608 / 95.394)*(95.394 / 227.6215)*(227.6215/ 225.513)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.18 %*0.4191*1.0093
=ROA %*Equity Multiplier
=41.56 %*1.0093
=41.95 %

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:

Fundo Investimento Imobiliario Votorantim Logistica's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=94.608/227.6215
=(Net Income / Revenue)*(Revenue / Total Assets)
=(94.608 / 95.394)*(95.394 / 227.6215)
=Net Margin %*Asset Turnover
=99.18 %*0.4191
=41.56 %

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.


Fundo Investimento Imobiliario Votorantim Logistica Asset Turnover Related Terms

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Fundo Investimento Imobiliario Votorantim Logistica Business Description

Traded in Other Exchanges
N/A
Address
Avenida Nacoes Unidas, 14.171, Tower A, 11th Floor, Sao Paulo, SP, BRA, 04794-000
Fundo Investimento Imobiliario Votorantim Logistica is a real estate fund. The objective of the Fund is to provide shareholders with income monthly through the leasing of logistical properties.

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