IRSA Propiedades Comerciales (BUE:IRCP) Asset Turnover: 0.02 (As of Sep. 2021)


BUE:IRCP IRSA Propiedades Comerciales SA BUE:IRCP
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Price ARS128.90
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What is IRSA Propiedades Comerciales Asset Turnover?

IRSA Propiedades Comerciales BUE:IRCP 5 Asset Turnover is 0.02 as of Sep. 2021. GuruFocus rates BUE:IRCP with a GF Score™ of 5/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. IRSA Propiedades Comerciales's Revenue for the three months ended in Sep. 2021 was ARS3,878 Mil. IRSA Propiedades Comerciales's Total Assets for the quarter that ended in Sep. 2021 was ARS182,081 Mil. Therefore, IRSA Propiedades Comerciales's Asset Turnover for the quarter that ended in Sep. 2021 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. IRSA Propiedades Comerciales's annualized ROE % for the quarter that ended in Sep. 2021 was -9.12%. It is also linked to ROA % through Du Pont Formula. IRSA Propiedades Comerciales's annualized ROA % for the quarter that ended in Sep. 2021 was -3.75%.


IRSA Propiedades Comerciales  (BUE:IRCP) Asset Turnover Explanation

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

IRSA Propiedades Comerciales's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=-6836/74973
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-6836 / 15512)*(15512 / 182081)*(182081/ 74973)
=Net Margin %*Asset Turnover*Equity Multiplier
=-44.07 %*0.0852*2.4286
=ROA %*Equity Multiplier
=-3.75 %*2.4286
=-9.12 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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:

IRSA Propiedades Comerciales's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=-6836/182081
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-6836 / 15512)*(15512 / 182081)
=Net Margin %*Asset Turnover
=-44.07 %*0.0852
=-3.75 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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.


IRSA Propiedades Comerciales Asset Turnover Related Terms


IRSA Propiedades Comerciales Asset Turnover Historical Data

* Premium members only.

The historical data trend for IRSA Propiedades Comerciales'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.

IRSA Propiedades Comerciales Asset Turnover Chart

IRSA Propiedades Comerciales Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.21 0.20 0.11 0.06

IRSA Propiedades Comerciales Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 0.01 0.02 0.02 0.02 0.02

BUE:IRCP vs TCI, QK, NEN: Asset Turnover Comparison

For the Real Estate Services subindustry, IRSA Propiedades Comerciales'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.


IRSA Propiedades Comerciales Asset Turnover vs Real Estate Industry

For the Real Estate industry and Real Estate sector, IRSA Propiedades Comerciales's Asset Turnover distribution charts can be found below:

* The bar in red indicates where IRSA Propiedades Comerciales's Asset Turnover falls into.


BUE:IRCP
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IRSA Propiedades Comerciales SA BUE:IRCP
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IRSA Propiedades Comerciales Asset Turnover Calculation

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

IRSA Propiedades Comerciales's Asset Turnover for the fiscal year that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2021 )/( (Total Assets (A: Jun. 2020 )+Total Assets (A: Jun. 2021 ))/ count )
=11003/( (217042+177404)/ 2 )
=11003/197223
=0.06

IRSA Propiedades Comerciales's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=3878/( (177404+186758)/ 2 )
=3878/182081
=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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.02 mean?
IRSA Propiedades Comerciales (BUE:IRCP) has a Asset Turnover of 0.02 as of Sep. 2021. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on IRSA Propiedades Comerciales and its competitors.
Is IRSA Propiedades Comerciales' Asset Turnover too high?
IRSA Propiedades Comerciales' current Asset Turnover is 0.02. Overall, IRSA Propiedades Comerciales has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does IRSA Propiedades Comerciales' Asset Turnover compare to TCI and QK?
IRSA Propiedades Comerciales' Asset Turnover of 0.02 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Real Estate company?
A good Asset Turnover depends on the Real Estate industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on IRSA Propiedades Comerciales and its competitors. IRSA Propiedades Comerciales's current Asset Turnover is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRSA Propiedades Comerciales stock overvalued right now?
IRSA Propiedades Comerciales (BUE:IRCP) has a current Asset Turnover of 0.02. The current Asset Turnover is 0.02. IRSA Propiedades Comerciales' overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For IRSA Propiedades Comerciales (BUE:IRCP), the current Asset Turnover is 0.02 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

IRSA Propiedades Comerciales Business Description

Address Moreno 877, 22nd Floor, Ciudad Autonoma de Buenos Aires, Buenos Aires, ARG, C1091AAQ
IRSA Propiedades Comerciales SA is engaged in the ownership, lease, management, development, operation, and purchase of shopping centers. Its primarily owns, purchases, develops, leases, manages and operates shopping centers. Its business segments include Shopping Malls, Offices, Sales and Developments, and Others. The Shopping Malls segment is a key revenue driver, is engaged in the operation and development of shopping malls. Offices and Others segment consists of leasing of properties and other rental properties and services related to them. Its Sales and Development segment covers sales of undeveloped parcels of land and properties and activities relating to property maintenance.
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS128.90
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