GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CBL & Associates Properties Inc (Old) (OTCPK:CBLDQ.PFD) » Definitions » Asset Turnover

CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Asset Turnover : 0.03 (As of Jun. 2021)


View and export this data going back to 2004. Start your Free Trial

What is CBL & Associates Properties (Old) Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. CBL & Associates Properties (Old)'s Revenue for the three months ended in Jun. 2021 was $136.56 Mil. CBL & Associates Properties (Old)'s Total Assets for the quarter that ended in Jun. 2021 was $4,272.20 Mil. Therefore, CBL & Associates Properties (Old)'s Asset Turnover for the quarter that ended in Jun. 2021 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. CBL & Associates Properties (Old)'s annualized ROE % for the quarter that ended in Jun. 2021 was -7.09%. It is also linked to ROA % through Du Pont Formula. CBL & Associates Properties (Old)'s annualized ROA % for the quarter that ended in Jun. 2021 was -0.83%.


CBL & Associates Properties (Old) Asset Turnover Historical Data

The historical data trend for CBL & Associates Properties (Old)'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.

CBL & Associates Properties (Old) Asset Turnover Chart

CBL & Associates Properties (Old) Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.16 0.16 0.15 0.13

CBL & Associates Properties (Old) Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of CBL & Associates Properties (Old)'s Asset Turnover

For the REIT - Retail subindustry, CBL & Associates Properties (Old)'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.


CBL & Associates Properties (Old)'s Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CBL & Associates Properties (Old)'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where CBL & Associates Properties (Old)'s Asset Turnover falls into.



CBL & Associates Properties (Old) Asset Turnover Calculation

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

CBL & Associates Properties (Old)'s Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=575.861/( (4622.346+4443.74)/ 2 )
=575.861/4533.043
=0.13

CBL & Associates Properties (Old)'s Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=136.561/( (4280.187+4264.207)/ 2 )
=136.561/4272.197
=0.03

* 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.


CBL & Associates Properties (Old)  (OTCPK:CBLDQ.PFD) Asset Turnover Explanation

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

CBL & Associates Properties (Old)'s annulized ROE % for the quarter that ended in Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=-35.528/501.182
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-35.528 / 546.244)*(546.244 / 4272.197)*(4272.197/ 501.182)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.5 %*0.1279*8.5242
=ROA %*Equity Multiplier
=-0.83 %*8.5242
=-7.09 %

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

CBL & Associates Properties (Old)'s annulized ROA % for the quarter that ended in Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=-35.528/4272.197
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-35.528 / 546.244)*(546.244 / 4272.197)
=Net Margin %*Asset Turnover
=-6.5 %*0.1279
=-0.83 %

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


CBL & Associates Properties (Old) Asset Turnover Related Terms

Thank you for viewing the detailed overview of CBL & Associates Properties (Old)'s Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Business Description

Traded in Other Exchanges
N/A
Address
2030 Hamilton Place Boulevard, CBL Center, Suite 500, Chattanooga, TN, USA, 37421
CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in managing, acquiring, and leasing residential and commercial properties. Its portfolio of properties spans 24 states, mostly in the Southeastern and Midwestern regions of the United States. CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.