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Chimera Investment (Chimera Investment) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Chimera Investment Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Chimera Investment's Revenue for the three months ended in Dec. 2023 was $48.5 Mil. Chimera Investment's Total Assets for the quarter that ended in Dec. 2023 was $12,908.2 Mil. Therefore, Chimera Investment's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Chimera Investment's annualized ROE % for the quarter that ended in Dec. 2023 was 4.84%. It is also linked to ROA % through Du Pont Formula. Chimera Investment's annualized ROA % for the quarter that ended in Dec. 2023 was 0.95%.


Chimera Investment Asset Turnover Historical Data

The historical data trend for Chimera Investment'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.

Chimera Investment Asset Turnover Chart

Chimera Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.06 -0.03 0.02

Chimera Investment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.01 - - -

Competitive Comparison of Chimera Investment's Asset Turnover

For the REIT - Mortgage subindustry, Chimera Investment'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.


Chimera Investment's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Chimera Investment's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Chimera Investment's Asset Turnover falls into.



Chimera Investment Asset Turnover Calculation

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

Chimera Investment'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 )
=204.768/( (13401.991+12928.998)/ 2 )
=204.768/13165.4945
=0.02

Chimera Investment'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: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=48.494/( (12887.417+12928.998)/ 2 )
=48.494/12908.2075
=0.00

* 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.


Chimera Investment  (NYSE:CIM) Asset Turnover Explanation

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

Chimera Investment's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=122.176/2526.688
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(122.176 / 193.976)*(193.976 / 12908.2075)*(12908.2075/ 2526.688)
=Net Margin %*Asset Turnover*Equity Multiplier
=62.99 %*0.015*5.1087
=ROA %*Equity Multiplier
=0.95 %*5.1087
=4.84 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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:

Chimera Investment's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=122.176/12908.2075
=(Net Income / Revenue)*(Revenue / Total Assets)
=(122.176 / 193.976)*(193.976 / 12908.2075)
=Net Margin %*Asset Turnover
=62.99 %*0.015
=0.95 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (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.


Chimera Investment Asset Turnover Related Terms

Thank you for viewing the detailed overview of Chimera Investment's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Chimera Investment (Chimera Investment) Business Description

Address
630 Fifth Avenue, Suite 2400, New York, NY, USA, 10111
Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. The company generates nearly all of its income from interest payments derived from its investments.
Executives
Miyun Sung officer: Chief Legal Officer 4-75 48TH AVENUE #705, LONG ISLAND CITY NY 11109
Sudhanshu Thakkar officer: Co-Chief Investment Officer 630 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10111
Sandra Bell director C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Subramaniam Viswanathan officer: Chief Financial Officer 103 HARDING AVE, EDISON NJ 08820
Kelley Kortman officer: Principal Accounting Officer 520 MADISON AVE, FL 32, NEW YORK NY 10022
Kevin Gerald Chavers director C/O CHIMERA INVESTMENT CORPORATION, 520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Matthew Lambiase director, officer: Chief Exec. Officer and Pres. 1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036
Kardis Phillip John Ii officer: Chief Legal Officer C/O CHIMERA INVESTMENT CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Choudhary Yarlagadda officer: Chief Operating Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert S Colligan officer: CFO 1211 AVENUE OF THE AMERICAS, STE 2902, NEW YORK NY 10036
Brian Patrick Reilly director 520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Paul Donlin director 1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036
Gerard Creagh director C/O DUFF & PHELPS CORPORATION, 55 EAST 52ND STREET, NEW YORK NY 10055
Mohit Marria officer: Chief Investment Officer 1211 AVENUE OF THE AMERICAS, STE 2902, NEW YORK NY 10036
Debra Still director 520 MADISON AVE, 32ND FL, C/O CHIMERA INVESTMENT CORPORATION, NEW YORK NY 10022

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