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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Clipper Realty's Revenue for the three months ended in Dec. 2024 was $38.0 Mil. Clipper Realty's Total Assets for the quarter that ended in Dec. 2024 was $1,287.0 Mil. Therefore, Clipper Realty's Asset Turnover for the quarter that ended in Dec. 2024 was 0.03.
Asset Turnover is linked to ROE % through Du Pont Formula. Clipper Realty's annualized ROE % for the quarter that ended in Dec. 2024 was 37.18%. It is also linked to ROA % through Du Pont Formula. Clipper Realty's annualized ROA % for the quarter that ended in Dec. 2024 was -0.13%.
The historical data trend for Clipper Realty'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.
Clipper Realty Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial |
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0.10 | 0.10 | 0.11 | 0.11 | 0.12 |
Clipper Realty Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Asset Turnover | Get a 7-Day Free Trial |
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0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
For the REIT - Residential subindustry, Clipper Realty'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.
For the REITs industry and Real Estate sector, Clipper Realty's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Clipper Realty's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Clipper Realty's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2024 ) | / | ( (Total Assets (A: Dec. 2023 ) | + | Total Assets (A: Dec. 2024 )) | / count ) |
= | 148.775 | / | ( (1249.33 | + | 1286.965) | / 2 ) |
= | 148.775 | / | 1268.1475 | |||
= | 0.12 |
Clipper Realty's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Dec. 2024 ) | / | ( (Total Assets (Q: Sep. 2024 ) | + | Total Assets (Q: Dec. 2024 )) | / count ) |
= | 38.047 | / | ( (1287.017 | + | 1286.965) | / 2 ) |
= | 38.047 | / | 1286.991 | |||
= | 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.
Clipper Realty (NYSE:CLPR) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Clipper Realty's annulized ROE % for the quarter that ended in Dec. 2024 is
ROE %** | (Q: Dec. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | -1.672 | / | -4.4965 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (-1.672 / 152.188) | * | (152.188 / 1286.991) | * | (1286.991/ -4.4965) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | -1.1 % | * | 0.1183 | * | -286.2206 |
= | ROA % | * | Equity Multiplier | ||
= | -0.13 % | * | -286.2206 | ||
= | 37.18 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) 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:
Clipper Realty's annulized ROA % for the quarter that ended in Dec. 2024 is
ROA % | (Q: Dec. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -1.672 | / | 1286.991 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-1.672 / 152.188) | * | (152.188 / 1286.991) |
= | Net Margin % | * | Asset Turnover |
= | -1.1 % | * | 0.1183 |
= | -0.13 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) 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.
Thank you for viewing the detailed overview of Clipper Realty's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Howard M Lorber | director | 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137 |
Harmon Spolan | director | OOZEN O CONNOR, 1900 MARKET ST 4TH FL, PHILADELPHIA PA 19103 |
Sam Levinson | director, 10 percent owner | 9190 PRIORITY WAY WEST DRIVE, SUITE 300, INDIANAPOLIS IN 46240 |
David Bistricer | director, 10 percent owner, officer: Co-Chairman and CEO | PO BOX 407, BROOKLIN NY 11219 |
Michael Charles Frenz | officer: Chief Financial Officer | C/O CLIPPER REALTY INC, 4611 12TH AVENUE, SUITE 1L, BROOKLYN NY 11219 |
Roberto Angelo Verrone | director | 200 HIGHLAND AVENUE, SHORT HILLS NJ 07078 |
Robert Jay Ivanhoe | director | GREENBERG TRAURIG, LLP, 200 PARK AVENUE, NEW YORK NY 10166 |
Richard N Burger | director | P.O. BOX 28543, SCOTTSDALE AZ 85255 |
Lawrence E Kreider | officer: Chief Financial Officer | 600 GRANT STREET, SUITE 900, DENVER CO 80203 |
Jacob Bistricer | officer: Chief Operating Officer | 4611 12TH AVENUE, SUITE 1L, BROOKLYN NY 11219 |
Jacob Schwimmer | officer: Chief PM Offcier | 1738 47TH STREET, BROOKLYN NY 11204 |
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