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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. CIM Real Estate Finance Trust's Revenue for the three months ended in Sep. 2024 was $121.4 Mil. CIM Real Estate Finance Trust's Total Assets for the quarter that ended in Sep. 2024 was $5,637.9 Mil. Therefore, CIM Real Estate Finance Trust's Asset Turnover for the quarter that ended in Sep. 2024 was 0.02.
Asset Turnover is linked to ROE % through Du Pont Formula. CIM Real Estate Finance Trust's annualized ROE % for the quarter that ended in Sep. 2024 was 1.57%. It is also linked to ROA % through Du Pont Formula. CIM Real Estate Finance Trust's annualized ROA % for the quarter that ended in Sep. 2024 was 0.52%.
The historical data trend for CIM Real Estate Finance Trust'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.
CIM Real Estate Finance Trust Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial |
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0.10 | 0.07 | 0.06 | 0.06 | 0.08 |
CIM Real Estate Finance Trust Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Asset Turnover | Get a 7-Day Free Trial |
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0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
For the REIT - Retail subindustry, CIM Real Estate Finance Trust'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, CIM Real Estate Finance Trust's Asset Turnover distribution charts can be found below:
* The bar in red indicates where CIM Real Estate Finance Trust's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
CIM Real Estate Finance Trust'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 ) |
= | 568.859 | / | ( (7132.054 | + | 6446.476) | / 2 ) |
= | 568.859 | / | 6789.265 | |||
= | 0.08 |
CIM Real Estate Finance Trust's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Sep. 2024 ) | / | ( (Total Assets (Q: Jun. 2024 ) | + | Total Assets (Q: Sep. 2024 )) | / count ) |
= | 121.358 | / | ( (5909.93 | + | 5365.847) | / 2 ) |
= | 121.358 | / | 5637.8885 | |||
= | 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.
CIM Real Estate Finance Trust (OTCPK:CMRF) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
CIM Real Estate Finance Trust's annulized ROE % for the quarter that ended in Sep. 2024 is
ROE %** | (Q: Sep. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 29.248 | / | 1858.486 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (29.248 / 485.432) | * | (485.432 / 5637.8885) | * | (5637.8885/ 1858.486) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 6.03 % | * | 0.0861 | * | 3.0336 |
= | ROA % | * | Equity Multiplier | ||
= | 0.52 % | * | 3.0336 | ||
= | 1.57 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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:
CIM Real Estate Finance Trust's annulized ROA % for the quarter that ended in Sep. 2024 is
ROA % | (Q: Sep. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 29.248 | / | 5637.8885 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (29.248 / 485.432) | * | (485.432 / 5637.8885) |
= | Net Margin % | * | Asset Turnover |
= | 6.03 % | * | 0.0861 |
= | 0.52 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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 CIM Real Estate Finance Trust's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason K Schreiber | director | 263 NINTH AVENUE APARTMENT 9B, NEW YORK NY 10001 |
Krol Emily Vande | director | 30003 N. 68TH STREET, SCOTTSDALE AZ 85266 |
Roger Snell | director | 2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016 |
Stephen O Evans | director | 5825 EAST STARLIGHT WAY, PARADISE VALLEY AZ 85253 |
Gary Robert A Iv | director | 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705 |
Calvin E Hollis | director | 2325 E. CAMELBACK ROAD, 10TH FLOOR, PHOENIX AZ 85016 |
Marcus E Bromley | director | |
Howard A Silver | director | 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120 |
Elaine Y Wong | director | 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010 |
Avraham Shemesh | director | C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028 |
W Brian Kretzmer | director | 26110 ENTERPRISE WAY, STE 200, LAKE FOREST CA 92630 |
Richard S Ressler | director, officer: CEO & President | C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028 |
Smith Jeffrey Randall Jr | officer: See Remarks | COLE CAPITAL, 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016 |
Nathan David Debacker | officer: See Remarks | 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016 |
Glenn J Rufrano | director | C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036 |
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