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Federal National Mortgage Association Fannie Mae (Federal National Mortgage Association Fannie Mae) Asset Turnover : 0.00 (As of Dec. 2023)


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What is Federal National Mortgage Association Fannie Mae Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Federal National Mortgage Association Fannie Mae's Revenue for the three months ended in Dec. 2023 was $7,680 Mil. Federal National Mortgage Association Fannie Mae's Total Assets for the quarter that ended in Dec. 2023 was $4,327,409 Mil. Therefore, Federal National Mortgage Association Fannie Mae's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Federal National Mortgage Association Fannie Mae's annualized ROE % for the quarter that ended in Dec. 2023 was 20.83%. It is also linked to ROA % through Du Pont Formula. Federal National Mortgage Association Fannie Mae's annualized ROA % for the quarter that ended in Dec. 2023 was 0.36%.


Federal National Mortgage Association Fannie Mae Asset Turnover Historical Data

The historical data trend for Federal National Mortgage Association Fannie Mae'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.

Federal National Mortgage Association Fannie Mae Asset Turnover Chart

Federal National Mortgage Association Fannie Mae 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 0.01 0.01 0.01 0.01 0.01

Federal National Mortgage Association Fannie Mae 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 - - - - -

Competitive Comparison of Federal National Mortgage Association Fannie Mae's Asset Turnover

For the Mortgage Finance subindustry, Federal National Mortgage Association Fannie Mae'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.


Federal National Mortgage Association Fannie Mae's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Federal National Mortgage Association Fannie Mae's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Federal National Mortgage Association Fannie Mae's Asset Turnover falls into.



Federal National Mortgage Association Fannie Mae Asset Turnover Calculation

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

Federal National Mortgage Association Fannie Mae'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 )
=30299/( (4305288+4325437)/ 2 )
=30299/4315362.5
=0.01

Federal National Mortgage Association Fannie Mae'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 )
=7680/( (4329380+4325437)/ 2 )
=7680/4327408.5
=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.


Federal National Mortgage Association Fannie Mae  (OTCPK:FNMA) Asset Turnover Explanation

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

Federal National Mortgage Association Fannie Mae's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=15772/75703.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(15772 / 30720)*(30720 / 4327408.5)*(4327408.5/ 75703.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=51.34 %*0.0071*57.1626
=ROA %*Equity Multiplier
=0.36 %*57.1626
=20.83 %

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:

Federal National Mortgage Association Fannie Mae's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=15772/4327408.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(15772 / 30720)*(30720 / 4327408.5)
=Net Margin %*Asset Turnover
=51.34 %*0.0071
=0.36 %

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.


Federal National Mortgage Association Fannie Mae Asset Turnover Related Terms

Thank you for viewing the detailed overview of Federal National Mortgage Association Fannie Mae's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Federal National Mortgage Association Fannie Mae (Federal National Mortgage Association Fannie Mae) Business Description

Address
1100 15th Street, NW, Midtown Center, Washington, DC, USA, 20005
Federal National Mortgage Association Fannie Mae is a source of financing for mortgages in the United States. The company has two segments. The Single-Family business operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units. The Multifamily business operates in the secondary mortgage market relating mainly to multifamily mortgage loans, which are secured by properties containing five or more residential units. The majority of the revenue is derived from the Single-Family segment.
Executives
Chetlur S Ragavan director 230 PARK AVENUE, NEW YORK NY 10169
Ramon Richards officer: EVP & CIO C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael A. Seelig director C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Priscilla Almodovar director, officer: CEO 45 WEST 10TH STREET, NEW YORK NY 10011
Anthony Moon officer: EVP & CRO C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Andrew M Brammer officer: VP & Interim CRO C/O FANNIE MAE, 110015TH STREET, NW, WASHINGTON DC 20005
James L Holmberg officer: SVP & Controller C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Evans H. Malloy Iii officer: EVP-Single-family C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Christopher J Brummer director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Johnson Simon H R director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Michele M Evans officer: EVP--Multifamily C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Stergios Theologides officer: EVP, GC & Corporate Secretary CORELOGIC, INC., 40 PACIFICA, SUITE 900, IRVINE CA 92618
Karin Kimbrough director C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Stephen H Mcelhennon officer: interim GC C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005