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First Potomac Realty Trust (First Potomac Realty Trust) Asset Turnover : 0.03 (As of Jun. 2017)


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What is First Potomac Realty Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. First Potomac Realty Trust's Revenue for the three months ended in Jun. 2017 was $35.4 Mil. First Potomac Realty Trust's Total Assets for the quarter that ended in Jun. 2017 was $1,202.2 Mil. Therefore, First Potomac Realty Trust's Asset Turnover for the quarter that ended in Jun. 2017 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. First Potomac Realty Trust's annualized ROE % for the quarter that ended in Jun. 2017 was -2.29%. It is also linked to ROA % through Du Pont Formula. First Potomac Realty Trust's annualized ROA % for the quarter that ended in Jun. 2017 was -0.90%.


First Potomac Realty Trust Asset Turnover Historical Data

The historical data trend for First Potomac Realty 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.

* Premium members only.

First Potomac Realty Trust Asset Turnover Chart

First Potomac Realty Trust Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.09 0.10 0.11 0.12

First Potomac Realty Trust Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 First Potomac Realty Trust's Asset Turnover

For the REIT - Office subindustry, First Potomac Realty 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.


First Potomac Realty Trust's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, First Potomac Realty Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where First Potomac Realty Trust's Asset Turnover falls into.



First Potomac Realty Trust Asset Turnover Calculation

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

First Potomac Realty Trust's Asset Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2016 )/( (Total Assets (A: Dec. 2015 )+Total Assets (A: Dec. 2016 ))/ count )
=160.334/( (1442.406+1260.247)/ 2 )
=160.334/1351.3265
=0.12

First Potomac Realty Trust's Asset Turnover for the quarter that ended in Jun. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2017 )/( (Total Assets (Q: Mar. 2017 )+Total Assets (Q: Jun. 2017 ))/ count )
=35.388/( (1203.997+1200.494)/ 2 )
=35.388/1202.2455
=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.


First Potomac Realty Trust  (NYSE:FPO) Asset Turnover Explanation

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

First Potomac Realty Trust's annulized ROE % for the quarter that ended in Jun. 2017 is

ROE %**(Q: Jun. 2017 )
=Net Income/Total Stockholders Equity
=-10.82/472.843
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-10.82 / 141.552)*(141.552 / 1202.2455)*(1202.2455/ 472.843)
=Net Margin %*Asset Turnover*Equity Multiplier
=-7.64 %*0.1177*2.5426
=ROA %*Equity Multiplier
=-0.90 %*2.5426
=-2.29 %

Note: The Net Income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) 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:

First Potomac Realty Trust's annulized ROA % for the quarter that ended in Jun. 2017 is

ROA %(Q: Jun. 2017 )
=Net Income/Total Assets
=-10.82/1202.2455
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-10.82 / 141.552)*(141.552 / 1202.2455)
=Net Margin %*Asset Turnover
=-7.64 %*0.1177
=-0.90 %

Note: The Net Income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) 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.


First Potomac Realty Trust Asset Turnover Related Terms

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First Potomac Realty Trust (First Potomac Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
First Potomac Realty Trust is a real estate investment trust engaged in the ownership, management, and development of commercial properties in the greater Washington D.C. area. The company's real estate portfolio is primarily composed of a mix of single-tenant and multi-tenant office properties and business parks. These assets are fairly evenly distributed between the Washington D.C., Maryland, Northern Virginia, and Southern Virginia regions in terms of square footage. First Potomac derives the vast majority of its revenue in the form of rental income from tenants. Most of this revenue comes from its properties located in Maryland and Northern Virginia. The company's largest tenants are U.S. government entities and government contractors.
Executives
Andrew P Blocher officer: EVP, CFO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Thomas E Robinson other: Trustee 309 GARRISON FOREST ROAD, OWNINGS MILLS MD 21117
Terry L Stevens other: Trustee 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael H Comer officer: SVP, CAO FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Robert H Arnold other: Trustee 129 E.69TH ST., NEW YORK NY 10021
Robert Milkovich officer: President, CEO and COO 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Samantha Sacks Gallagher officer: EVP and General Counsel C/O VICI PROPERTIES INC., 535 MADISON AVE 20TH FL, NEW YORK NY 10022
Kati M. Penney other: Trustee C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVE, 11TH FLOOR, BETHESDA MD 20814
James P Hoffmann other: Trustee FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Alan G Merten other: Trustee 11020 POPES HEAD ROAD, FAIRFAX VA 22030
Richard B Chess other: Trustee 3821 DARBY DR, MIDLOTHIAN VA 23113
Douglas J Donatelli officer: CEO C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Nicholas R Smith officer: EVP, CIO C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVE, 11TH FLOOR, BETHESDA MD 20814
R Michael Mccullough other: Trustee 8270 GREENSBORO DR STE 950, MCLEAN VA 22102
Heller J Roderick Iii other: Trustee C/O FIRST POTOMAC REALTY TRUST, 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814

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