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Caplease, (FRA:DBJ) Asset Turnover : 0.03 (As of Jun. 2013)


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What is Caplease, Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Caplease,'s Revenue for the three months ended in Jun. 2013 was €34.2 Mil. Caplease,'s Total Assets for the quarter that ended in Jun. 2013 was €1,379.3 Mil. Therefore, Caplease,'s Asset Turnover for the quarter that ended in Jun. 2013 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Caplease,'s annualized ROE % for the quarter that ended in Jun. 2013 was 0.35%. It is also linked to ROA % through Du Pont Formula. Caplease,'s annualized ROA % for the quarter that ended in Jun. 2013 was 0.10%.


Caplease, Asset Turnover Historical Data

The historical data trend for Caplease,'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.

Caplease, Asset Turnover Chart

Caplease, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.09 0.09 0.09 0.10

Caplease, Quarterly Data
Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
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 0.02 0.03 0.03

Competitive Comparison of Caplease,'s Asset Turnover

For the REIT - Office subindustry, Caplease,'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.


Caplease,'s Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Caplease,'s Asset Turnover falls into.



Caplease, Asset Turnover Calculation

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

Caplease,'s Asset Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2012 )/( (Total Assets (A: Dec. 2011 )+Total Assets (A: Dec. 2012 ))/ count )
=123.476/( (1247.633+1333.838)/ 2 )
=123.476/1290.7355
=0.10

Caplease,'s Asset Turnover for the quarter that ended in Jun. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2013 )/( (Total Assets (Q: Mar. 2013 )+Total Assets (Q: Jun. 2013 ))/ count )
=34.206/( (1377.446+1381.091)/ 2 )
=34.206/1379.2685
=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.


Caplease,  (FRA:DBJ) Asset Turnover Explanation

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

Caplease,'s annulized ROE % for the quarter that ended in Jun. 2013 is

ROE %**(Q: Jun. 2013 )
=Net Income/Total Stockholders Equity
=1.416/408.685
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.416 / 136.824)*(136.824 / 1379.2685)*(1379.2685/ 408.685)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.03 %*0.0992*3.3749
=ROA %*Equity Multiplier
=0.10 %*3.3749
=0.35 %

Note: The Net Income data used here is four times the quarterly (Jun. 2013) net income data. The Revenue data used here is four times the quarterly (Jun. 2013) 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:

Caplease,'s annulized ROA % for the quarter that ended in Jun. 2013 is

ROA %(Q: Jun. 2013 )
=Net Income/Total Assets
=1.416/1379.2685
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.416 / 136.824)*(136.824 / 1379.2685)
=Net Margin %*Asset Turnover
=1.03 %*0.0992
=0.10 %

Note: The Net Income data used here is four times the quarterly (Jun. 2013) net income data. The Revenue data used here is four times the quarterly (Jun. 2013) 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.


Caplease, Asset Turnover Related Terms

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Caplease, (FRA:DBJ) Business Description

Traded in Other Exchanges
N/A
Address
CapLease, Inc. was incorporated in Maryland. The Company completed its initial public offering in March 2004. It is a real estate investment trust, or REIT, that invests mainly in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants. It focuses on properties that are subject to a net lease, or a lease that requires the tenant to pay all or substantially all expenses normally associated with the ownership of the property, such as utilities, real estate taxes, insurance and routine maintenance. The Company also has made and expects to continue to make investments in single tenant properties where the owner has exposure to property expenses when it determines it could sufficiently underwrite that exposure and isolate a predictable cash flow. The Company has two complimentary business lines: owning single tenant properties and making first mortgage loans and other debt investments on single tenant properties. It conducts its business through a number of subsidiaries. The Company owns most of its owned properties through its predecessor and operating partnership, Caplease, LP (the 'Operating Partnership'). It is the indirect sole general partner of, and owns approximately 99.6% of the common equity of, the Operating Partnership. The Company is subject to competition in each of its business segments. It competes with specialty finance companies, insurance companies, commercial banks, investment banks, savings and loan associations, mortgage bankers, mutual funds, institutional investors, pension funds, hedge funds, other lenders, governmental bodies and individuals and other entities, including REITs.

Caplease, (FRA:DBJ) Headlines

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