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FTAI Aviation (FTAI Aviation) Asset Turnover : 0.11 (As of Dec. 2023)


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What is FTAI Aviation Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. FTAI Aviation's Revenue for the three months ended in Dec. 2023 was $313 Mil. FTAI Aviation's Total Assets for the quarter that ended in Dec. 2023 was $2,799 Mil. Therefore, FTAI Aviation's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. FTAI Aviation's annualized ROE % for the quarter that ended in Dec. 2023 was 350.86%. It is also linked to ROA % through Du Pont Formula. FTAI Aviation's annualized ROA % for the quarter that ended in Dec. 2023 was 16.91%.


FTAI Aviation Asset Turnover Historical Data

The historical data trend for FTAI Aviation'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.

FTAI Aviation Asset Turnover Chart

FTAI Aviation 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 0.20 0.09 0.08 0.19 0.43

FTAI Aviation 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 0.12 0.12 0.11 0.11 0.11

Competitive Comparison of FTAI Aviation's Asset Turnover

For the Rental & Leasing Services subindustry, FTAI Aviation'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.


FTAI Aviation's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FTAI Aviation's Asset Turnover distribution charts can be found below:

* The bar in red indicates where FTAI Aviation's Asset Turnover falls into.



FTAI Aviation Asset Turnover Calculation

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

FTAI Aviation'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 )
=1170.896/( (2429.577+2964.685)/ 2 )
=1170.896/2697.131
=0.43

FTAI Aviation'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 )
=312.737/( (2633.786+2964.685)/ 2 )
=312.737/2799.2355
=0.11

* 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.


FTAI Aviation  (NAS:FTAI) Asset Turnover Explanation

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

FTAI Aviation's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=473.44/134.9385
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(473.44 / 1250.948)*(1250.948 / 2799.2355)*(2799.2355/ 134.9385)
=Net Margin %*Asset Turnover*Equity Multiplier
=37.85 %*0.4469*20.7445
=ROA %*Equity Multiplier
=16.91 %*20.7445
=350.86 %

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:

FTAI Aviation's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=473.44/2799.2355
=(Net Income / Revenue)*(Revenue / Total Assets)
=(473.44 / 1250.948)*(1250.948 / 2799.2355)
=Net Margin %*Asset Turnover
=37.85 %*0.4469
=16.91 %

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.


FTAI Aviation Asset Turnover Related Terms

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FTAI Aviation (FTAI Aviation) Business Description

Traded in Other Exchanges
Address
1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105
FTAI Aviation Ltd is a aerospace company .It owns and maintains commercial jet engines with a focus on CFM56 engines. FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. It invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation.
Executives
Adams Joseph P. Jr. director, officer: Chief Executive Officer C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ray M Robinson director 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Paul R Goodwin director CSX CORPORATION, 901 E. CARY STREET, RICHMOND VA 23219
Martin Tuchman director 633 PROSPECT AVE, PRINCETON NJ 08540
Eun Nam officer: Chief Accounting Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Washington State Investment Board 10 percent owner 2100 EVERGREEN PARK DR SW, PO BOX 40916, OLYMPIA WA 98504-0916
Scott Christopher officer: Chief Accounting Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kenneth J. Nicholson director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
A Andrew Levison director 124 WEST PUTNAM AVE, GREENWICH CT 06830
Judith A Hannaway director C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jonathan Atkeson officer: CFO and COO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Wesley R Edens director, 10 percent owner 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Worldwide Transportation & Infrastructure Gp Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fortress Worldwide Transportation & Infrastructure Investors Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

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