Vantage Towers AG (HAM:VTWR) Asset Turnover: 0.05 (As of Mar. 2023)


HAM:VTWR Vantage Towers AG HAM:VTWR
44 GF Score
Price €38.60
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What is Vantage Towers AG Asset Turnover?

Vantage Towers AG HAM:VTWR 44 Asset Turnover is 0.05 as of Mar. 2023. GuruFocus rates HAM:VTWR with a GF Score™ of 44/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Vantage Towers AG's Revenue for the six months ended in Mar. 2023 was €562 Mil. Vantage Towers AG's Total Assets for the quarter that ended in Mar. 2023 was €10,880 Mil. Therefore, Vantage Towers AG's Asset Turnover for the quarter that ended in Mar. 2023 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Vantage Towers AG's annualized ROE % for the quarter that ended in Mar. 2023 was 10.55%. It is also linked to ROA % through Du Pont Formula. Vantage Towers AG's annualized ROA % for the quarter that ended in Mar. 2023 was 5.22%.

Vantage Towers AG  (HAM:VTWR) Asset Turnover Explanation

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

Vantage Towers AG's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=568.4/5387.65
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(568.4 / 1123.8)*(1123.8 / 10879.8)*(10879.8/ 5387.65)
=Net Margin %*Asset Turnover*Equity Multiplier
=50.58 %*0.1033*2.0194
=ROA %*Equity Multiplier
=5.22 %*2.0194
=10.55 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2023) net income data. The Revenue data used here is two times the semi-annual (Mar. 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:

Vantage Towers AG's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=568.4/10879.8
=(Net Income / Revenue)*(Revenue / Total Assets)
=(568.4 / 1123.8)*(1123.8 / 10879.8)
=Net Margin %*Asset Turnover
=50.58 %*0.1033
=5.22 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2023) net income data. The Revenue data used here is two times the semi-annual (Mar. 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.

Vantage Towers AG Asset Turnover Related Terms

Vantage Towers AG Asset Turnover Historical Data

* Premium members only.

The historical data trend for Vantage Towers AG'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.

Vantage Towers AG Asset Turnover Chart

Vantage Towers AG Annual Data
Trend Mar21 Mar22 Mar23
Asset Turnover
0.05 0.10 0.10

Vantage Towers AG Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Asset Turnover Get a 7-Day Free Trial 0.04 0.05 0.05 0.05 0.05

HAM:VTWR vs BEKE, CBRE, CSGP: Asset Turnover Comparison

For the Real Estate Services subindustry, Vantage Towers AG'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.

Vantage Towers AG Asset Turnover vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Vantage Towers AG's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Vantage Towers AG's Asset Turnover falls into.


HAM:VTWR
44GF Score
Vantage Towers AG HAM:VTWR
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Vantage Towers AG Asset Turnover Calculation

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

Vantage Towers AG's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=1095.2/( (10721.6+11035.8)/ 2 )
=1095.2/10878.7
=0.10

Vantage Towers AG's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=561.9/( (10723.8+11035.8)/ 2 )
=561.9/10879.8
=0.05

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.05 mean?
Vantage Towers AG (HAM:VTWR) has a Asset Turnover of 0.05 as of Mar. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Vantage Towers AG and its competitors.
Is Vantage Towers AG's Asset Turnover too high?
Vantage Towers AG's current Asset Turnover is 0.05. Overall, Vantage Towers AG has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Towers AG's Asset Turnover compare to BEKE and CBRE?
Vantage Towers AG's Asset Turnover of 0.05 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Real Estate company?
A good Asset Turnover depends on the Real Estate industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Vantage Towers AG and its competitors. Vantage Towers AG's current Asset Turnover is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Towers AG stock overvalued right now?
Vantage Towers AG (HAM:VTWR) has a current Asset Turnover of 0.05. The current Asset Turnover is 0.05. Vantage Towers AG's overall GF Score™ is 44/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Vantage Towers AG (HAM:VTWR), the current Asset Turnover is 0.05 as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vantage Towers AG Business Description

Address Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549
Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.
44GF Score

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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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