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SF Real Estate Investment Trust (HKSE:02191) Asset Turnover : 0.03 (As of Jun. 2024)


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What is SF Real Estate Investment 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. SF Real Estate Investment Trust's Revenue for the six months ended in Jun. 2024 was HK$221.8 Mil. SF Real Estate Investment Trust's Total Assets for the quarter that ended in Jun. 2024 was HK$7,612.3 Mil. Therefore, SF Real Estate Investment Trust's Asset Turnover for the quarter that ended in Jun. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. SF Real Estate Investment Trust's annualized ROE % for the quarter that ended in Jun. 2024 was 0.58%. It is also linked to ROA % through Du Pont Formula. SF Real Estate Investment Trust's annualized ROA % for the quarter that ended in Jun. 2024 was 0.32%.


SF Real Estate Investment Trust Asset Turnover Historical Data

The historical data trend for SF Real Estate Investment 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.

SF Real Estate Investment Trust Asset Turnover Chart

SF Real Estate Investment Trust Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial 0.05 0.04 0.06 0.06 0.06

SF Real Estate Investment Trust Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of SF Real Estate Investment Trust's Asset Turnover

For the REIT - Industrial subindustry, SF Real Estate Investment 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.


SF Real Estate Investment Trust's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where SF Real Estate Investment Trust's Asset Turnover falls into.



SF Real Estate Investment Trust Asset Turnover Calculation

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

SF Real Estate Investment Trust'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 )
=444.918/( (7817.488+7692.288)/ 2 )
=444.918/7754.888
=0.06

SF Real Estate Investment Trust's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=221.837/( (7692.288+7532.299)/ 2 )
=221.837/7612.2935
=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.


SF Real Estate Investment Trust  (HKSE:02191) Asset Turnover Explanation

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

SF Real Estate Investment Trust's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=24.364/4181.042
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(24.364 / 443.674)*(443.674 / 7612.2935)*(7612.2935/ 4181.042)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.49 %*0.0583*1.8207
=ROA %*Equity Multiplier
=0.32 %*1.8207
=0.58 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 2024) 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:

SF Real Estate Investment Trust's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=24.364/7612.2935
=(Net Income / Revenue)*(Revenue / Total Assets)
=(24.364 / 443.674)*(443.674 / 7612.2935)
=Net Margin %*Asset Turnover
=5.49 %*0.0583
=0.32 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 2024) 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.


SF Real Estate Investment Trust Asset Turnover Related Terms

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SF Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
111 Leighton Road, Room 2002, 20th Floor, Lee Garden Six, Causeway Bay, Hong Kong, HKG
SF Real Estate Investment Trust is a real estate investment trust. The company's initial portfolio comprises three properties located in Hong Kong, Foshan, and Wuhu, all of which are modern logistics properties and comprise distribution centers equipped with automatic sorting and supply chain support facilities, is strategically located within the key logistics hubs and near major airports, seaports, railways, express highways and transportation hubs in Hong Kong and the PRC. It derives revenue from rental income and management service income.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited 2201 Interest of corporation controlled by you
Wang Wei 2201 Interest of corporation controlled by you
Shen Zhen Ming De Kong Gu Fa Zhan You Xian Gong Si 2201 Interest of corporation controlled by you
Shun Feng Kong Gu Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Ci Investments Inc. 2102 Investment manager
Sf Fengtai Industrial Park Holdings Limited 2101 Beneficial owner
Sf Holding Limited 2201 Interest of corporation controlled by you
Sunny Sail Holding Limited 2201 Interest of corporation controlled by you
Shen Zhen Shun Feng Tai Sen Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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