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Hatteras Financial (Hatteras Financial) Asset Turnover : 0.00 (As of Mar. 2016)


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What is Hatteras Financial Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hatteras Financial's Revenue for the three months ended in Mar. 2016 was $38.77 Mil. Hatteras Financial's Total Assets for the quarter that ended in Mar. 2016 was $15,116.02 Mil. Therefore, Hatteras Financial's Asset Turnover for the quarter that ended in Mar. 2016 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Hatteras Financial's annualized ROE % for the quarter that ended in Mar. 2016 was -13.59%. It is also linked to ROA % through Du Pont Formula. Hatteras Financial's annualized ROA % for the quarter that ended in Mar. 2016 was -1.88%.


Hatteras Financial Asset Turnover Historical Data

The historical data trend for Hatteras Financial'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.

Hatteras Financial Asset Turnover Chart

Hatteras Financial Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.02 0.02 -0.01 0.01 0.02

Hatteras Financial Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 - - - 0.01 -

Competitive Comparison of Hatteras Financial's Asset Turnover

For the REIT - Residential subindustry, Hatteras Financial'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.


Hatteras Financial's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Hatteras Financial's Asset Turnover falls into.



Hatteras Financial Asset Turnover Calculation

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

Hatteras Financial's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=286.921/( (18516.8+16137.526)/ 2 )
=286.921/17327.163
=0.02

Hatteras Financial's Asset Turnover for the quarter that ended in Mar. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2016 )/( (Total Assets (Q: Dec. 2015 )+Total Assets (Q: Mar. 2016 ))/ count )
=38.771/( (16137.526+14094.505)/ 2 )
=38.771/15116.0155
=0.00

* 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.


Hatteras Financial  (NYSE:HTSPRA.PFD) Asset Turnover Explanation

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

Hatteras Financial's annulized ROE % for the quarter that ended in Mar. 2016 is

ROE %**(Q: Mar. 2016 )
=Net Income/Total Stockholders Equity
=-284.66/2094.364
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-284.66 / 155.084)*(155.084 / 15116.0155)*(15116.0155/ 2094.364)
=Net Margin %*Asset Turnover*Equity Multiplier
=-183.55 %*0.0103*7.2175
=ROA %*Equity Multiplier
=-1.88 %*7.2175
=-13.59 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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:

Hatteras Financial's annulized ROA % for the quarter that ended in Mar. 2016 is

ROA %(Q: Mar. 2016 )
=Net Income/Total Assets
=-284.66/15116.0155
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-284.66 / 155.084)*(155.084 / 15116.0155)
=Net Margin %*Asset Turnover
=-183.55 %*0.0103
=-1.88 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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.


Hatteras Financial Asset Turnover Related Terms

Thank you for viewing the detailed overview of Hatteras Financial's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Hatteras Financial (Hatteras Financial) Business Description

Traded in Other Exchanges
N/A
Address
Hatteras Financial Corp a Maryland Corp was incorporated on September 19, 2007. The Company is an externally-managed mortgage REIT that invests primarily in single-family residential mortgage real estate assets. In acquiring agency securities, the Company competes with mortgage REITs, mortgage finance and specialty finance companies, savings and loan associations, banks, mortgage bankers, insurance companies, mutual funds, institutional investors, investment banking firms, other lenders, governmental bodies and other entities.
Executives
Michael P Lau officer: President of Wind River 751 W. FOURTH STREET, SUITE 400, WINSTON-SALEM NC 27101
Nutt William V Jr director 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Vicki W Mcelreath director PO BOX 33068, CHARLOTTE NC 28233
Jeffrey Douglas Miller director 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michael R Hough director, officer: Chief Executive Officer 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Benjamin M Hough director, officer: President and COO 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Thomas D Wren director C/O RAIT FINANCIAL TRUST, 2 LOGAN SQUARE, 100 N. 18TH ST., 23RD FL, PHILADELPHIA PA 19103
David W Berson director 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Boos Frederick J Ii officer: EVP and Co-CIO 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Kenneth A Steele officer: CFO, Treasurer and Secretary 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Ira G Kawaller director 751 W. FOURTH STREET, SUITE 400, WINSTON SALEM NC 27101
Gibbs William H Jr officer: EVP and Co-CIO 110 OAKWOOD DRIVE, SUITE 340, WINSTON SALEM NC 27103