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International Market Centers (International Market Centers) Asset Turnover : 0.20 (As of Dec. 2014)


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What is International Market Centers Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. International Market Centers's Revenue for the six months ended in Dec. 2014 was $162.80 Mil. International Market Centers's Total Assets for the quarter that ended in Dec. 2014 was $813.98 Mil. Therefore, International Market Centers's Asset Turnover for the quarter that ended in Dec. 2014 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. International Market Centers's annualized ROE % for the quarter that ended in Dec. 2014 was -26.89%. It is also linked to ROA % through Du Pont Formula. International Market Centers's annualized ROA % for the quarter that ended in Dec. 2014 was -7.26%.


International Market Centers Asset Turnover Historical Data

The historical data trend for International Market Centers'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.

International Market Centers Asset Turnover Chart

International Market Centers Annual Data
Trend Dec12 Dec13 Dec14
Asset Turnover
0.16 0.18 0.20

International Market Centers Semi-Annual Data
Dec12 Dec13 Dec14
Asset Turnover 0.16 0.18 0.20

Competitive Comparison of International Market Centers's Asset Turnover

For the REIT - Retail subindustry, International Market Centers'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.


International Market Centers's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where International Market Centers's Asset Turnover falls into.



International Market Centers Asset Turnover Calculation

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

International Market Centers's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=162.801/( (839.341+788.612)/ 2 )
=162.801/813.9765
=0.20

International Market Centers's Asset Turnover for the quarter that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2014 )/( (Total Assets (Q: Dec. 2013 )+Total Assets (Q: Dec. 2014 ))/ count )
=162.801/( (839.341+788.612)/ 2 )
=162.801/813.9765
=0.20

* 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.


International Market Centers  (NYSE:IMC) Asset Turnover Explanation

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

International Market Centers's annulized ROE % for the quarter that ended in Dec. 2014 is

ROE %**(Q: Dec. 2014 )
=Net Income/Total Stockholders Equity
=-59.102/219.81
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-59.102 / 325.602)*(325.602 / 813.9765)*(813.9765/ 219.81)
=Net Margin %*Asset Turnover*Equity Multiplier
=-18.15 %*0.4*3.7031
=ROA %*Equity Multiplier
=-7.26 %*3.7031
=-26.89 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) 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:

International Market Centers's annulized ROA % for the quarter that ended in Dec. 2014 is

ROA %(Q: Dec. 2014 )
=Net Income/Total Assets
=-59.102/813.9765
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-59.102 / 325.602)*(325.602 / 813.9765)
=Net Margin %*Asset Turnover
=-18.15 %*0.4
=-7.26 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2014) net income data. The Revenue data used here is two times the semi-annual (Dec. 2014) 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.


International Market Centers Asset Turnover Related Terms

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International Market Centers (International Market Centers) Business Description

Traded in Other Exchanges
N/A
Address
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.

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