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IVT (InvenTrust Properties) Asset Turnover : 0.03 (As of Sep. 2024)


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What is InvenTrust Properties Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. InvenTrust Properties's Revenue for the three months ended in Sep. 2024 was $68.5 Mil. InvenTrust Properties's Total Assets for the quarter that ended in Sep. 2024 was $2,540.3 Mil. Therefore, InvenTrust Properties's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. InvenTrust Properties's annualized ROE % for the quarter that ended in Sep. 2024 was -0.13%. It is also linked to ROA % through Du Pont Formula. InvenTrust Properties's annualized ROA % for the quarter that ended in Sep. 2024 was -0.08%.


InvenTrust Properties Asset Turnover Historical Data

The historical data trend for InvenTrust Properties'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.

InvenTrust Properties Asset Turnover Chart

InvenTrust Properties 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 0.09 0.08 0.09 0.10 0.10

InvenTrust Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of InvenTrust Properties's Asset Turnover

For the REIT - Retail subindustry, InvenTrust Properties'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.


InvenTrust Properties's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where InvenTrust Properties's Asset Turnover falls into.



InvenTrust Properties Asset Turnover Calculation

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

InvenTrust Properties'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 )
=258.676/( (2473.034+2487.331)/ 2 )
=258.676/2480.1825
=0.10

InvenTrust Properties's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=68.521/( (2460.075+2620.481)/ 2 )
=68.521/2540.278
=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.


InvenTrust Properties  (NYSE:IVT) Asset Turnover Explanation

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

InvenTrust Properties's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-2.156/1645.389
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-2.156 / 274.084)*(274.084 / 2540.278)*(2540.278/ 1645.389)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.79 %*0.1079*1.5439
=ROA %*Equity Multiplier
=-0.08 %*1.5439
=-0.13 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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:

InvenTrust Properties's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-2.156/2540.278
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.156 / 274.084)*(274.084 / 2540.278)
=Net Margin %*Asset Turnover
=-0.79 %*0.1079
=-0.08 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


InvenTrust Properties Asset Turnover Related Terms

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


InvenTrust Properties Business Description

Traded in Other Exchanges
N/A
Address
3025 Highland Parkway, Suite 350, Downers Grove, IL, USA, 60515
InvenTrust Properties Corp is the United States of America based company qualified as a REIT (Real Estate Investment Trust). It is focused on owning, leasing, redeveloping, acquiring and managing a multi-tenant retail platform. The company's wholly-owned and managed retail properties include grocery-anchored community and neighborhood centers and power centers, including those classified as necessity-based. InvenTrust operates through a single segment i.e. multi-tenant retail.
Executives
Michael Douglas Phillips officer: S.V.P., C.A.O. & Controller 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Smita Shah director 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
David Bryson officer: SVP, Chief Accounting Officer 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Daniel Busch officer: E.V.P., C.F.O. & Treasurer 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Amanda Elizabeth Black director 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Christy Lynn David officer: EVP, General Counsel & Sec. 3025 HIGHLAND PARKWAY, SUITE 350, DOWNERS GROVE IL 60515
Ivy Zoe Greaner officer: Chief Operating Officer 3025 HIGHLAND PARKWAY, DOWNERS GROVE IL 60515
Stuart Aitken director C/O JOURNAL MEDIA GROUP, INC., 333 WEST STATE STREET, MILWAUKEE WI 53203
Adam M Jaworski officer: SVP/Chief Accounting Officer 2809 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott A. Nelson director 2809 BUTTERFIELD ROAD, SUITE 200, OAK BROOK IL 60523
Michael A Stein director 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237
Julian E Whitehurst director
Anna N Fitzgerald officer: See Remarks 191 N WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
David F Collins officer: See Remarks 2809 BUTTERFIELD ROAD, SUITE 360, OAK BROOK IL 60523
Michael E. Podboy officer: See Remarks 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523