GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » JAVELIN Mortgage Investment Corp (NYSE:JMI) » Definitions » Asset Turnover

JAVELIN Mortgage Investment (JAVELIN Mortgage Investment) Asset Turnover : 0.01 (As of Dec. 2015)


View and export this data going back to . Start your Free Trial

What is JAVELIN Mortgage Investment Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. JAVELIN Mortgage Investment's Revenue for the three months ended in Dec. 2015 was $6.97 Mil. JAVELIN Mortgage Investment's Total Assets for the quarter that ended in Dec. 2015 was $905.08 Mil. Therefore, JAVELIN Mortgage Investment's Asset Turnover for the quarter that ended in Dec. 2015 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. JAVELIN Mortgage Investment's annualized ROE % for the quarter that ended in Dec. 2015 was 17.89%. It is also linked to ROA % through Du Pont Formula. JAVELIN Mortgage Investment's annualized ROA % for the quarter that ended in Dec. 2015 was 2.30%.


JAVELIN Mortgage Investment Asset Turnover Historical Data

The historical data trend for JAVELIN Mortgage Investment'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.

JAVELIN Mortgage Investment Asset Turnover Chart

JAVELIN Mortgage Investment Annual Data
Trend Dec13 Dec14 Dec15
Asset Turnover
-0.04 -0.01 0.01

JAVELIN Mortgage Investment Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 -0.01 - 0.02 -0.02 0.01

Competitive Comparison of JAVELIN Mortgage Investment's Asset Turnover

For the REIT - Diversified subindustry, JAVELIN Mortgage Investment'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.


JAVELIN Mortgage Investment's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where JAVELIN Mortgage Investment's Asset Turnover falls into.



JAVELIN Mortgage Investment Asset Turnover Calculation

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

JAVELIN Mortgage Investment'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 )
=6.803/( (1280.901+874.284)/ 2 )
=6.803/1077.5925
=0.01

JAVELIN Mortgage Investment's Asset Turnover for the quarter that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2015 )/( (Total Assets (Q: Sep. 2015 )+Total Assets (Q: Dec. 2015 ))/ count )
=6.965/( (935.866+874.284)/ 2 )
=6.965/905.075
=0.01

* 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.


JAVELIN Mortgage Investment  (NYSE:JMI) Asset Turnover Explanation

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

JAVELIN Mortgage Investment's annulized ROE % for the quarter that ended in Dec. 2015 is

ROE %**(Q: Dec. 2015 )
=Net Income/Total Stockholders Equity
=20.784/116.172
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(20.784 / 27.86)*(27.86 / 905.075)*(905.075/ 116.172)
=Net Margin %*Asset Turnover*Equity Multiplier
=74.6 %*0.0308*7.7908
=ROA %*Equity Multiplier
=2.30 %*7.7908
=17.89 %

Note: The Net Income data used here is four times the quarterly (Dec. 2015) net income data. The Revenue data used here is four times the quarterly (Dec. 2015) 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:

JAVELIN Mortgage Investment's annulized ROA % for the quarter that ended in Dec. 2015 is

ROA %(Q: Dec. 2015 )
=Net Income/Total Assets
=20.784/905.075
=(Net Income / Revenue)*(Revenue / Total Assets)
=(20.784 / 27.86)*(27.86 / 905.075)
=Net Margin %*Asset Turnover
=74.6 %*0.0308
=2.30 %

Note: The Net Income data used here is four times the quarterly (Dec. 2015) net income data. The Revenue data used here is four times the quarterly (Dec. 2015) 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.


JAVELIN Mortgage Investment Asset Turnover Related Terms

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


JAVELIN Mortgage Investment (JAVELIN Mortgage Investment) Business Description

Traded in Other Exchanges
N/A
Address
JAVELIN Mortgage Investment Corp was incorporated on June 18, 2012. The Company invest in and manage a leveraged portfolio of residential mortgage backed securities and mortgage loans. It is managed by ARRM, pursuant to the Management Agreement. 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
Daniel C Staton director, officer: Chairman of the Board HOLLAND & KNIGHT LLP, 701 BRICKELL AVENUE, SUITE 3300, MIAMI FL 33131
Stewart J Paperin director HOLLAND & KNIGHT LLP, 701 BRICKELL AVENUE, SUITE 3300, MIAMI FL 33131
John C Chrystal director C/O BANCORP, INC., 409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Hollihan John P Iii director HOLLAND & KNIGHT LLP, 701 BRICKELL AVENUE, SUITE 3300, MIAMI FL 33131
Marc H Bell director 6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487
Jeffrey J Zimmer director, officer: Co-CEO and President 3001 OCEAN DRIVE, SUITE 201, VERO BEACH FL 32963
Robert C Hain director HOLLAND & KNIGHT LLP, 701 BRICKELL AVENUE, SUITE 3300, MIAMI FL 33131
Scott Ulm director, officer: Co-CEO and CIO 3005 HAMMOCK WAY, VERO BEACH FL 32963
Thomas K Guba director 3001 OCEAN DRIVE, SUITE 201, VERO BEACH FL 32963
James R Mountain officer: Chief Financial Officer ARMOUR RESIDENTIAL REIT, INC., 3001 OCEAN DRIVE, SUITE 201, VERO BEACH FL 32963
Mark Gruber officer: Chief Operating Officer 3001 OCEAN DRIVE, SUITE 201, VERO BEACH FL 32963

JAVELIN Mortgage Investment (JAVELIN Mortgage Investment) Headlines

From GuruFocus

Top 5 Insider Buys of the Week

By Monica Wolfe Monica Wolfe 05-31-2013