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Acucap Properties (JSE:ACP) Asset Turnover : 0.04 (As of Sep. 2014)


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What is Acucap 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. Acucap Properties's Revenue for the six months ended in Sep. 2014 was R568.2 Mil. Acucap Properties's Total Assets for the quarter that ended in Sep. 2014 was R16,327.1 Mil. Therefore, Acucap Properties's Asset Turnover for the quarter that ended in Sep. 2014 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Acucap Properties's annualized ROE % for the quarter that ended in Sep. 2014 was 13.17%. It is also linked to ROA % through Du Pont Formula. Acucap Properties's annualized ROA % for the quarter that ended in Sep. 2014 was 6.34%.


Acucap Properties Asset Turnover Historical Data

The historical data trend for Acucap 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.

Acucap Properties Asset Turnover Chart

Acucap Properties Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14
Asset Turnover
Get a 7-Day Free Trial 0.08 0.08 0.07 0.07 0.06

Acucap Properties Semi-Annual Data
Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 0.03 0.04

Competitive Comparison of Acucap Properties's Asset Turnover

For the REIT - Retail subindustry, Acucap 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.


Acucap Properties's Asset Turnover Distribution in the REITs Industry

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

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



Acucap Properties Asset Turnover Calculation

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

Acucap Properties's Asset Turnover for the fiscal year that ended in Mar. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2014 )/( (Total Assets (A: Mar. 2013 )+Total Assets (A: Mar. 2014 ))/ count )
=679.829/( (10348.663+12572.756)/ 2 )
=679.829/11460.7095
=0.06

Acucap Properties's Asset Turnover for the quarter that ended in Sep. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2014 )/( (Total Assets (Q: Mar. 2014 )+Total Assets (Q: Sep. 2014 ))/ count )
=568.184/( (12572.756+20081.536)/ 2 )
=568.184/16327.146
=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.


Acucap Properties  (JSE:ACP) Asset Turnover Explanation

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

Acucap Properties's annulized ROE % for the quarter that ended in Sep. 2014 is

ROE %**(Q: Sep. 2014 )
=Net Income/Total Stockholders Equity
=1035.71/7862.792
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1035.71 / 1136.368)*(1136.368 / 16327.146)*(16327.146/ 7862.792)
=Net Margin %*Asset Turnover*Equity Multiplier
=91.14 %*0.0696*2.0765
=ROA %*Equity Multiplier
=6.34 %*2.0765
=13.17 %

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

Acucap Properties's annulized ROA % for the quarter that ended in Sep. 2014 is

ROA %(Q: Sep. 2014 )
=Net Income/Total Assets
=1035.71/16327.146
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1035.71 / 1136.368)*(1136.368 / 16327.146)
=Net Margin %*Asset Turnover
=91.14 %*0.0696
=6.34 %

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


Acucap Properties Asset Turnover Related Terms

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Acucap Properties (JSE:ACP) Business Description

Traded in Other Exchanges
N/A
Address
Website
Acucap Properties Ltd carries on the business of a property holding company through the ownership of investment properties by its wholly owned subsidiaries. Its segments include Retail, Offices, Industrial, Property development and Storage.