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Intu Properties (JSE:ITU) Asset Turnover : 0.05 (As of Dec. 2019)


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What is Intu 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. Intu Properties's Revenue for the six months ended in Dec. 2019 was R6,833 Mil. Intu Properties's Total Assets for the quarter that ended in Dec. 2019 was R148,488 Mil. Therefore, Intu Properties's Asset Turnover for the quarter that ended in Dec. 2019 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Intu Properties's annualized ROE % for the quarter that ended in Dec. 2019 was -92.64%. It is also linked to ROA % through Du Pont Formula. Intu Properties's annualized ROA % for the quarter that ended in Dec. 2019 was -28.51%.


Intu Properties Asset Turnover Historical Data

The historical data trend for Intu 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.

Intu Properties Asset Turnover Chart

Intu Properties Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.05 0.06 0.06 0.07

Intu Properties Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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 0.02 0.04 0.02 0.05

Competitive Comparison of Intu Properties's Asset Turnover

For the REIT - Retail subindustry, Intu 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.


Intu Properties's Asset Turnover Distribution in the REITs Industry

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

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



Intu Properties Asset Turnover Calculation

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

Intu Properties's Asset Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2019 )/( (Total Assets (A: Dec. 2018 )+Total Assets (A: Dec. 2019 ))/ count )
=10236.463/( (170412.025+134342.492)/ 2 )
=10236.463/152377.2585
=0.07

Intu Properties's Asset Turnover for the quarter that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2019 )/( (Total Assets (Q: Jun. 2019 )+Total Assets (Q: Dec. 2019 ))/ count )
=6833.118/( (162632.917+134342.492)/ 2 )
=6833.118/148487.7045
=0.05

* 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.


Intu Properties  (JSE:ITU) Asset Turnover Explanation

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

Intu Properties's annulized ROE % for the quarter that ended in Dec. 2019 is

ROE %**(Q: Dec. 2019 )
=Net Income/Total Stockholders Equity
=-42331.352/45692.597
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-42331.352 / 13666.236)*(13666.236 / 148487.7045)*(148487.7045/ 45692.597)
=Net Margin %*Asset Turnover*Equity Multiplier
=-309.75 %*0.092*3.2497
=ROA %*Equity Multiplier
=-28.51 %*3.2497
=-92.64 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2019) net income data. The Revenue data used here is two times the semi-annual (Dec. 2019) 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:

Intu Properties's annulized ROA % for the quarter that ended in Dec. 2019 is

ROA %(Q: Dec. 2019 )
=Net Income/Total Assets
=-42331.352/148487.7045
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-42331.352 / 13666.236)*(13666.236 / 148487.7045)
=Net Margin %*Asset Turnover
=-309.75 %*0.092
=-28.51 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2019) net income data. The Revenue data used here is two times the semi-annual (Dec. 2019) 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.


Intu Properties Asset Turnover Related Terms

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Intu Properties (JSE:ITU) Business Description

Traded in Other Exchanges
N/A
Address
40 Broadway, Westminster, London, GBR, SW1H 0BT
Intu Properties PLC is a British real estate investment trust that invests in, develops, and manages retail properties. The company's portfolio includes shopping centres across the United Kingdom and Spain. The company generates revenue from leasing properties to tenants, which include retailers, restaurants, and leisure venues. Intu Properties operates through two geographical segments: the U.K. and Spain. The UK segment delivers the vast majority of total revenue, as most of the company's properties are located in the United Kingdom.

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