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Corio NV (LTS:0LNK) Asset Turnover : 0.06 (As of Dec. 2013)


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What is Corio NV Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Corio NV's Revenue for the six months ended in Dec. 2013 was €462.2 Mil. Corio NV's Total Assets for the quarter that ended in Dec. 2013 was €7,545.3 Mil. Therefore, Corio NV's Asset Turnover for the quarter that ended in Dec. 2013 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Corio NV's annualized ROE % for the quarter that ended in Dec. 2013 was -12.80%. It is also linked to ROA % through Du Pont Formula. Corio NV's annualized ROA % for the quarter that ended in Dec. 2013 was -6.64%.


Corio NV Asset Turnover Historical Data

The historical data trend for Corio NV'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.

Corio NV Asset Turnover Chart

Corio NV Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.06 0.06 0.06 0.06

Corio NV Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.06 0.06 0.06 0.06

Competitive Comparison of Corio NV's Asset Turnover

For the REIT - Retail subindustry, Corio NV'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.


Corio NV's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Corio NV's Asset Turnover falls into.



Corio NV Asset Turnover Calculation

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

Corio NV's Asset Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2013 )/( (Total Assets (A: Dec. 2012 )+Total Assets (A: Dec. 2013 ))/ count )
=462.2/( (7631+7459.6)/ 2 )
=462.2/7545.3
=0.06

Corio NV's Asset Turnover for the quarter that ended in Dec. 2013 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2013 )/( (Total Assets (Q: Dec. 2012 )+Total Assets (Q: Dec. 2013 ))/ count )
=462.2/( (7631+7459.6)/ 2 )
=462.2/7545.3
=0.06

* 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.


Corio NV  (LTS:0LNK) Asset Turnover Explanation

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

Corio NV's annulized ROE % for the quarter that ended in Dec. 2013 is

ROE %**(Q: Dec. 2013 )
=Net Income/Total Stockholders Equity
=-501/3913.1
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-501 / 924.4)*(924.4 / 7545.3)*(7545.3/ 3913.1)
=Net Margin %*Asset Turnover*Equity Multiplier
=-54.2 %*0.1225*1.9282
=ROA %*Equity Multiplier
=-6.64 %*1.9282
=-12.80 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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:

Corio NV's annulized ROA % for the quarter that ended in Dec. 2013 is

ROA %(Q: Dec. 2013 )
=Net Income/Total Assets
=-501/7545.3
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-501 / 924.4)*(924.4 / 7545.3)
=Net Margin %*Asset Turnover
=-54.2 %*0.1225
=-6.64 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2013) net income data. The Revenue data used here is two times the semi-annual (Dec. 2013) 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.


Corio NV Asset Turnover Related Terms

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Corio NV (LTS:0LNK) Business Description

Traded in Other Exchanges
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Address
Website
Corio NV was formed in 2000 by the merger between VIB and WBN. It is a retail property company engaged in developing, redeveloping and managing retail properties such as shops and shopping centers, offices and industrial centers in the Netherlands, France, Italy, Spain, Turkey and Germany. The Company has grown from a Dutch mixed retail fund to a pan-European real estate company with a clear focus on retail. The Company has a presence in the largest consumer markets in continental Europe, management is fully in-sourced and the business has a solid financial position. In the changing retail landscape the Company is now ready to enter the next phase and take advantage of future opportunities and dynamics in the industry. The Company has set up an internal platform, called LaunchLab, focused on helping the Company to innovate and execute the Favorite Meeting Place strategy. The programme aims to discover new strategic insights, as well as support innovative ideas to quickly move into action, boosting revenues from other income streams. The Company has six local organisations: Corio Nederland, Corio France, Corio Italia, Corio España, Corio Türkiye and Corio Deutschland. They are responsible for the daily management of Corio's real estate portfolio. Corio N.V. (the Management Board and its general staff) retains the checks and balances. The general staff reports directly to the Management Board of Corio N.V. The green brick is a reward for the sustainable real estate investor of the year.

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