AX Real Estate (MAL:AXR) Asset Turnover : 0.12 (As of Oct. 2023)

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What is AX Real Estate Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AX Real Estate's Revenue for the six months ended in Oct. 2023 was €46.02 Mil. AX Real Estate's Total Assets for the quarter that ended in Oct. 2023 was €384.07 Mil. Therefore, AX Real Estate's Asset Turnover for the quarter that ended in Oct. 2023 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. AX Real Estate's annualized ROE % for the quarter that ended in Oct. 2023 was -5.55%. It is also linked to ROA % through Du Pont Formula. AX Real Estate's annualized ROA % for the quarter that ended in Oct. 2023 was -2.68%.

AX Real Estate Asset Turnover Historical Data

The historical data trend for AX Real Estate'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.

AX Real Estate Asset Turnover Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

Asset Turnover

0.10

0.11

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Asset Turnover	-	0.01	0.10	0.01	0.12

Competitive Comparison of AX Real Estate's Asset Turnover

For the Real Estate - Diversified subindustry, AX Real Estate'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.

AX Real Estate's Asset Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where AX Real Estate's Asset Turnover falls into.

AX Real Estate Asset Turnover Calculation

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

AX Real Estate's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Oct. 2023 )	/	( (Total Assets (A: Oct. 2022 )	+	Total Assets (A: Oct. 2023 ))	/ count )
=	49.865	/	( (422.759	+	474.028)	/ 2 )
=	49.865	/	448.3935
=	0.11

AX Real Estate's Asset Turnover for the quarter that ended in Oct. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Apr. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	46.024	/	( (294.108	+	474.028)	/ 2 )
=	46.024	/	384.068
=	0.12

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.

AX Real Estate (MAL:AXR) Asset Turnover Explanation

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

AX Real Estate's annulized ROE % for the quarter that ended in Oct. 2023 is

	ROE %^**		(Q: Oct. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-10.284	/	185.345
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-10.284 / 92.048)	*	(92.048 / 384.068)	*	(384.068/ 185.345)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-11.17 %	*	0.2397	*	2.0722
=	ROA %	*	Equity Multiplier
=	-2.68 %	*	2.0722
=	-5.55 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2023) net income data. The Revenue data used here is two times the semi-annual (Oct. 2023) revenue data.

^** 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:

AX Real Estate's annulized ROA % for the quarter that ended in Oct. 2023 is

	ROA %		(Q: Oct. 2023 )
=	Net Income	/	Total Assets
=	-10.284	/	384.068
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-10.284 / 92.048)	*	(92.048 / 384.068)
=	Net Margin %	*	Asset Turnover
=	-11.17 %	*	0.2397
=	-2.68 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2023) net income data. The Revenue data used here is two times the semi-annual (Oct. 2023) revenue data.

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.

AX Real Estate Asset Turnover Related Terms

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AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.