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Maui Land & Pineapple Co (Maui Land & Pineapple Co) Asset Turnover

: 0.10 (As of Dec. 2023)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Maui Land & Pineapple Co's Revenue for the three months ended in Dec. 2023 was $4.04 Mil. Maui Land & Pineapple Co's Total Assets for the quarter that ended in Dec. 2023 was $41.83 Mil. Therefore, Maui Land & Pineapple Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Maui Land & Pineapple Co's annualized ROE % for the quarter that ended in Dec. 2023 was 7.07%. It is also linked to ROA % through Du Pont Formula. Maui Land & Pineapple Co's annualized ROA % for the quarter that ended in Dec. 2023 was 5.67%.


Maui Land & Pineapple Co Asset Turnover Historical Data

The historical data trend for Maui Land & Pineapple Co'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.

Maui Land & Pineapple Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.19 0.33 0.52 0.26

Maui Land & Pineapple Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.06 0.05 0.10

Competitive Comparison

For the Real Estate Services subindustry, Maui Land & Pineapple Co'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.


Maui Land & Pineapple Co Asset Turnover Distribution

For the Real Estate industry and Real Estate sector, Maui Land & Pineapple Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Maui Land & Pineapple Co's Asset Turnover falls into.



Maui Land & Pineapple Co Asset Turnover Calculation

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

Maui Land & Pineapple Co's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=10.915/( (42.406+42.223)/ 2 )
=10.915/42.3145
=0.26

Maui Land & Pineapple Co's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=4.043/( (41.446+42.223)/ 2 )
=4.043/41.8345
=0.10

* 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.


Maui Land & Pineapple Co  (NYSE:MLP) Asset Turnover Explanation

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

Maui Land & Pineapple Co's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=2.372/33.571
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2.372 / 16.172)*(16.172 / 41.8345)*(41.8345/ 33.571)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.67 %*0.3866*1.2461
=ROA %*Equity Multiplier
=5.67 %*1.2461
=7.07 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Maui Land & Pineapple Co's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=2.372/41.8345
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2.372 / 16.172)*(16.172 / 41.8345)
=Net Margin %*Asset Turnover
=14.67 %*0.3866
=5.67 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Maui Land & Pineapple Co Asset Turnover Related Terms

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Maui Land & Pineapple Co (Maui Land & Pineapple Co) Business Description

Traded in Other Exchanges
N/A
Address
200 Village Road, Lahaina, Maui, HI, USA, 96761
Maui Land & Pineapple Co Inc is a landholding and operating company. ML&P owns, develops, sells, and manages residential, resort, commercial, agricultural, and industrial real estate. It operates in three segments: Real Estate, which includes the development and sale of real estate inventory; Leasing operations include residential, resort, commercial, agricultural, industrial land and property leases; and Resort Amenities segment, which include a membership program that provides certain benefits and privileges within the Kapalua Resort for its members. The majority of its revenue is derived from the Leasing segment. Leasing revenue is generated from restaurants, retail outlets, office buildings, warehouses, and other resort activities.
Executives
Race A. Randle officer: CEO C/O MAUI LAND AND PINEAPPLE COMPANY, INC, 200 VILLAGE ROAD, LAHAINA HI 96761
Paulus Subrata officer: Vice President 200 VILLAGE ROAD, LAHAINA HI 96761
R Scot Sellers director C/O ARCHSTONE-SMITH, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112
Scott Nadao Kodama officer: Accounting Officer 1698 NANA ST., WAILUKU HI 96793
Glyn Aeppel director 6 WHIPPOORWILL LANE, WESTPORT CT 06880
John Sabin director 44 HERSHA DRIVE, HARRISBURG PA 17102
Wade K Kodama officer: CFO 95-1025 AHIKAO ST., MILILANI HI 96789
Michael Shoma Hotta officer: CFO 200 VILLAGE ROAD, LAHAINA HI 96761
Anthony P. Takitani director 200 VILLAGE ROAD, LAHAINA HI 96761
Ryan L Churchill officer: Senior Vice President P. O. BOX 187, KAHULUI HI 96733
Stephen M Case director, 10 percent owner 1717 RHODE ISLAND AVENUE, N.W., 9TH FLOOR, WASHINGTON DC 20036
Tim T Esaki officer: CFO 200 VILLAGE ROAD, LAHAINA HI 96761
Authur C. Tokin director P. O. BOX 187, KAHULUI HI 96733-6687
John P Durkin officer: CFO P.O. BOX 187, KAHULUI HI 96733-6687
Gerald J Watts officer: VP/General Mngr. MPC 2530 RED HILL AVE, SANTA ANA CA 92705

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