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Mori Trust Reit (Mori Trust Reit) Asset Turnover : 0.02 (As of Sep. 2022)


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What is Mori Trust Reit Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Mori Trust Reit's Revenue for the six months ended in Sep. 2022 was $48.17 Mil. Mori Trust Reit's Total Assets for the quarter that ended in Sep. 2022 was $2,508.00 Mil. Therefore, Mori Trust Reit's Asset Turnover for the quarter that ended in Sep. 2022 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Mori Trust Reit's annualized ROE % for the quarter that ended in Sep. 2022 was 3.78%. It is also linked to ROA % through Du Pont Formula. Mori Trust Reit's annualized ROA % for the quarter that ended in Sep. 2022 was 1.85%.


Mori Trust Reit Asset Turnover Historical Data

The historical data trend for Mori Trust Reit'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.

Mori Trust Reit Asset Turnover Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.06 0.06 0.05 0.04

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
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 0.03 0.03 0.02 0.04

Competitive Comparison of Mori Trust Reit's Asset Turnover

For the REIT - Office subindustry, Mori Trust Reit'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.


Mori Trust Reit's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Mori Trust Reit's Asset Turnover falls into.



Mori Trust Reit Asset Turnover Calculation

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

Mori Trust Reit's Asset Turnover for the fiscal year that ended in Sep. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2022 )/( (Total Assets (A: Sep. 2021 )+Total Assets (A: Sep. 2022 ))/ count )
=107.693/( (2980.08+2274.563)/ 2 )
=107.693/2627.3215
=0.04

Mori Trust Reit's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=48.172/( (2741.429+2274.563)/ 2 )
=48.172/2507.996
=0.02

* 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.


Mori Trust Reit  (OTCPK:MRGIF) Asset Turnover Explanation

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

Mori Trust Reit's annulized ROE % for the quarter that ended in Sep. 2022 is

ROE %**(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=46.498/1229.578
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(46.498 / 96.344)*(96.344 / 2507.996)*(2507.996/ 1229.578)
=Net Margin %*Asset Turnover*Equity Multiplier
=48.26 %*0.0384*2.0397
=ROA %*Equity Multiplier
=1.85 %*2.0397
=3.78 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2022) net income data. The Revenue data used here is two times the semi-annual (Sep. 2022) 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:

Mori Trust Reit's annulized ROA % for the quarter that ended in Sep. 2022 is

ROA %(Q: Sep. 2022 )
=Net Income/Total Assets
=46.498/2507.996
=(Net Income / Revenue)*(Revenue / Total Assets)
=(46.498 / 96.344)*(96.344 / 2507.996)
=Net Margin %*Asset Turnover
=48.26 %*0.0384
=1.85 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2022) net income data. The Revenue data used here is two times the semi-annual (Sep. 2022) 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.


Mori Trust Reit Asset Turnover Related Terms

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Mori Trust Reit (Mori Trust Reit) Business Description

Traded in Other Exchanges
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

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