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MTGE Investment (MTGE Investment) Asset Turnover : 0.00 (As of Jun. 2018)


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What is MTGE Investment Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. MTGE Investment's Revenue for the three months ended in Jun. 2018 was $8.41 Mil. MTGE Investment's Total Assets for the quarter that ended in Jun. 2018 was $5,758.48 Mil. Therefore, MTGE Investment's Asset Turnover for the quarter that ended in Jun. 2018 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. MTGE Investment's annualized ROE % for the quarter that ended in Jun. 2018 was 3.35%. It is also linked to ROA % through Du Pont Formula. MTGE Investment's annualized ROA % for the quarter that ended in Jun. 2018 was 0.55%.


MTGE Investment Asset Turnover Historical Data

The historical data trend for MTGE Investment'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.

MTGE Investment Asset Turnover Chart

MTGE Investment Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Asset Turnover
Get a 7-Day Free Trial - 0.01 0.01 0.01 0.01

MTGE Investment Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 - - - - -

Competitive Comparison of MTGE Investment's Asset Turnover

For the REIT - Diversified subindustry, MTGE Investment'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.


MTGE Investment's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where MTGE Investment's Asset Turnover falls into.



MTGE Investment Asset Turnover Calculation

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

MTGE Investment's Asset Turnover for the fiscal year that ended in Dec. 2017 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2017 )/( (Total Assets (A: Dec. 2016 )+Total Assets (A: Dec. 2017 ))/ count )
=27.22/( (4797.155+5953.036)/ 2 )
=27.22/5375.0955
=0.01

MTGE Investment's Asset Turnover for the quarter that ended in Jun. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2018 )/( (Total Assets (Q: Mar. 2018 )+Total Assets (Q: Jun. 2018 ))/ count )
=8.411/( (5857.808+5659.156)/ 2 )
=8.411/5758.482
=0.00

* 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.


MTGE Investment  (NAS:MTGE) Asset Turnover Explanation

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

MTGE Investment's annulized ROE % for the quarter that ended in Jun. 2018 is

ROE %**(Q: Jun. 2018 )
=Net Income/Total Stockholders Equity
=31.844/951.8135
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(31.844 / 33.644)*(33.644 / 5758.482)*(5758.482/ 951.8135)
=Net Margin %*Asset Turnover*Equity Multiplier
=94.65 %*0.0058*6.05
=ROA %*Equity Multiplier
=0.55 %*6.05
=3.35 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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:

MTGE Investment's annulized ROA % for the quarter that ended in Jun. 2018 is

ROA %(Q: Jun. 2018 )
=Net Income/Total Assets
=31.844/5758.482
=(Net Income / Revenue)*(Revenue / Total Assets)
=(31.844 / 33.644)*(33.644 / 5758.482)
=Net Margin %*Asset Turnover
=94.65 %*0.0058
=0.55 %

Note: The Net Income data used here is four times the quarterly (Jun. 2018) net income data. The Revenue data used here is four times the quarterly (Jun. 2018) 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.


MTGE Investment Asset Turnover Related Terms

Thank you for viewing the detailed overview of MTGE Investment's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


MTGE Investment (MTGE Investment) Business Description

Traded in Other Exchanges
N/A
Address
MTGE Investment is a hybrid mortgage REIT that invests in, finances, and manages a portfolio of agency mortgage-backed securities, nonagency mortgage investments, and other real estate-related assets. Its residential mortgage-backed securities, or RMBS, include residential mortgage pass-through certificates and collateralised mortgage obligations. Its nonagency mortgage investments comprise RMBS backed by residential mortgages, as well as prime and nonprime residential mortgage loans. The company generates its revenue from the interest earned and lease payments received on its investment assets. MTGE Investment's assets are externally managed by a subsidiary of AGNC Investment.
Executives
Julia Lynn Coronado director C/O DYNEX CAPITAL, INC., 4991 LAKE BROOK DRIVE, SUITE 100, GLEN ALLEN VA 23060
Sean Reid officer: CEO AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Donald Holley officer: SVP and CFO AMERICAN CAPITAL MORTGAGE INVESTMENT COR, 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Robert M. Couch director AMERICAN CAPITAL AGENCY CORP., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Randy E. Dobbs director C/O VIEMED HEALTHCARE, INC, 625 E. KALISTE SALOOM RD, LAFAYETTE LA 70508
Kenneth L. Pollack officer: SVP, CCO and Secretary AMERICAN CAPITAL AGENCY CORP., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Aaron Pas officer: SVP AMERICAN CAPITAL MORTGAGE INVESTMENT COR, 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Christopher Kuehl officer: EVP and CIO AMERICAN CAPITAL AGENCY CORP., 7373 WISCONSIN AVENUE, 22ND FL, BETHESDA MD 20814
Peter J Federico officer: EVP and CFO AMERICAN CAPITAL MORTGAGE INVESTMENT COR, 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Gary D Kain director, officer: Dir., CEO, President and CIO AMERICAN CAPITAL, LTD., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Steven W. Abrahams director MTGE INVESTMENT CORP., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Prue Larocca director AMERICAN CAPITAL AGENCY CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Morris A. Davis director C/O AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Larry K Harvey director AMERICAN CAPITAL AGENCY CORP., 2 BETHESDA METRO, 12TH FLOOR, BETHESDA MD 20814
John R Erickson director 2 BETHESDA METRO CENTER, 14TH FLOOR, BETHESDA MD 20814