GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NorthStar Realty Finance Corp (NYSE:NRFPRB.PFD) » Definitions » Asset Turnover

NorthStar Realty Finance (NorthStar Realty Finance) Asset Turnover : 0.04 (As of Sep. 2016)


View and export this data going back to 2007. Start your Free Trial

What is NorthStar Realty Finance Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. NorthStar Realty Finance's Revenue for the three months ended in Sep. 2016 was $496.72 Mil. NorthStar Realty Finance's Total Assets for the quarter that ended in Sep. 2016 was $13,636.12 Mil. Therefore, NorthStar Realty Finance's Asset Turnover for the quarter that ended in Sep. 2016 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. NorthStar Realty Finance's annualized ROE % for the quarter that ended in Sep. 2016 was -9.93%. It is also linked to ROA % through Du Pont Formula. NorthStar Realty Finance's annualized ROA % for the quarter that ended in Sep. 2016 was -2.33%.


NorthStar Realty Finance Asset Turnover Historical Data

The historical data trend for NorthStar Realty Finance'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.

NorthStar Realty Finance Asset Turnover Chart

NorthStar Realty Finance Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.09 0.09 0.09 0.13

NorthStar Realty Finance Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 0.04 0.04

Competitive Comparison of NorthStar Realty Finance's Asset Turnover

For the REIT - Retail subindustry, NorthStar Realty Finance'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.


NorthStar Realty Finance's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where NorthStar Realty Finance's Asset Turnover falls into.



NorthStar Realty Finance Asset Turnover Calculation

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

NorthStar Realty Finance's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=2036.241/( (15178.712+15404.401)/ 2 )
=2036.241/15291.5565
=0.13

NorthStar Realty Finance's Asset Turnover for the quarter that ended in Sep. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Sep. 2016 ))/ count )
=496.719/( (13907.35+13364.889)/ 2 )
=496.719/13636.1195
=0.04

* 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.


NorthStar Realty Finance  (NYSE:NRFPRB.PFD) Asset Turnover Explanation

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

NorthStar Realty Finance's annulized ROE % for the quarter that ended in Sep. 2016 is

ROE %**(Q: Sep. 2016 )
=Net Income/Total Stockholders Equity
=-317.164/3193.143
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-317.164 / 1986.876)*(1986.876 / 13636.1195)*(13636.1195/ 3193.143)
=Net Margin %*Asset Turnover*Equity Multiplier
=-15.96 %*0.1457*4.2704
=ROA %*Equity Multiplier
=-2.33 %*4.2704
=-9.93 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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:

NorthStar Realty Finance's annulized ROA % for the quarter that ended in Sep. 2016 is

ROA %(Q: Sep. 2016 )
=Net Income/Total Assets
=-317.164/13636.1195
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-317.164 / 1986.876)*(1986.876 / 13636.1195)
=Net Margin %*Asset Turnover
=-15.96 %*0.1457
=-2.33 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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.


NorthStar Realty Finance Asset Turnover Related Terms

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


NorthStar Realty Finance (NorthStar Realty Finance) Business Description

Traded in Other Exchanges
N/A
Address
Northstar Realty Finance Corp is a Maryland corporation formed in October 2003. The Company is an internally managed REIT, and is a diversified commercial real estate investment and asset management company. NorthStar Realty Finance Limited Partnership holds all of the Company's assets and conducts its operation directly or indirectly. The Company invests in multiple asset classes across commercial real estate. These investments are in the form of acquiring real estate, originating or acquiring senior or subordinate loans, as well as CRE investments, both in the United States and internationally. The asset management business is focused on raising and managing capital on a fee basis from alternative sources, which includes non-traded real estate investment trusts, and sponsoring other companies through joint ventures and partnerships, such as RXR Realty, LLC, or RXR Realty. The Company's commercial real estate debt business is focused on originating, structuring, acquiring and managing senior and subordinate debt investments secured by commercial real estate, including first mortgage loans, subordinate interests, mezzanine loans, credit tenant loans and other loans, including preferred equity interests in borrowers who own such properties. The Company competes with many third parties engaged in real estate investment activities including publicly-traded REITs, non-traded REITs, insurance companies, commercial and investment banking firms, private equity funds. The Company is subject to supervision and regulation by state and federal governmental authorities and is subject to various laws and judicial and administrative decisions imposing various requirements and restrictions.