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AerCap Holdings NV (AerCap Holdings NV) Asset Turnover : 0.03 (As of Dec. 2023)


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What is AerCap Holdings NV Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. AerCap Holdings NV's Revenue for the three months ended in Dec. 2023 was $1,896 Mil. AerCap Holdings NV's Total Assets for the quarter that ended in Dec. 2023 was $71,434 Mil. Therefore, AerCap Holdings NV's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. AerCap Holdings NV's annualized ROE % for the quarter that ended in Dec. 2023 was 26.90%. It is also linked to ROA % through Du Pont Formula. AerCap Holdings NV's annualized ROA % for the quarter that ended in Dec. 2023 was 6.19%.


AerCap Holdings NV Asset Turnover Historical Data

The historical data trend for AerCap Holdings NV'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.

AerCap Holdings NV Asset Turnover Chart

AerCap Holdings NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.11 0.08 0.10 0.11

AerCap Holdings NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.03 0.03

Competitive Comparison of AerCap Holdings NV's Asset Turnover

For the Rental & Leasing Services subindustry, AerCap Holdings NV'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.


AerCap Holdings NV's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AerCap Holdings NV's Asset Turnover distribution charts can be found below:

* The bar in red indicates where AerCap Holdings NV's Asset Turnover falls into.



AerCap Holdings NV Asset Turnover Calculation

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

AerCap Holdings NV'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 )
=7574.664/( (69726.918+71274.559)/ 2 )
=7574.664/70500.7385
=0.11

AerCap Holdings NV'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 )
=1895.807/( (71593.664+71274.559)/ 2 )
=1895.807/71434.1115
=0.03

* 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.


AerCap Holdings NV  (NYSE:AER) Asset Turnover Explanation

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

AerCap Holdings NV's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=4423.352/16441.242
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4423.352 / 7583.228)*(7583.228 / 71434.1115)*(71434.1115/ 16441.242)
=Net Margin %*Asset Turnover*Equity Multiplier
=58.33 %*0.1062*4.3448
=ROA %*Equity Multiplier
=6.19 %*4.3448
=26.90 %

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:

AerCap Holdings NV's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=4423.352/71434.1115
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4423.352 / 7583.228)*(7583.228 / 71434.1115)
=Net Margin %*Asset Turnover
=58.33 %*0.1062
=6.19 %

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.


AerCap Holdings NV Asset Turnover Related Terms

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


AerCap Holdings NV (AerCap Holdings NV) Business Description

Traded in Other Exchanges
Address
65 St. Stephen's Green, AerCap House, Dublin, IRL, D02 YX20
AerCap Holdings NV is an aircraft leasing company. Its major activities include leasing, financing, sales, and management of commercial aircraft and engines. It also provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. Its geographical segments include China, United States, and Other countries.
Executives
Michael George Walsh director 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
James A Lawrence director 2211 S 47TH ST, PHOENIX AZ 85034
Michael Gradon director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Aengus Kelly officer: Chief Executive Officer AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Den Dikken Wouter Marinus officer: Chief Operating Officer AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
James N Chapman director 14 ALPINE ROAD, GREENWICH CT 06830
Peter Juhas officer: Chief Financial Officer 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Philip Gene Scruggs officer: Chief Comm. Off. and President AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Robert G Warden director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Marius Jonkhart director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Al Noaimi Salem Rashed Abdulla Ali director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Walter Field Mclallen director 1225 17TH AVE SOUTH, NASHVILLE TN 37212
Paul T Dacier director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Pieter Korteweg director C/O CERBERUS CAPITAL MANAGEMENT L.P., 299 PARK AVENUE - 22ND FLOOR, NEW YORK NY 10171
Robert H Benmosche director 180 MAIDEN LANE, NEW YORK NY 10038