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Blackstone Senior Floating Rate Term Fund Asset Turnover

: 0.04 (As of Jun. 2021)
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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. Blackstone Senior Floating Rate Term Fund's Revenue for the six months ended in Jun. 2021 was $13.94 Mil. Blackstone Senior Floating Rate Term Fund's Total Assets for the quarter that ended in Jun. 2021 was $350.24 Mil. Therefore, Blackstone Senior Floating Rate Term Fund's Asset Turnover for the quarter that ended in Jun. 2021 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Blackstone Senior Floating Rate Term Fund's annualized ROE % for the quarter that ended in Jun. 2021 was 12.28%. It is also linked to ROA % through Du Pont Formula. Blackstone Senior Floating Rate Term Fund's annualized ROA % for the quarter that ended in Jun. 2021 was 7.69%.


Blackstone Senior Floating Rate Term Fund Asset Turnover Historical Data

The historical data trend for Blackstone Senior Floating Rate Term Fund'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.

Blackstone Senior Floating Rate Term Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
0.10 0.04 0.01 0.05 0.01

Blackstone Senior Floating Rate Term Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 -0.06 0.08 0.04

Blackstone Senior Floating Rate Term Fund Asset Turnover Calculation

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

Blackstone Senior Floating Rate Term Fund's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=4.144/( (386.73+332.374)/ 2 )
=4.144/359.552
=0.01

Blackstone Senior Floating Rate Term Fund's Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Dec. 2020 )+Total Assets (Q: Jun. 2021 ))/ count )
=13.943/( (332.374+368.115)/ 2 )
=13.943/350.2445
=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.


Blackstone Senior Floating Rate Term Fund  (NYSE:BSL) Asset Turnover Explanation

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

Blackstone Senior Floating Rate Term Fund's annulized ROE % for the quarter that ended in Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=26.936/219.2925
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(26.936 / 27.886)*(27.886 / 350.2445)*(350.2445/ 219.2925)
=Net Margin %*Asset Turnover*Equity Multiplier
=96.59 %*0.0796*1.5972
=ROA %*Equity Multiplier
=7.69 %*1.5972
=12.28 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2021) net income data. The Revenue data used here is two times the semi-annual (Jun. 2021) 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:

Blackstone Senior Floating Rate Term Fund's annulized ROA % for the quarter that ended in Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=26.936/350.2445
=(Net Income / Revenue)*(Revenue / Total Assets)
=(26.936 / 27.886)*(27.886 / 350.2445)
=Net Margin %*Asset Turnover
=96.59 %*0.0796
=7.69 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2021) net income data. The Revenue data used here is two times the semi-annual (Jun. 2021) 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.


Blackstone Senior Floating Rate Term Fund Asset Turnover Related Terms

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Blackstone Senior Floating Rate Term Fund Business Description

Blackstone Senior Floating Rate Term Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Traded in Other Exchanges
N/A
Address
345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Senior Floating Rate Term Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. The fund invests at least 80% of its Managed Assets in senior, secured floating rate loans. It also invests in second-lien loans and high yield bonds and employs financial leverage, which may increase the risk to the Fund.
Executives
Post Robert other: Portfolio Manager C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC 345 PARK AVE 31ST FLOOR NEW YORK NY 10154
Busch Robert W officer: CFO & Treasurer 345 PARK AVENUE, 31ST FLOOR NEW YORK NY 10154
Zable Robert officer: Executive Vice President, other: Asst. Secretary & PM 1290 BROADWAY SUITE 1100 DENVER CO 80203
Mckemie Gordon other: Portfolio Manager C/O GSO CAPITAL PARTNERS LP 345 PARK AVENUE NEW YORK NY 10154
Smith Daniel Harlan Jr. officer: CEO, President, other: Trustee, Chairman 1290 BROADWAY SUITE 1100 DENVER CO 80203
Lee-silvestri Dohyun (doris) officer: Chief Financial Officer C/O GSO CAPITAL PARTNERS LP 345 PARK AVENUE NEW YORK NY 10154
Lee Jane officer: Public Relations Officer 1290 BROADWAY SUITE 1100 CO 80203
Beeney Marisa Janel officer: CCO, Chief Legal Counsel, Sec. 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Schpero Gary S other: Trustee 1290 BROADWAY, SUITE 1100 DENVER CO 80203
Shaiman Lee Michael officer: Exec. VP, Assistant Secretary 1290 BROADWAY SUITE 1100 DENVER CO 80203
Metropolitan Life Insurance Co/ny 10 percent owner 200 PARK AVENUE NEW YORK NY 10166
Holland Michael F other: Trustee PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HOLLAND MICHAEL F a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Rosenberg Eric officer: Chief Financial Officer C/O GSO CAPITAL PARTNERS LP 280 PARK AVENUE NEW YORK NY 10017
Dalelio Edward H other: Trustee 1000 BOARDWALK AT VIRGINIA AVENUE ATLANTIC CITY NJ 08401
Paolillo Douglas other: Mng. Dir.of Investment Advisor C/O GSO BLACKSTONE DEBT FUNDS MGMT LLC 280 PARK AVENUE NEW YORK NY 10017
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