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Tobin Properties AB (OSTO:TOBIN PREF.PFD) Asset Turnover : 0.00 (As of Mar. 2019)


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What is Tobin Properties AB Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Tobin Properties AB's Revenue for the three months ended in Mar. 2019 was kr0.88 Mil. Tobin Properties AB's Total Assets for the quarter that ended in Mar. 2019 was kr1,813.02 Mil. Therefore, Tobin Properties AB's Asset Turnover for the quarter that ended in Mar. 2019 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Tobin Properties AB's annualized ROE % for the quarter that ended in Mar. 2019 was -24.70%. It is also linked to ROA % through Du Pont Formula. Tobin Properties AB's annualized ROA % for the quarter that ended in Mar. 2019 was -9.82%.


Tobin Properties AB Asset Turnover Historical Data

The historical data trend for Tobin Properties AB'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.

Tobin Properties AB Asset Turnover Chart

Tobin Properties AB Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial 0.04 0.03 0.13 0.06 0.08

Tobin Properties AB Quarterly Data
Sep13 Dec13 Sep14 Dec14 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.01 0.01 0.02 0.04 -

Competitive Comparison of Tobin Properties AB's Asset Turnover

For the Real Estate - Development subindustry, Tobin Properties AB'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.


Tobin Properties AB's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tobin Properties AB's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Tobin Properties AB's Asset Turnover falls into.


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Tobin Properties AB Asset Turnover Calculation

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

Tobin Properties AB's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=140.501/( (1799.987+1812.75)/ 2 )
=140.501/1806.3685
=0.08

Tobin Properties AB's Asset Turnover for the quarter that ended in Mar. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2019 )/( (Total Assets (Q: Dec. 2018 )+Total Assets (Q: Mar. 2019 ))/ count )
=0.883/( (1812.75+1813.288)/ 2 )
=0.883/1813.019
=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.


Tobin Properties AB  (OSTO:TOBIN PREF.PFD) Asset Turnover Explanation

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

Tobin Properties AB's annulized ROE % for the quarter that ended in Mar. 2019 is

ROE %**(Q: Mar. 2019 )
=Net Income/Total Stockholders Equity
=-178.124/721.2625
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-178.124 / 3.532)*(3.532 / 1813.019)*(1813.019/ 721.2625)
=Net Margin %*Asset Turnover*Equity Multiplier
=-5043.15 %*0.0019*2.5137
=ROA %*Equity Multiplier
=-9.82 %*2.5137
=-24.70 %

Note: The Net Income data used here is four times the quarterly (Mar. 2019) net income data. The Revenue data used here is four times the quarterly (Mar. 2019) 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:

Tobin Properties AB's annulized ROA % for the quarter that ended in Mar. 2019 is

ROA %(Q: Mar. 2019 )
=Net Income/Total Assets
=-178.124/1813.019
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-178.124 / 3.532)*(3.532 / 1813.019)
=Net Margin %*Asset Turnover
=-5043.15 %*0.0019
=-9.82 %

Note: The Net Income data used here is four times the quarterly (Mar. 2019) net income data. The Revenue data used here is four times the quarterly (Mar. 2019) 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.


Tobin Properties AB Asset Turnover Related Terms

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Tobin Properties AB Business Description

Traded in Other Exchanges
N/A
Address
Humlegardsgatan 19A, Stockholm, SWE, 114 46
Tobin Properties AB is a real estate development company. Its project portfolio comprises a total of about 1664 apartments with 109,400 square meters of floor space.

Tobin Properties AB Headlines

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