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RASJQ.PFD (RAIT Financial Trust) Asset Turnover : 0.01 (As of Jun. 2019)


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What is RAIT Financial Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. RAIT Financial Trust's Revenue for the three months ended in Jun. 2019 was $3.07 Mil. RAIT Financial Trust's Total Assets for the quarter that ended in Jun. 2019 was $628.18 Mil. Therefore, RAIT Financial Trust's Asset Turnover for the quarter that ended in Jun. 2019 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. RAIT Financial Trust's annualized ROE % for the quarter that ended in Jun. 2019 was 5.19%. It is also linked to ROA % through Du Pont Formula. RAIT Financial Trust's annualized ROA % for the quarter that ended in Jun. 2019 was 0.53%.


RAIT Financial Trust Asset Turnover Historical Data

The historical data trend for RAIT Financial Trust'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.

RAIT Financial Trust Asset Turnover Chart

RAIT Financial Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.07 0.07 0.05 0.02

RAIT Financial Trust Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 - - 0.01

Competitive Comparison of RAIT Financial Trust's Asset Turnover

For the REIT - Diversified subindustry, RAIT Financial Trust'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.


RAIT Financial Trust's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where RAIT Financial Trust's Asset Turnover falls into.


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RAIT Financial Trust Asset Turnover Calculation

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

RAIT Financial Trust'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 )
=23.999/( (1791.833+733.764)/ 2 )
=23.999/1262.7985
=0.02

RAIT Financial Trust's Asset Turnover for the quarter that ended in Jun. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2019 )/( (Total Assets (Q: Mar. 2019 )+Total Assets (Q: Jun. 2019 ))/ count )
=3.066/( (673.782+582.578)/ 2 )
=3.066/628.18
=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.


RAIT Financial Trust  (OTCPK:RASJQ.PFD) Asset Turnover Explanation

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

RAIT Financial Trust's annulized ROE % for the quarter that ended in Jun. 2019 is

ROE %**(Q: Jun. 2019 )
=Net Income/Total Stockholders Equity
=3.308/63.6985
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3.308 / 12.264)*(12.264 / 628.18)*(628.18/ 63.6985)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.97 %*0.0195*9.8618
=ROA %*Equity Multiplier
=0.53 %*9.8618
=5.19 %

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

RAIT Financial Trust's annulized ROA % for the quarter that ended in Jun. 2019 is

ROA %(Q: Jun. 2019 )
=Net Income/Total Assets
=3.308/628.18
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3.308 / 12.264)*(12.264 / 628.18)
=Net Margin %*Asset Turnover
=26.97 %*0.0195
=0.53 %

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


RAIT Financial Trust Asset Turnover Related Terms

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RAIT Financial Trust Business Description

Traded in Other Exchanges
N/A
Address
100 North 18th Street, Two Logan Square, 23rd Floor, Philadelphia, PA, USA, 19103
RAIT Financial Trust is a United States-based real estate investment trust. Through its subsidiaries, the company invests in and manages a portfolio of commercial real estate (CRE) loans and properties. It operates in the business segment of real estate lending, owning and managing segment which focuses on lending, owning and managing commercial real estate assets throughout the United States. The form of the company's investments ranged from first mortgage loans to equity ownership of a commercial real estate property. It derives main revenue in the form of property income.

RAIT Financial Trust Headlines

From GuruFocus

RAIT Financial Trust (RAS) CEO Scott Schaeffer buys 25,000 Shares

By GuruFocus Research GuruFocus Editor 11-24-2009

RAIT Financial Trust (RAS) CFO Jack Salmon buys 10,000 Shares

By GuruFocus Research GuruFocus Editor 12-01-2010

RAIT Financial Trust (RAS) COO & Secretary Raphael Licht sells 9,191 Shares

By GuruFocus Research GuruFocus Editor 12-04-2009

RAIT Financial Trust (RAS) Chairman & Trustee Betsy Z Cohen buys 9,191 Shares

By GuruFocus Research GuruFocus Editor 12-04-2009