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Safehold (Safehold) Asset Turnover : 0.02 (As of Mar. 2023)


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What is Safehold Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Safehold's Revenue for the three months ended in Mar. 2023 was $78.3 Mil. Safehold's Total Assets for the quarter that ended in Mar. 2023 was $4,771.9 Mil. Therefore, Safehold's Asset Turnover for the quarter that ended in Mar. 2023 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Safehold's annualized ROE % for the quarter that ended in Mar. 2023 was 1.05%. It is also linked to ROA % through Du Pont Formula. Safehold's annualized ROA % for the quarter that ended in Mar. 2023 was 0.39%.


Safehold Asset Turnover Historical Data

The historical data trend for Safehold'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.

Safehold Asset Turnover Chart

Safehold Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.05 0.07 0.06 0.04

Safehold Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.01 0.02

Competitive Comparison of Safehold's Asset Turnover

For the REIT - Diversified subindustry, Safehold'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.


Safehold's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Safehold's Asset Turnover falls into.



Safehold Asset Turnover Calculation

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

Safehold's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=158.051/( (4840.534+3253.228)/ 2 )
=158.051/4046.881
=0.04

Safehold's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=78.329/( (3253.228+6290.562)/ 2 )
=78.329/4771.895
=0.02

* 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.


Safehold  (NYSE:SAFE) Asset Turnover Explanation

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

Safehold's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=18.728/1780.0735
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.728 / 313.316)*(313.316 / 4771.895)*(4771.895/ 1780.0735)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.98 %*0.0657*2.6807
=ROA %*Equity Multiplier
=0.39 %*2.6807
=1.05 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 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:

Safehold's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=18.728/4771.895
=(Net Income / Revenue)*(Revenue / Total Assets)
=(18.728 / 313.316)*(313.316 / 4771.895)
=Net Margin %*Asset Turnover
=5.98 %*0.0657
=0.39 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 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.


Safehold Asset Turnover Related Terms

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


Safehold (Safehold) Business Description

Traded in Other Exchanges
N/A
Address
1114 Avenue of the Americas, 39th Floor, New York, NY, USA, 10036
Safehold Inc is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. It continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.
Executives
Jay S Nydick officer: PRESIDENT 1114 AVENUE OF THE AMERICAS, 27TH FLR, NEW YORK NY 10036
Robin Josephs director
Jay Sugarman director, officer: Chairman and CEO 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Barry W Ridings director 21 LILAC LANE, PRINCETON NJ 08540
Gic Private Ltd director 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Istar Inc. 10 percent owner 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Sfty Venture Llc director C/O GIC REAL ESTATE, INC., 280 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017
Gic Real Estate, Inc. director ONE BUSH STREET, SUITE 1000, SAN FRANCISCO CA 94104
Gic Real Estate Private Ltd director C/O GIC PRIVATE LIMITED, 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Jesse Hom director 168 ROBINSON ROAD, #37-01, CAPITAL TOWER, SINGAPORE U0 068912
Stefan M Selig director 2 EAST 70TH STREET, NEW YORK NY 10021
Star Holdings 10 percent owner 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Brett Asnas officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Garett Rosenblum officer: Chief Accounting Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
David Eisenberg director C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036

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