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Frasers Commercial Trust (SGX:UP8) Asset Turnover : 0.02 (As of Dec. 2019)


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What is Frasers Commercial 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. Frasers Commercial Trust's Revenue for the three months ended in Dec. 2019 was S$37.78 Mil. Frasers Commercial Trust's Total Assets for the quarter that ended in Dec. 2019 was S$2,273.96 Mil. Therefore, Frasers Commercial Trust's Asset Turnover for the quarter that ended in Dec. 2019 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Frasers Commercial Trust's annualized ROE % for the quarter that ended in Dec. 2019 was 3.99%. It is also linked to ROA % through Du Pont Formula. Frasers Commercial Trust's annualized ROA % for the quarter that ended in Dec. 2019 was 2.62%.


Frasers Commercial Trust Asset Turnover Historical Data

The historical data trend for Frasers Commercial 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.

Frasers Commercial Trust Asset Turnover Chart

Frasers Commercial Trust Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.08 0.07 0.06 0.06

Frasers Commercial Trust Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 0.02 0.02 0.01 0.02 0.02

Competitive Comparison of Frasers Commercial Trust's Asset Turnover

For the REIT - Office subindustry, Frasers Commercial 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.


Frasers Commercial Trust's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Frasers Commercial Trust's Asset Turnover falls into.



Frasers Commercial Trust Asset Turnover Calculation

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

Frasers Commercial Trust's Asset Turnover for the fiscal year that ended in Sep. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2019 )/( (Total Assets (A: Sep. 2018 )+Total Assets (A: Sep. 2019 ))/ count )
=125.06/( (2173.08+2259.645)/ 2 )
=125.06/2216.3625
=0.06

Frasers Commercial Trust's Asset Turnover for the quarter that ended in Dec. 2019 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2019 )/( (Total Assets (Q: Sep. 2019 )+Total Assets (Q: Dec. 2019 ))/ count )
=37.779/( (2259.645+2288.279)/ 2 )
=37.779/2273.962
=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.


Frasers Commercial Trust  (SGX:UP8) Asset Turnover Explanation

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

Frasers Commercial Trust's annulized ROE % for the quarter that ended in Dec. 2019 is

ROE %**(Q: Dec. 2019 )
=Net Income/Total Stockholders Equity
=59.496/1489.7305
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(59.496 / 151.116)*(151.116 / 2273.962)*(2273.962/ 1489.7305)
=Net Margin %*Asset Turnover*Equity Multiplier
=39.37 %*0.0665*1.5264
=ROA %*Equity Multiplier
=2.62 %*1.5264
=3.99 %

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

Frasers Commercial Trust's annulized ROA % for the quarter that ended in Dec. 2019 is

ROA %(Q: Dec. 2019 )
=Net Income/Total Assets
=59.496/2273.962
=(Net Income / Revenue)*(Revenue / Total Assets)
=(59.496 / 151.116)*(151.116 / 2273.962)
=Net Margin %*Asset Turnover
=39.37 %*0.0665
=2.62 %

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


Frasers Commercial Trust Asset Turnover Related Terms

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Frasers Commercial Trust (SGX:UP8) Business Description

Traded in Other Exchanges
N/A
Address
438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Commercial Trust is an office and business park real estate investment trust with properties valued at around SGD 2.1 billion. The trust owns six properties: three in Australia, two in Singapore, and one in the United Kingdom. The trust wholly owns four of them, while Central Park and Farnborough Business Park are 50%-owned. Only two properties that the trust owns are located in the heart of a central business district. The trust is externally managed by Frasers Commercial Asset Management, and parent Frasers Property retains a 26% stake.

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