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SRRE (Sunrise Real Estate Group) Asset Turnover : 0.04 (As of Sep. 2024)


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What is Sunrise Real Estate Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sunrise Real Estate Group's Revenue for the three months ended in Sep. 2024 was $7.22 Mil. Sunrise Real Estate Group's Total Assets for the quarter that ended in Sep. 2024 was $195.82 Mil. Therefore, Sunrise Real Estate Group's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Sunrise Real Estate Group's annualized ROE % for the quarter that ended in Sep. 2024 was 11.02%. It is also linked to ROA % through Du Pont Formula. Sunrise Real Estate Group's annualized ROA % for the quarter that ended in Sep. 2024 was 6.39%.


Sunrise Real Estate Group Asset Turnover Historical Data

The historical data trend for Sunrise Real Estate Group'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.

Sunrise Real Estate Group Asset Turnover Chart

Sunrise Real Estate Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.02 0.15 0.25 0.10

Sunrise Real Estate Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.03 0.01 0.02 0.04

Competitive Comparison of Sunrise Real Estate Group's Asset Turnover

For the Real Estate - Development subindustry, Sunrise Real Estate Group'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.


Sunrise Real Estate Group's Asset Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Sunrise Real Estate Group's Asset Turnover falls into.



Sunrise Real Estate Group Asset Turnover Calculation

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

Sunrise Real Estate Group's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=24.834/( (274.095+207.875)/ 2 )
=24.834/240.985
=0.10

Sunrise Real Estate Group's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=7.222/( (195.803+195.837)/ 2 )
=7.222/195.82
=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.


Sunrise Real Estate Group  (OTCPK:SRRE) Asset Turnover Explanation

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

Sunrise Real Estate Group's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=12.52/113.6595
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(12.52 / 28.888)*(28.888 / 195.82)*(195.82/ 113.6595)
=Net Margin %*Asset Turnover*Equity Multiplier
=43.34 %*0.1475*1.7229
=ROA %*Equity Multiplier
=6.39 %*1.7229
=11.02 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

Sunrise Real Estate Group's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=12.52/195.82
=(Net Income / Revenue)*(Revenue / Total Assets)
=(12.52 / 28.888)*(28.888 / 195.82)
=Net Margin %*Asset Turnover
=43.34 %*0.1475
=6.39 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.


Sunrise Real Estate Group Asset Turnover Related Terms

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


Sunrise Real Estate Group Business Description

Traded in Other Exchanges
N/A
Address
No. 18, Panlong Road, Shanghai, CHN, 201702
Sunrise Real Estate Group Inc is engaged in the provision of real estate development and property brokerage services. The provided services include real estate marketing services, property leasing services, and property management services in the People's Republic of China. The operating segments of the company are Property brokerage services, Real estate development, Investment transaction, and Others. It generates maximum revenue from the Real estate development segment.
Executives
Ace Develop Properties Limited 10 percent owner, other: President and CEO P.O. BOX 957, OFFSHORE INCORPORATED CENTER ROAD TOWN, TORTOLA D8 XXXXX
Chao Chin Lin director, 10 percent owner, officer: Senior Vice President FLOOR 7, NO. 333, ZHAOJIABANG ROAD, SHANGHAI F4 200032
Robert Lin Investment Inc 10 percent owner NO 333 FLOOR 7, ZHAOJIABANG ROAD, SHANGHAI F4 20032
Wen Yan Wang officer: Chief Financial Officer SUITE 701 NO 333, ZHAOJIABANG ROAD, SHANGHAI F4 200032
Chi Jung Lin officer: CHIEF EXECUTIVE OFFICER FLOOR 7, NO. 333, ZHAOJIABANG ROAD, SHANGHAI F4 200032
Hsin Hung Lin director SUITE 701, NO. 333, ZHAOJIABANG ROAD, SHANGHAI F4 200032
Xi Zhang director 240 BEIJING E. ROAD, SHANGHAI F4 200002
Ardavazt Honanyan officer: Chief Financial Officer SUITE 701, 333 ZHAOJIABANG RD., SHAGHAI F4 200032
Ren Chen director 27/F GANGTAI PLAZA, NO. 700, YANAN E. ROAD, SHANGHAI F4 200001
Xuan Jie Fu director FLOOR 5, JIN YAN BUILDING, NO. 8, ZHONGSHAN E. NO. 2 ROAD, SHANGHAI F4 200002
Xiao Gang Li director NO. 7, LANE 622, HUAI HAI M. ROAD, SHANGHAI F4 200020
Yarek Bartosz director, 10 percent owner, officer: President 9521 21ST ST SE, CALGARY ALBERTA CANA A0 999999999
Olympus Investment Corp 10 percent owner 11F NO 249 SECTION 1, FUSHING SOUTH ROAD, TAIPEI F5 000000

Sunrise Real Estate Group Headlines

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