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Artis Real Estate Investment Trust (TSX:AX.PR.G.PFD) Asset Turnover : 0.02 (As of Sep. 2024)


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What is Artis Real Estate Investment 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. Artis Real Estate Investment Trust's Revenue for the three months ended in Sep. 2024 was C$66.37 Mil. Artis Real Estate Investment Trust's Total Assets for the quarter that ended in Sep. 2024 was C$3,176.02 Mil. Therefore, Artis Real Estate Investment Trust's Asset Turnover for the quarter that ended in Sep. 2024 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Artis Real Estate Investment Trust's annualized ROE % for the quarter that ended in Sep. 2024 was -2.83%. It is also linked to ROA % through Du Pont Formula. Artis Real Estate Investment Trust's annualized ROA % for the quarter that ended in Sep. 2024 was -1.47%.


Artis Real Estate Investment Trust Asset Turnover Historical Data

The historical data trend for Artis Real Estate Investment 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.

Artis Real Estate Investment Trust Asset Turnover Chart

Artis Real Estate Investment Trust 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 0.09 0.09 0.09 0.08 0.08

Artis Real Estate Investment Trust 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 0.02 0.02 0.02 0.02

Competitive Comparison of Artis Real Estate Investment Trust's Asset Turnover

For the REIT - Diversified subindustry, Artis Real Estate Investment 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.


Artis Real Estate Investment Trust's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Artis Real Estate Investment Trust's Asset Turnover falls into.



Artis Real Estate Investment Trust Asset Turnover Calculation

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

Artis Real Estate Investment Trust'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 )
=335.837/( (4553.913+3735.03)/ 2 )
=335.837/4144.4715
=0.08

Artis Real Estate Investment Trust'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 )
=66.369/( (3508.147+2843.897)/ 2 )
=66.369/3176.022
=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.


Artis Real Estate Investment Trust  (TSX:AX.PR.G.PFD) Asset Turnover Explanation

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

Artis Real Estate Investment Trust's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=-46.54/1644.9645
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-46.54 / 265.476)*(265.476 / 3176.022)*(3176.022/ 1644.9645)
=Net Margin %*Asset Turnover*Equity Multiplier
=-17.53 %*0.0836*1.9308
=ROA %*Equity Multiplier
=-1.47 %*1.9308
=-2.83 %

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:

Artis Real Estate Investment Trust's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=-46.54/3176.022
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-46.54 / 265.476)*(265.476 / 3176.022)
=Net Margin %*Asset Turnover
=-17.53 %*0.0836
=-1.47 %

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.


Artis Real Estate Investment Trust Asset Turnover Related Terms

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Artis Real Estate Investment Trust Business Description

Address
220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5
Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

Artis Real Estate Investment Trust Headlines

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