GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UDR Inc (NYSE:UDR) » Definitions » Asset Turnover

UDR (UDR) Asset Turnover : 0.04 (As of Sep. 2024)


View and export this data going back to 1990. Start your Free Trial

What is UDR Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. UDR's Revenue for the three months ended in Sep. 2024 was $420 Mil. UDR's Total Assets for the quarter that ended in Sep. 2024 was $11,099 Mil. Therefore, UDR's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. UDR's annualized ROE % for the quarter that ended in Sep. 2024 was 2.50%. It is also linked to ROA % through Du Pont Formula. UDR's annualized ROA % for the quarter that ended in Sep. 2024 was 0.81%.


UDR Asset Turnover Historical Data

The historical data trend for UDR'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.

UDR Asset Turnover Chart

UDR 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 0.13 0.13 0.13 0.14 0.15

UDR 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 0.04 0.04 0.04 0.04 0.04

Competitive Comparison of UDR's Asset Turnover

For the REIT - Residential subindustry, UDR'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.


UDR's Asset Turnover Distribution in the REITs Industry

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

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



UDR Asset Turnover Calculation

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

UDR'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 )
=1627.501/( (11038.47+11373.242)/ 2 )
=1627.501/11205.856
=0.15

UDR'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 )
=420.16/( (11117.805+11079.764)/ 2 )
=420.16/11098.7845
=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.


UDR  (NYSE:UDR) Asset Turnover Explanation

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

UDR's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=90.388/3618.0545
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(90.388 / 1680.64)*(1680.64 / 11098.7845)*(11098.7845/ 3618.0545)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.38 %*0.1514*3.0676
=ROA %*Equity Multiplier
=0.81 %*3.0676
=2.50 %

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:

UDR's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=90.388/11098.7845
=(Net Income / Revenue)*(Revenue / Total Assets)
=(90.388 / 1680.64)*(1680.64 / 11098.7845)
=Net Margin %*Asset Turnover
=5.38 %*0.1514
=0.81 %

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.


UDR Asset Turnover Related Terms

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


UDR Business Description

Traded in Other Exchanges
Address
1745 Shea Center Drive, Suite 200, Highlands Ranch, CO, USA, 80129
UDR Inc is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. It generates key revenue from Same-Store Communities.
Executives
Thomas W Toomey director, officer: Chief Executive Officer
Michael D Lacy officer: SVP-Property Operations 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Patricia Sciutto Doerr officer: SVP-Chief ESG/People Officer 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Kevin C Nickelberry director 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Harry G Alcock officer: SVP-Asset Management 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Jerry A Davis officer: SVP-Chief Operating Officer 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Clinton D Mcdonnough director 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Tracy L Hofmeister officer: VP-Accounting 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Joseph D Fisher officer: SVP-Chief Financial Officer 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Diane M Morefield director 200 W. MADISON STREET, SUITE 1700, CHICAGO IL 60606
Matthew A Cozad officer: SVP-Corp Serv and Innovation 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Warren L Troupe officer: Sr Exec VP & General Counsel 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
James D Klingbeil director
Lynne B Sagalyn director
Jon A Grove director

UDR Headlines