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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Urban Edge Properties's Revenue for the three months ended in Sep. 2024 was $112.4 Mil. Urban Edge Properties's Total Assets for the quarter that ended in Sep. 2024 was $3,223.7 Mil. Therefore, Urban Edge Properties's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.
Asset Turnover is linked to ROE % through Du Pont Formula. Urban Edge Properties's annualized ROE % for the quarter that ended in Sep. 2024 was 2.98%. It is also linked to ROA % through Du Pont Formula. Urban Edge Properties's annualized ROA % for the quarter that ended in Sep. 2024 was 1.13%.
The historical data trend for Urban Edge Properties'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.
Urban Edge Properties Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.14 | 0.11 | 0.14 | 0.13 | 0.13 |
Urban Edge Properties 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 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 |
For the REIT - Retail subindustry, Urban Edge Properties'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.
For the REITs industry and Real Estate sector, Urban Edge Properties's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Urban Edge Properties's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Urban Edge Properties'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 ) |
= | 416.922 | / | ( (2977.432 | + | 3279.809) | / 2 ) |
= | 416.922 | / | 3128.6205 | |||
= | 0.13 |
Urban Edge Properties'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 ) |
= | 112.427 | / | ( (3235.696 | + | 3211.718) | / 2 ) |
= | 112.427 | / | 3223.707 | |||
= | 0.03 |
* 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.
Urban Edge Properties (NYSE:UE) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Urban Edge Properties's annulized ROE % for the quarter that ended in Sep. 2024 is
ROE %** | (Q: Sep. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 36.32 | / | 1219.204 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (36.32 / 449.708) | * | (449.708 / 3223.707) | * | (3223.707/ 1219.204) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 8.08 % | * | 0.1395 | * | 2.6441 |
= | ROA % | * | Equity Multiplier | ||
= | 1.13 % | * | 2.6441 | ||
= | 2.98 % |
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:
Urban Edge Properties's annulized ROA % for the quarter that ended in Sep. 2024 is
ROA % | (Q: Sep. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 36.32 | / | 3223.707 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (36.32 / 449.708) | * | (449.708 / 3223.707) |
= | Net Margin % | * | Asset Turnover |
= | 8.08 % | * | 0.1395 |
= | 1.13 % |
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.
Thank you for viewing the detailed overview of Urban Edge Properties's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Langer | officer: Chief Financial Officer | 1600 NE MIAMI GARDENS DRIVE, NORTH MIAMI BEACH FL 33179 |
Milton Robert C. Iii | officer: General Counsel and Secretary | C/O CIFC CORP., 250 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10177 |
Catherine Rice | director | 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255 |
Jeffrey Mooallem | officer: Chief Operating Officer | 3 SERRAMONTE CENTER, DALY CITY CA 94015 |
Andrea Rosenthal Drazin | officer: Chief Accounting Officer | 849 BRADFORD AVENUE, WESTFIELD NJ 07090 |
Katherine M Sandstrom | director | 4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237 |
Mary Baglivo | director | C/O SAATCHI & SAATCHI, 17 HUDSON STREET, NEW YORK NY 10014 |
Norman K. Jenkins | director | 9211 GLADYS FARM WAY, GAITHERSBURG MD 20882 |
Susan Givens | director | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Herbert Eilberg | officer: Chief Investment Officer | C/O URBAN EDGE PROPERTIES, 888 7TH AVENUE, 6TH FLOOR, NEW YORK NY 10019 |
Vita Danielle De | officer: EVP of Development | 45 WOOTTON ROAD, ESSEX FELLS NJ 07021 |
Douglas William Sesler | director | 54 NORTHWAY, BRONXVILLE NY 10708 |
Steven Roth | director | |
Briggs Donald Ten Eyck | officer: President of Development | 78 BLANCHARD RD., BURLINGTON MA 01803 |
Christopher Weilminster | officer: Chief Operating Officer | C/O URBAN EDGE PROPERTIES, 888 7TH AVENUE, 6TH FLOOR, NEW YORK NY 10019 |
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