GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cohen & Steers Infrastructure Fund Inc (NYSE:UTF) » Definitions » Asset Turnover

UTF (Cohen & Steers Infrastructure Fund) Asset Turnover : 0.02 (As of Jun. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Cohen & Steers Infrastructure Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cohen & Steers Infrastructure Fund's Revenue for the six months ended in Jun. 2024 was $68.8 Mil. Cohen & Steers Infrastructure Fund's Total Assets for the quarter that ended in Jun. 2024 was $3,158.2 Mil. Therefore, Cohen & Steers Infrastructure Fund's Asset Turnover for the quarter that ended in Jun. 2024 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Cohen & Steers Infrastructure Fund's annualized ROE % for the quarter that ended in Jun. 2024 was 6.10%. It is also linked to ROA % through Du Pont Formula. Cohen & Steers Infrastructure Fund's annualized ROA % for the quarter that ended in Jun. 2024 was 4.24%.


Cohen & Steers Infrastructure Fund Asset Turnover Historical Data

The historical data trend for Cohen & Steers Infrastructure Fund'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.

Cohen & Steers Infrastructure Fund Asset Turnover Chart

Cohen & Steers Infrastructure Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.21 -0.03 0.15 -0.06 0.01

Cohen & Steers Infrastructure Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -0.05 -0.01 - 0.01 0.02

Competitive Comparison of Cohen & Steers Infrastructure Fund's Asset Turnover

For the Asset Management subindustry, Cohen & Steers Infrastructure Fund'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.


Cohen & Steers Infrastructure Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cohen & Steers Infrastructure Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Cohen & Steers Infrastructure Fund's Asset Turnover falls into.



Cohen & Steers Infrastructure Fund Asset Turnover Calculation

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

Cohen & Steers Infrastructure Fund'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 )
=34.025/( (3295.614+3167.85)/ 2 )
=34.025/3231.732
=0.01

Cohen & Steers Infrastructure Fund's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=68.825/( (3167.85+3148.592)/ 2 )
=68.825/3158.221
=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.


Cohen & Steers Infrastructure Fund  (NYSE:UTF) Asset Turnover Explanation

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

Cohen & Steers Infrastructure Fund's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=133.926/2194.4775
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(133.926 / 137.65)*(137.65 / 3158.221)*(3158.221/ 2194.4775)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.29 %*0.0436*1.4392
=ROA %*Equity Multiplier
=4.24 %*1.4392
=6.10 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:

Cohen & Steers Infrastructure Fund's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=133.926/3158.221
=(Net Income / Revenue)*(Revenue / Total Assets)
=(133.926 / 137.65)*(137.65 / 3158.221)
=Net Margin %*Asset Turnover
=97.29 %*0.0436
=4.24 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Cohen & Steers Infrastructure Fund Asset Turnover Related Terms

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


Cohen & Steers Infrastructure Fund Business Description

Traded in Other Exchanges
N/A
Address
1166 Avenue of the Americas, 30th Floor, New York, NY, USA, 10036
Cohen & Steers Infrastructure Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is total return with an emphasis on income. It invests majority of its managed assets in securities issued by infrastructure companies, which consists of utilities, pipelines, toll roads, airports, railroads, ports, telecommunications companies, and other infrastructure companies, under normal market conditions.
Executives
Jane F. Magpiong director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ramona Lynn Rogers-windsor director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Dean Junkans director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Thuy Quynh Dang officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Tyler S. Rosenlicht officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Christopher Rhine officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Gerald J. Maginnis director 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10023
Adam M Derechin director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Edward C Delk officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Robert Hamilton Steers director, officer: Chairman C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Christian Corkery officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Ward C Edward Jr director C/O COHEN & STEERS, 280 PARK AVENUE, NEW YORK NY 10017
Stephen Murphy officer: Deputy CCO 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Elaine Zaharis-nikas other: Portfolio Manager 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Margaret Mo officer: Assistant Secretary 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017