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Mailbox REIT (IPSX:MBOX) Asset Turnover : 0.05 (As of Jun. 2023)


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What is Mailbox REIT Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Mailbox REIT's Revenue for the six months ended in Jun. 2023 was £8.53 Mil. Mailbox REIT's Total Assets for the quarter that ended in Jun. 2023 was £169.61 Mil. Therefore, Mailbox REIT's Asset Turnover for the quarter that ended in Jun. 2023 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Mailbox REIT's annualized ROE % for the quarter that ended in Jun. 2023 was 20.59%. It is also linked to ROA % through Du Pont Formula. Mailbox REIT's annualized ROA % for the quarter that ended in Jun. 2023 was 6.14%.


Mailbox REIT Asset Turnover Historical Data

The historical data trend for Mailbox REIT'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.

Mailbox REIT Asset Turnover Chart

Mailbox REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Asset Turnover
- 0.08 0.07 0.09

Mailbox REIT Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Asset Turnover Get a 7-Day Free Trial 0.04 0.03 0.04 0.04 0.05

Competitive Comparison of Mailbox REIT's Asset Turnover

For the REIT - Diversified subindustry, Mailbox REIT'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.


Mailbox REIT's Asset Turnover Distribution in the REITs Industry

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

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



Mailbox REIT Asset Turnover Calculation

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

Mailbox REIT's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=15.758/( (201.598+166.405)/ 2 )
=15.758/184.0015
=0.09

Mailbox REIT's Asset Turnover for the quarter that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=8.528/( (166.405+172.806)/ 2 )
=8.528/169.6055
=0.05

* 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.


Mailbox REIT  (IPSX:MBOX) Asset Turnover Explanation

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

Mailbox REIT's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=10.418/50.5855
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(10.418 / 17.056)*(17.056 / 169.6055)*(169.6055/ 50.5855)
=Net Margin %*Asset Turnover*Equity Multiplier
=61.08 %*0.1006*3.3528
=ROA %*Equity Multiplier
=6.14 %*3.3528
=20.59 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) 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:

Mailbox REIT's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=10.418/169.6055
=(Net Income / Revenue)*(Revenue / Total Assets)
=(10.418 / 17.056)*(17.056 / 169.6055)
=Net Margin %*Asset Turnover
=61.08 %*0.1006
=6.14 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) 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.


Mailbox REIT Asset Turnover Related Terms

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Mailbox REIT (IPSX:MBOX) Business Description

Traded in Other Exchanges
N/A
Address
30 Saint Mary Axe, 10th floor, London, GBR, EC3A 8BF
Mailbox REIT PLC is a single-asset real estate investment trust located in Birmingham. It provides shareholders income together with capital growth by investing in the Property. The company owns the Mailbox Property. The property provides office space, a leisure area, and retail and car parking space.