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Host Hotels & Resorts (Host Hotels & Resorts) Asset Turnover : 0.12 (As of Mar. 2024)


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What is Host Hotels & Resorts Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Host Hotels & Resorts's Revenue for the three months ended in Mar. 2024 was $1,471 Mil. Host Hotels & Resorts's Total Assets for the quarter that ended in Mar. 2024 was $12,354 Mil. Therefore, Host Hotels & Resorts's Asset Turnover for the quarter that ended in Mar. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Host Hotels & Resorts's annualized ROE % for the quarter that ended in Mar. 2024 was 16.04%. It is also linked to ROA % through Du Pont Formula. Host Hotels & Resorts's annualized ROA % for the quarter that ended in Mar. 2024 was 8.68%.


Host Hotels & Resorts Asset Turnover Historical Data

The historical data trend for Host Hotels & Resorts'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.

Host Hotels & Resorts Asset Turnover Chart

Host Hotels & Resorts 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 0.45 0.13 0.23 0.40 0.43

Host Hotels & Resorts Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.11 0.11 0.10 0.11 0.12

Competitive Comparison of Host Hotels & Resorts's Asset Turnover

For the REIT - Hotel & Motel subindustry, Host Hotels & Resorts'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.


Host Hotels & Resorts's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Host Hotels & Resorts's Asset Turnover falls into.



Host Hotels & Resorts Asset Turnover Calculation

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

Host Hotels & Resorts'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 )
=5311/( (12269+12243)/ 2 )
=5311/12256
=0.43

Host Hotels & Resorts's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1471/( (12243+12464)/ 2 )
=1471/12353.5
=0.12

* 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.


Host Hotels & Resorts  (NAS:HST) Asset Turnover Explanation

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

Host Hotels & Resorts's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=1072/6684.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1072 / 5884)*(5884 / 12353.5)*(12353.5/ 6684.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.22 %*0.4763*1.8481
=ROA %*Equity Multiplier
=8.68 %*1.8481
=16.04 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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:

Host Hotels & Resorts's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=1072/12353.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1072 / 5884)*(5884 / 12353.5)
=Net Margin %*Asset Turnover
=18.22 %*0.4763
=8.68 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.


Host Hotels & Resorts Asset Turnover Related Terms

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


Host Hotels & Resorts (Host Hotels & Resorts) Business Description

Traded in Other Exchanges
Address
4747 Bethesda Avenue, Suite 1300, Bethesda, MD, USA, 20814
Host Hotels & Resorts owns 77 predominantly urban and resort upper-upscale and luxury hotel properties representing nearly 42,000 rooms, mainly in the United States. Host recently sold off the company's interests in a joint venture owning a portfolio of hotels throughout Europe and also sold other joint ventures that owned properties in Asia and the United States. The majority of Host's portfolio operates under the Marriott and Starwood brands.
Executives
Sourav Ghosh officer: SVP, Business Intelligence, other: SVP, Business Intelligence 6903 ROCKLEDGE DRIVE, 15TH FLOOR, BETHESDA MD 20817
Nathan S Tyrrell officer: VP, Corp Finance & Asst Treas. 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
James F Risoleo officer: Executive Vice President
Mary Baglivo director C/O SAATCHI & SAATCHI, 17 HUDSON STREET, NEW YORK NY 10014
Walter C Rakowich director 14100 E 35TH PL, AURORA CO 80011
Mari Sifo officer: Executive Vice President and 4747 BETHESDA AVENUE, SUITE 1300, BETHESDA MD 20814
Diana Laing director THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Herman E Bulls director JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
Joanne G. Hamilton officer: Executive Vice President 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Joseph Ottinger officer: See Remarks 4747 BETHESDA AVENUE, 13TH FLOOR, BETHESDA MD 20814
Brian G Macnamara officer: Sr. Vice President, Controller 6903 ROCKLEDGE DRIVE, 15TH FLOOR, BETHESDA MD 20817
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Richard E Marriott director, officer: Chairman of the Board 10400 FERNWOOD ROAD, BETHESDA MD 20817
Julie P Aslaksen officer: EVP, General Counsel & Sec. 4747 BETHESDA AVENUE, SUITE 1300, BETHESDA MD 20814
Michael E Lentz officer: Mng. Dir. - Global Development, other: Mng. Dir. - Global Development 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817