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Sunstone Hotel Investors (Sunstone Hotel Investors) Asset Turnover : 0.07 (As of Dec. 2023)


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What is Sunstone Hotel Investors Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sunstone Hotel Investors's Revenue for the three months ended in Dec. 2023 was $219.2 Mil. Sunstone Hotel Investors's Total Assets for the quarter that ended in Dec. 2023 was $3,119.1 Mil. Therefore, Sunstone Hotel Investors's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Sunstone Hotel Investors's annualized ROE % for the quarter that ended in Dec. 2023 was 23.88%. It is also linked to ROA % through Du Pont Formula. Sunstone Hotel Investors's annualized ROA % for the quarter that ended in Dec. 2023 was 16.28%.


Sunstone Hotel Investors Asset Turnover Historical Data

The historical data trend for Sunstone Hotel Investors'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.

Sunstone Hotel Investors Asset Turnover Chart

Sunstone Hotel Investors 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 0.28 0.08 0.17 0.30 0.32

Sunstone Hotel Investors Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.08 0.08 0.09 0.08 0.07

Competitive Comparison of Sunstone Hotel Investors's Asset Turnover

For the REIT - Hotel & Motel subindustry, Sunstone Hotel Investors'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.


Sunstone Hotel Investors's Asset Turnover Distribution in the REITs Industry

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

* The bar in red indicates where Sunstone Hotel Investors's Asset Turnover falls into.



Sunstone Hotel Investors Asset Turnover Calculation

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

Sunstone Hotel Investors'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 )
=986.48/( (3082.817+3149.321)/ 2 )
=986.48/3116.069
=0.32

Sunstone Hotel Investors's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=219.225/( (3088.829+3149.321)/ 2 )
=219.225/3119.075
=0.07

* 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.


Sunstone Hotel Investors  (NYSE:SHO) Asset Turnover Explanation

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

Sunstone Hotel Investors's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=507.94/2127.1615
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(507.94 / 876.9)*(876.9 / 3119.075)*(3119.075/ 2127.1615)
=Net Margin %*Asset Turnover*Equity Multiplier
=57.92 %*0.2811*1.4663
=ROA %*Equity Multiplier
=16.28 %*1.4663
=23.88 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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:

Sunstone Hotel Investors's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=507.94/3119.075
=(Net Income / Revenue)*(Revenue / Total Assets)
=(507.94 / 876.9)*(876.9 / 3119.075)
=Net Margin %*Asset Turnover
=57.92 %*0.2811
=16.28 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


Sunstone Hotel Investors Asset Turnover Related Terms

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


Sunstone Hotel Investors (Sunstone Hotel Investors) Business Description

Traded in Other Exchanges
Address
15 Enterprise, Suite 200, Aliso Viejo, CA, USA, 92656
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. The firm's portfolio consists primarily of urban, upper-upscale hotels. The vast majority of these hotels are managed under Marriott, Hilton, Fairmont, and Sheraton brands. Regionally, the company's assets are located in its California, Other West, Midwest, and East geographical segments within the U.S. The majority of the company's revenue is derived from its Eastern operations, closely followed by its Californian operations. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.
Executives
Robert C Springer officer: SVP - Acquisitions 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Aaron Robert Reyes officer: Chief Financial Officer 200 SPECTRUM CENTER DRIVE, 21ST FLOOR, IRVINE CA 92618
Douglas M Pasquale director 245 FICHER AVE STE D-1, COSTA MESA CA 92626
David M Klein officer: SVP - General Counsel 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Verett Ann Mims director 15 ENTERPRISE, SUITE 200, ALISO VIEJO CA 92656
Kristina M Leslie director DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201
Keith P Russell director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Christopher Gerard Ostapovicz officer: Chief Operating Officer 200 SPECTRUM CENTER DRIVE, 21ST FLOOR, IRVINE CA 92618
Marc Andrew Hoffman officer: EVP - Chief Operating Officer 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
W Blake Baird director 1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Monica S Digilio director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Murray J. Mccabe director 1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
John V Arabia officer: Executive Vice President - CFO 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Bryan Albert Giglia officer: SVP - Chief Financial Officer 200 SPECTRUM CENTER DRIVE, 21ST FLOOR, IRVINE CA 92618
Thomas A Lewis director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618