GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Scully Royalty Ltd (NYSE:SRL) » Definitions » Asset Turnover

Scully Royalty (Scully Royalty) Asset Turnover : 0.06 (As of Jun. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Scully Royalty Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Scully Royalty's Revenue for the six months ended in Jun. 2023 was $19.95 Mil. Scully Royalty's Total Assets for the quarter that ended in Jun. 2023 was $345.31 Mil. Therefore, Scully Royalty's Asset Turnover for the quarter that ended in Jun. 2023 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Scully Royalty's annualized ROE % for the quarter that ended in Jun. 2023 was 0.56%. It is also linked to ROA % through Du Pont Formula. Scully Royalty's annualized ROA % for the quarter that ended in Jun. 2023 was 0.39%.


Scully Royalty Asset Turnover Historical Data

The historical data trend for Scully Royalty'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.

Scully Royalty Asset Turnover Chart

Scully Royalty Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.23 0.12 0.14 0.13

Scully Royalty Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 0.09 0.05 0.07 0.06 0.06

Competitive Comparison of Scully Royalty's Asset Turnover

For the Capital Markets subindustry, Scully Royalty'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.


Scully Royalty's Asset Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Scully Royalty's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Scully Royalty's Asset Turnover falls into.



Scully Royalty Asset Turnover Calculation

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

Scully Royalty'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 )
=46.882/( (398.411+350.001)/ 2 )
=46.882/374.206
=0.13

Scully Royalty'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 )
=19.95/( (350.001+340.609)/ 2 )
=19.95/345.305
=0.06

* 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.


Scully Royalty  (NYSE:SRL) Asset Turnover Explanation

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

Scully Royalty's annulized ROE % for the quarter that ended in Jun. 2023 is

ROE %**(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=1.34/240.329
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.34 / 39.9)*(39.9 / 345.305)*(345.305/ 240.329)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.36 %*0.1156*1.4368
=ROA %*Equity Multiplier
=0.39 %*1.4368
=0.56 %

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:

Scully Royalty's annulized ROA % for the quarter that ended in Jun. 2023 is

ROA %(Q: Jun. 2023 )
=Net Income/Total Assets
=1.34/345.305
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.34 / 39.9)*(39.9 / 345.305)
=Net Margin %*Asset Turnover
=3.36 %*0.1156
=0.39 %

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.


Scully Royalty Asset Turnover Related Terms

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


Scully Royalty (Scully Royalty) Business Description

Traded in Other Exchanges
Address
2299 Yan An Road West, Room 2103 Shanghai Mart Tower, Changning District, Shanghai, CHN, 200336
Scully Royalty Ltd is a royalty-based company that maximizes earnings upon its iron ore royalty interest. The company's business segments include Royalty, which includes an interest in an iron ore mine; Industrial, which includes projects in resources and services; Merchant Banking, which comprises regulated merchant banking activities. The majority of the revenue is generated from the Royalty segment. The company's geographical segments include Canada, Africa, America, Asia, and Europe, out of which Canada accounts for the majority of the revenue.
Executives
Stefan Feuerstein director BERLIN CHARLOTTEN STR 59, GERMANY D-1017 2M 00000

Scully Royalty (Scully Royalty) Headlines

From GuruFocus

Scully Royalty Ltd. announces semi-annual report

By PRNewswire PRNewswire 01-01-2020

Top 5 Investment Ideas For 2020

By Bram de Haas Bram de Haas 01-07-2020

MFC Bancorp Ltd. Provides Update On Corporate Actions

By PRNewswire PRNewswire 06-01-2019

MFC Releases Results For The Year 2017 On Form 20-F

By PRNewswire PRNewswire 04-11-2018

Scully Royalty Ltd. announces clarification of ex-dividend date

By PRNewswire PRNewswire 02-14-2022

Scully Releases First Half-Year Results

By PRNewswire PRNewswire 12-23-2020

Value Idea Contest Update: July

By Holly LaFon Holly LaFon 07-31-2019

Millipore Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 05-12-2010