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Star Holdings (Star Holdings) Asset Turnover : 0.03 (As of Mar. 2024)


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What is Star Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Star Holdings's Revenue for the three months ended in Mar. 2024 was $20.5 Mil. Star Holdings's Total Assets for the quarter that ended in Mar. 2024 was $646.1 Mil. Therefore, Star Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Star Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was -50.63%. It is also linked to ROA % through Du Pont Formula. Star Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -30.33%.


Star Holdings Asset Turnover Historical Data

The historical data trend for Star Holdings'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.

Star Holdings Asset Turnover Chart

Star Holdings Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
- 0.10 0.12

Star Holdings Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.03 0.04 0.08 0.03

Competitive Comparison of Star Holdings's Asset Turnover

For the Real Estate Services subindustry, Star Holdings'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.


Star Holdings's Asset Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Star Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Star Holdings's Asset Turnover falls into.



Star Holdings Asset Turnover Calculation

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

Star Holdings'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 )
=101.173/( (1005.371+669.197)/ 2 )
=101.173/837.284
=0.12

Star Holdings'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 )
=20.496/( (669.197+622.905)/ 2 )
=20.496/646.051
=0.03

* 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.


Star Holdings  (NAS:STHO) Asset Turnover Explanation

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

Star Holdings's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-195.924/386.987
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-195.924 / 81.984)*(81.984 / 646.051)*(646.051/ 386.987)
=Net Margin %*Asset Turnover*Equity Multiplier
=-238.98 %*0.1269*1.6694
=ROA %*Equity Multiplier
=-30.33 %*1.6694
=-50.63 %

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:

Star Holdings's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-195.924/646.051
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-195.924 / 81.984)*(81.984 / 646.051)
=Net Margin %*Asset Turnover
=-238.98 %*0.1269
=-30.33 %

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.


Star Holdings Asset Turnover Related Terms

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Star Holdings (Star Holdings) Business Description

Traded in Other Exchanges
Address
1114 Avenue of the Americas,, 39th Floor, New York, NY, USA, 10036
Star Holdings engages in non-ground lease-related businesses, including real estate finance, operating properties, and land and development. Its portfolio is comprised primarily of its interests in Asbury and Magnolia Green residential development projects, a portfolio of commercial real estate properties, and loans that are being marketed for sale. It focuses on realizing value for shareholders from the legacy portfolio primarily by maximizing cash flows through active asset management and asset sales.
Executives
Brett Asnas officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Garett Rosenblum officer: CHIEF ACCOUNTING OFFICER C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Marcos Alvarado officer: Vice President 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Richard J Lieb director, other: Member of Board of Trustees C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Clifford Desouza director, other: Member of Board of Trustees C/O ISTAR, 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Nina Matis director, other: Member of Board of Trustees 1114 AVENUE OF THE AMERICAS, 12TH FL, NEW YORK NY 10036
Jay Sugarman director, officer: President, other: Member of Board of Trustees 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Istar Inc. 10 percent owner 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036

Star Holdings (Star Holdings) Headlines

From GuruFocus

Star Holdings Reports First Quarter 2023 Results

By PRNewswire PRNewswire 05-11-2023