Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. STORE Capital's Revenue for the
three
months ended in Sep. 2022 was $230.6 Mil. STORE Capital's Total Assets for the quarter that ended in Sep. 2022 was $10,416.2 Mil. Therefore, STORE Capital's Asset Turnover for the quarter that ended in Sep. 2022 was 0.02.
Asset Turnover is linked to ROE % through Du Pont Formula. STORE Capital's annualizedROE % for the quarter that ended in Sep. 2022 was 5.13%. It is also linked to ROA % through Du Pont Formula. STORE Capital's annualizedROA % for the quarter that ended in Sep. 2022 was 2.63%.
STORE Capital Asset Turnover Historical Data
The historical data trend for STORE Capital'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.
Competitive Comparison of STORE Capital's Asset Turnover
For the REIT - Diversified subindustry, STORE Capital'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.
STORE Capital's Asset Turnover Distribution in the REITs Industry
For the REITs industry and Real Estate sector, STORE Capital's Asset Turnover distribution charts can be found below:
* The bar in red indicates where STORE Capital's Asset Turnover falls into.
STORE Capital Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
STORE Capital's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
STORE Capital (NYSE:STOR) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
STORE Capital's annulizedROE % for the quarter that ended in Sep. 2022 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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:
STORE Capital's annulizedROA % for the quarter that ended in Sep. 2022 is
Note:
The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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.
STORE Capital Asset Turnover Related Terms
Thank you for viewing the detailed overview of STORE Capital's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
STORE Capital (STORE Capital) Business Description
STORE Capital Corp is a real estate investment trust involved in the acquisition and management of single tenant operation real estate, or STORE, properties across the U.S. STORE Capital primarily leases facilities at which a company operates its business and generates sales to middle-market and large businesses through long-term agreements. Most of STORE's revenue comes from its service sector customers, which include, notably, restaurants, movie theaters, health clubs, early childhood education centers, and furniture stores. A sizable percentage of STORE's total real estate portfolio is comprised of the restaurant and industrial locations. Specifically, properties in Texas, Illinois, and Georgia make up a large amount of STORE's investments as well.
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