GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Capital Bancorp Inc (NAS:FCVA) » Definitions » Asset Turnover

First Capital Bancorp (First Capital Bancorp) Asset Turnover : 0.01 (As of Sep. 2015)


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

What is First Capital Bancorp Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. First Capital Bancorp's Revenue for the three months ended in Sep. 2015 was $5.84 Mil. First Capital Bancorp's Total Assets for the quarter that ended in Sep. 2015 was $620.05 Mil. Therefore, First Capital Bancorp's Asset Turnover for the quarter that ended in Sep. 2015 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. First Capital Bancorp's annualized ROE % for the quarter that ended in Sep. 2015 was 9.72%. It is also linked to ROA % through Du Pont Formula. First Capital Bancorp's annualized ROA % for the quarter that ended in Sep. 2015 was 0.83%.


First Capital Bancorp Asset Turnover Historical Data

The historical data trend for First Capital Bancorp'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.

First Capital Bancorp Asset Turnover Chart

First Capital Bancorp Annual Data
Trend Dec04 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 0.04 0.04

First Capital Bancorp Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of First Capital Bancorp's Asset Turnover

For the Banks - Regional subindustry, First Capital Bancorp'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.


First Capital Bancorp's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Capital Bancorp's Asset Turnover distribution charts can be found below:

* The bar in red indicates where First Capital Bancorp's Asset Turnover falls into.



First Capital Bancorp Asset Turnover Calculation

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

First Capital Bancorp's Asset Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2014 )/( (Total Assets (A: Dec. 2013 )+Total Assets (A: Dec. 2014 ))/ count )
=21.186/( (547.885+598.538)/ 2 )
=21.186/573.2115
=0.04

First Capital Bancorp's Asset Turnover for the quarter that ended in Sep. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2015 )/( (Total Assets (Q: Jun. 2015 )+Total Assets (Q: Sep. 2015 ))/ count )
=5.835/( (616.852+623.253)/ 2 )
=5.835/620.0525
=0.01

* 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.


First Capital Bancorp  (NAS:FCVA) Asset Turnover Explanation

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

First Capital Bancorp's annulized ROE % for the quarter that ended in Sep. 2015 is

ROE %**(Q: Sep. 2015 )
=Net Income/Total Stockholders Equity
=5.116/52.6075
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.116 / 23.34)*(23.34 / 620.0525)*(620.0525/ 52.6075)
=Net Margin %*Asset Turnover*Equity Multiplier
=21.92 %*0.0376*11.7864
=ROA %*Equity Multiplier
=0.83 %*11.7864
=9.72 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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:

First Capital Bancorp's annulized ROA % for the quarter that ended in Sep. 2015 is

ROA %(Q: Sep. 2015 )
=Net Income/Total Assets
=5.116/620.0525
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.116 / 23.34)*(23.34 / 620.0525)
=Net Margin %*Asset Turnover
=21.92 %*0.0376
=0.83 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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.


First Capital Bancorp Asset Turnover Related Terms

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


First Capital Bancorp (First Capital Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
First Capital Bancorp Inc was incorporated under Virginia law in 2006. The Company is a bank holding company and conducts its operations through its wholly-owned subsidiary, First Capital Bank. The Bank is a community oriented financial institution that offers a range of banking and related financial services to small and medium-sized businesses, professionals and individuals located in its market area, which consists of the Richmond, Virginia metropolitan area, with a current emphasis on western Henrico County, Chesterfield County, the City of Richmond, the Town of Ashland, and the surrounding vicinity. It offers a range of deposit services including checking accounts, NOW accounts, savings accounts and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. The transaction accounts and time certificates are tailored to its market area at rates competitive to those offered in the area. In addition, it offers certain retirement account services, such as Individual Retirement Accounts, or IRAs. The Bank also offers a range of short-to-medium term commercial and consumer loans. Commercial loans include both secured and unsecured loans for working capital, including inventory and receivables; business expansion, including acquisition of real estate and improvements; and purchase of equipment and machinery; Consumer loans include secured and unsecured loans for financing automobiles, home improvements, education and personal investments. It originates fixed and floating-rate mortgage and real estate construction and acquisition loans. Other services it offers include safe deposit boxes, certain cash management services, traveler's checks, direct deposit of payroll and social security checks and automatic drafts for various accounts, selected on-line banking services and a small and medium-sized businesses courier service. The Company competes with other commercial banks, savings and loan associations, credit unions, mortgage banking firms, consumer finance companies, securities brokerage firms, insurance companies, money market mutual funds and other financial institutions operating in the Richmond metropolitan area and elsewhere. As a bank holding company, the Company is subject to regulation under the Bank Holding Company Act of 1956, as amended, and the examination and reporting requirements of the Board of Governors of the Federal Reserve System.
Executives
Kenneth R Lehman director, 10 percent owner 122 N GORDON ROAD, FT LAUDERDALE FL 33301
John M Presley director, officer: Managing Director 770 NORTH WATER STREET, ATTENTION: CORPORATE SECRETARIES DEPT., MILWAUKEE WI 53202
Gary L. Armstrong officer: Executive Vice President P.O.BOX 1869 KILMARNOCK VA 22482
Katherine K Wagner officer: Senior Vice President 2231 CASTLEBRIDGE ROAD, MIDLOTHIAN VA 23113
Jay M Weinberg director C/O MARKEL CORPORATION, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060

First Capital Bancorp (First Capital Bancorp) Headlines

No Headlines