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Folsom Lake Bank Ca (Folsom Lake Bank Ca) Asset Turnover : 0.02 (As of Sep. 2007)


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What is Folsom Lake Bank Ca Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Folsom Lake Bank Ca's Revenue for the three months ended in Sep. 2007 was $0.45 Mil. Folsom Lake Bank Ca's Total Assets for the quarter that ended in Sep. 2007 was $22.07 Mil. Therefore, Folsom Lake Bank Ca's Asset Turnover for the quarter that ended in Sep. 2007 was 0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Folsom Lake Bank Ca's annualized ROE % for the quarter that ended in Sep. 2007 was -23.24%. It is also linked to ROA % through Du Pont Formula. Folsom Lake Bank Ca's annualized ROA % for the quarter that ended in Sep. 2007 was -15.32%.


Folsom Lake Bank Ca Asset Turnover Historical Data

The historical data trend for Folsom Lake Bank Ca'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.

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Folsom Lake Bank Ca Asset Turnover Chart

Folsom Lake Bank Ca Annual Data
Trend
Asset Turnover

Folsom Lake Bank Ca Quarterly Data
Jun07 Sep07
Asset Turnover 0.01 0.02

Competitive Comparison of Folsom Lake Bank Ca's Asset Turnover

For the Banks - Regional subindustry, Folsom Lake Bank Ca'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.


Folsom Lake Bank Ca's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Folsom Lake Bank Ca's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Folsom Lake Bank Ca's Asset Turnover falls into.



Folsom Lake Bank Ca Asset Turnover Calculation

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

Folsom Lake Bank Ca's Asset Turnover for the fiscal year that ended in . 20 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: . 20 )/( (Total Assets (A: . 20 )+Total Assets (A: . 20 ))/ count )
=/( (+)/ )
=/
=

Folsom Lake Bank Ca's Asset Turnover for the quarter that ended in Sep. 2007 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2007 )/( (Total Assets (Q: Jun. 2007 )+Total Assets (Q: Sep. 2007 ))/ count )
=0.445/( (19.416+24.714)/ 2 )
=0.445/22.065
=0.02

* 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.


Folsom Lake Bank Ca  (OTCPK:FOLB) Asset Turnover Explanation

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

Folsom Lake Bank Ca's annulized ROE % for the quarter that ended in Sep. 2007 is

ROE %**(Q: Sep. 2007 )
=Net Income/Total Stockholders Equity
=-3.38/14.547
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.38 / 1.78)*(1.78 / 22.065)*(22.065/ 14.547)
=Net Margin %*Asset Turnover*Equity Multiplier
=-189.89 %*0.0807*1.5168
=ROA %*Equity Multiplier
=-15.32 %*1.5168
=-23.24 %

Note: The Net Income data used here is four times the quarterly (Sep. 2007) net income data. The Revenue data used here is four times the quarterly (Sep. 2007) 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:

Folsom Lake Bank Ca's annulized ROA % for the quarter that ended in Sep. 2007 is

ROA %(Q: Sep. 2007 )
=Net Income/Total Assets
=-3.38/22.065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.38 / 1.78)*(1.78 / 22.065)
=Net Margin %*Asset Turnover
=-189.89 %*0.0807
=-15.32 %

Note: The Net Income data used here is four times the quarterly (Sep. 2007) net income data. The Revenue data used here is four times the quarterly (Sep. 2007) 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.


Folsom Lake Bank Ca Asset Turnover Related Terms

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Folsom Lake Bank Ca (Folsom Lake Bank Ca) Business Description

Traded in Other Exchanges
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Address
Folsom Lake Bank opened its doors for the first time on April 3, 2007. Folsom Lake Bank is a full service commercial bank offering a complete range of services to consumers and businesses. The bank focuses on small business clients, professionals and individuals in the communities surrounding Folsom Lake. The bank has a full service ATM located in the courtyard along with a merchant depository for after hours deposits. Folsom Lake Bank also offers online banking and bill pay completely free of charge. Because the bank is new, it utilizes the most current products and the latest technology.

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