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Ocean Shore Holding Co (Ocean Shore Holding Co) Asset Turnover : 0.01 (As of Sep. 2016)


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What is Ocean Shore Holding Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ocean Shore Holding Co's Revenue for the three months ended in Sep. 2016 was $8.32 Mil. Ocean Shore Holding Co's Total Assets for the quarter that ended in Sep. 2016 was $1,069.86 Mil. Therefore, Ocean Shore Holding Co's Asset Turnover for the quarter that ended in Sep. 2016 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Ocean Shore Holding Co's annualized ROE % for the quarter that ended in Sep. 2016 was 5.82%. It is also linked to ROA % through Du Pont Formula. Ocean Shore Holding Co's annualized ROA % for the quarter that ended in Sep. 2016 was 0.64%.


Ocean Shore Holding Co Asset Turnover Historical Data

The historical data trend for Ocean Shore Holding Co'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.

Ocean Shore Holding Co Asset Turnover Chart

Ocean Shore Holding Co Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 0.03 0.03

Ocean Shore Holding Co Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 Ocean Shore Holding Co's Asset Turnover

For the Banks - Regional subindustry, Ocean Shore Holding Co'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.


Ocean Shore Holding Co's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ocean Shore Holding Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Ocean Shore Holding Co's Asset Turnover falls into.



Ocean Shore Holding Co Asset Turnover Calculation

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

Ocean Shore Holding Co's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=32.844/( (1024.754+1043.379)/ 2 )
=32.844/1034.0665
=0.03

Ocean Shore Holding Co's Asset Turnover for the quarter that ended in Sep. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Sep. 2016 ))/ count )
=8.324/( (1042.835+1096.875)/ 2 )
=8.324/1069.855
=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.


Ocean Shore Holding Co  (NAS:OSHC) Asset Turnover Explanation

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

Ocean Shore Holding Co's annulized ROE % for the quarter that ended in Sep. 2016 is

ROE %**(Q: Sep. 2016 )
=Net Income/Total Stockholders Equity
=6.804/116.946
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.804 / 33.296)*(33.296 / 1069.855)*(1069.855/ 116.946)
=Net Margin %*Asset Turnover*Equity Multiplier
=20.43 %*0.0311*9.1483
=ROA %*Equity Multiplier
=0.64 %*9.1483
=5.82 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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:

Ocean Shore Holding Co's annulized ROA % for the quarter that ended in Sep. 2016 is

ROA %(Q: Sep. 2016 )
=Net Income/Total Assets
=6.804/1069.855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(6.804 / 33.296)*(33.296 / 1069.855)
=Net Margin %*Asset Turnover
=20.43 %*0.0311
=0.64 %

Note: The Net Income data used here is four times the quarterly (Sep. 2016) net income data. The Revenue data used here is four times the quarterly (Sep. 2016) 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.


Ocean Shore Holding Co Asset Turnover Related Terms

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


Ocean Shore Holding Co (Ocean Shore Holding Co) Business Description

Traded in Other Exchanges
N/A
Address
Ocean Shore Holding Co was established in 1887. It is the holding company for Ocean City Home Bank. The Company is engaged in the business of directing, planning, and coordinating the business activities of the Bank. Ocean City Home Bank is a federally chartered savings bank. It operates as a community-oriented financial institution offering a range of financial services to consumers and businesses in its market area. It attracts deposits from the general public, small businesses and municipalities and uses those funds to originate a variety of consumer and commercial loans, which the Company holds for investment. Its lending activities include One- to Four-Family Residential Loans; Commercial and Multi-Family; Construction Loans; Commercial Loans; and Consumer Loans. It has legal authority to invest in various types of liquid assets, including U.S. Treasury obligations, securities of various federal agencies and of state and municipal governments, mortgage-backed securities and certificates of deposit of federally insured institutions. Its products include residential mortgage loans, commercial loans and mortgages, and home equity and other consumer loans. The Company competes with insurance companies, securities companies and specialty finance companies such as Bank of America, PNC Bank, Wells Fargo & Company, and TD Bank.
Executives
Samuel Young director C/O OCEAN SHORE HOLDING CO, 1001 ASBURY AVENUE, OCEAN CITY NJ 08226
Steven E Brady director, officer: Pres. & Chief Exec. Officer C/O OCEAN SHORE HOLDING CO, 1001 ASBURY AVENUE, OCEAN CITY NJ 08226
Dorothy Mccrosson director 1001 ASBURY AVENUE, OCEAN CITY NJ 08226

Ocean Shore Holding Co (Ocean Shore Holding Co) Headlines