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River Valley Bancorp (River Valley Bancorp) Asset Turnover : 0.01 (As of Sep. 2015)


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What is River Valley 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. River Valley Bancorp's Revenue for the three months ended in Sep. 2015 was $5.23 Mil. River Valley Bancorp's Total Assets for the quarter that ended in Sep. 2015 was $516.89 Mil. Therefore, River Valley 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. River Valley Bancorp's annualized ROE % for the quarter that ended in Sep. 2015 was 9.40%. It is also linked to ROA % through Du Pont Formula. River Valley Bancorp's annualized ROA % for the quarter that ended in Sep. 2015 was 1.00%.


River Valley Bancorp Asset Turnover Historical Data

The historical data trend for River Valley 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.

River Valley Bancorp Asset Turnover Chart

River Valley Bancorp 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 0.04 0.04 0.04 0.04 0.04

River Valley Bancorp Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 River Valley Bancorp's Asset Turnover

For the Banks - Regional subindustry, River Valley 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.


River Valley Bancorp's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where River Valley Bancorp's Asset Turnover falls into.



River Valley Bancorp Asset Turnover Calculation

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

River Valley 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 )
=20.457/( (482.837+509.475)/ 2 )
=20.457/496.156
=0.04

River Valley 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 )
=5.234/( (520.075+513.702)/ 2 )
=5.234/516.8885
=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.


River Valley Bancorp  (NAS:RIVR) Asset Turnover Explanation

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

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

ROE %**(Q: Sep. 2015 )
=Net Income/Total Stockholders Equity
=5.148/54.764
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.148 / 20.936)*(20.936 / 516.8885)*(516.8885/ 54.764)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.59 %*0.0405*9.4385
=ROA %*Equity Multiplier
=1.00 %*9.4385
=9.40 %

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:

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

ROA %(Q: Sep. 2015 )
=Net Income/Total Assets
=5.148/516.8885
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.148 / 20.936)*(20.936 / 516.8885)
=Net Margin %*Asset Turnover
=24.59 %*0.0405
=1.00 %

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.


River Valley Bancorp Asset Turnover Related Terms

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


River Valley Bancorp (River Valley Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
River Valley Bancorp, an Indiana corporation, was formed in 1996. The activities of the holding company have been limited mainly to holding the stock of River Valley Financial, which was organized in 1875 under the laws of the United States of America. River Valley Financial, which provides banking services in a single business segment, conducts operations from its 14 full-service office locations in southeastern Indiana and northern Kentucky. Its loan portfolio comprises of residential loans, multi-family loans, construction loans, nonresidential real estate loans, land loans, commercial loans, and consumer loans. The Bank underwrites fixed rate residential mortgage loan for potential sale to the FHLMC on a servicing-retained basis. Deposits are attracted through the offering of deposit instruments including fixed rate certificate of deposits, NOW, MMDAs and other transactional accounts, individual retirement accounts and savings accounts. The Bank is subject to examination, supervision and regulation by the Indiana Department of Financial Institutions, and the Federal Deposit Insurance Corporation. The Holding Company is a bank holding company, subject to oversight by the Board of Governors of the Federal Reserve System.
Executives
Lonnie D Collins director, officer: Secretary RIVER VALLEY BANCORP, 303 CLIFTY DR, MADISON IN 47250

River Valley Bancorp (River Valley Bancorp) Headlines