Southcoast Financial (Southcoast Financial) Asset Turnover : 0.01 (As of Mar. 2016)

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What is Southcoast Financial Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Southcoast Financial's Revenue for the three months ended in Mar. 2016 was $4.54 Mil. Southcoast Financial's Total Assets for the quarter that ended in Mar. 2016 was $490.92 Mil. Therefore, Southcoast Financial's Asset Turnover for the quarter that ended in Mar. 2016 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Southcoast Financial's annualized ROE % for the quarter that ended in Mar. 2016 was 9.22%. It is also linked to ROA % through Du Pont Formula. Southcoast Financial's annualized ROA % for the quarter that ended in Mar. 2016 was 0.99%.

Southcoast Financial Asset Turnover Historical Data

The historical data trend for Southcoast Financial'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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Southcoast Financial Asset Turnover Chart

Southcoast Financial Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Asset Turnover

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0.03

0.04

Southcoast Financial Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Asset Turnover	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Southcoast Financial's Asset Turnover

For the Banks - Regional subindustry, Southcoast Financial'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.

Southcoast Financial's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Southcoast Financial's Asset Turnover falls into.

Southcoast Financial Asset Turnover Calculation

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

Southcoast Financial'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 )
=	19.05	/	( (476.833	+	502.81)	/ 2 )
=	19.05	/	489.8215
=	0.04

Southcoast Financial's Asset Turnover for the quarter that ended in Mar. 2016 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Mar. 2016 )	/	( (Total Assets (Q: Dec. 2015 )	+	Total Assets (Q: Mar. 2016 ))	/ count )
=	4.54	/	( (502.81	+	479.031)	/ 2 )
=	4.54	/	490.9205
=	0.01

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.

Southcoast Financial (NAS:SOCB) Asset Turnover Explanation

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

Southcoast Financial's annulized ROE % for the quarter that ended in Mar. 2016 is

	ROE %^**		(Q: Mar. 2016 )
=	Net Income	/	Total Stockholders Equity
=	4.84	/	52.4975
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(4.84 / 18.16)	*	(18.16 / 490.9205)	*	(490.9205/ 52.4975)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	26.65 %	*	0.037	*	9.3513
=	ROA %	*	Equity Multiplier
=	0.99 %	*	9.3513
=	9.22 %

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

^** 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:

Southcoast Financial's annulized ROA % for the quarter that ended in Mar. 2016 is

	ROA %		(Q: Mar. 2016 )
=	Net Income	/	Total Assets
=	4.84	/	490.9205
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(4.84 / 18.16)	*	(18.16 / 490.9205)
=	Net Margin %	*	Asset Turnover
=	26.65 %	*	0.037
=	0.99 %

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

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.

Southcoast Financial Asset Turnover Related Terms

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Southcoast Financial (Southcoast Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southcoast Financial Corp (NAS:SOCB) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.southcoastbank.com

Southcoast Financial Corp is a South Carolina corporation organized in 1999 under the laws of South Carolina. It is a holding company for Southcoast Community Bank or the Bank. The Bank offers a full array of commercial banking services. Deposit services include business and personal checking accounts, NOW accounts, savings accounts, money market accounts, various term certificates of deposit, IRA accounts, and other deposit services. Bank's deposits are attracted from individuals and small businesses. The Bank does not offer trust services. The Bank operates from its offices in Mt. Pleasant, Charleston, Moncks Corner, Johns Island, Summerville, Goose Creek and North Charleston, South Carolina. The Bank offers secured and unsecured, short-to-intermediate term loans, with floating and fixed interest rates for commercial, consumer and residential purposes. Consumer loans include, among others: car loans, home equity improvement loans, personal expenditure loans, education loans, overdraft lines of credit, and the like. The Bank makes commercial loans to small and middle market businesses.Commercial loans may be unsecured if loans are of short duration and made to a customer with demonstrated ability to pay, but often loans are secured. Collateral for commercial loans may be listed securities, equipment, inventory, accounts receivable or other business assets but would usually be local real estate. The Bank usually makes commercial loans to businesses to provide working capital, expand physical assets or acquire assets. The Bank also makes loans guaranteed by the U. S. Small Business Administration. The Bank makes loans secured by real estate mortgages that are usually for the acquisition, improvement or construction and development of residential and other properties. Residential real estate loans consist mainly of first and second mortgage loans on single family homes, with some mortgage loans on multifamily homes. Real estate construction loans typically consist of financing for the construction of 1-4 family dwellings and some non-farm, non-residential real estate. Other services the Bank offers include residential mortgage loan origination services, safe deposit boxes, business courier service, night depository service, telephone banking, MasterCard brand credit cards, tax deposits, and 24-hour automated teller machines. The bank holding companies and banks are regulated under federal and state law.