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Richmond Mutual Bancorp ROA %

: 1.02% (As of Sep. 2021)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Richmond Mutual Bancorp's annualized Net Income for the quarter that ended in Sep. 2021 was $12.33 Mil. Richmond Mutual Bancorp's average Total Assets over the quarter that ended in Sep. 2021 was $1,209.60 Mil. Therefore, Richmond Mutual Bancorp's annualized ROA % for the quarter that ended in Sep. 2021 was 1.02%.

The historical rank and industry rank for Richmond Mutual Bancorp's ROA % or its related term are showing as below:

NAS:RMBI' s ROA % Range Over the Past 10 Years
Min: -1.53   Med: 0.54   Max: 0.97
Current: 0.96

-1.53
0.97

During the past 4 years, Richmond Mutual Bancorp's highest ROA % was 0.97%. The lowest was -1.53%. And the median was 0.54%.

NAS:RMBI's ROA % is ranked higher than
51% of the 1472 Companies
in the Banks industry.

( Industry Median: 0.95 vs. NAS:RMBI: 0.96 )

Richmond Mutual Bancorp ROA % Historical Data

The historical data trend for Richmond Mutual Bancorp's ROA % 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.

Richmond Mutual Bancorp Annual Data
Trend Dec17 Dec18 Dec19 Dec20
ROA %
0.36 0.71 -1.53 0.97

Richmond Mutual Bancorp Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
ROA % 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 0.92 0.95 0.92 0.96 1.02

Competitive Comparison

For the Banks - Regional subindustry, Richmond Mutual Bancorp's ROA %, along with its competitors' market caps and ROA % 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.

   

Richmond Mutual Bancorp ROA % Distribution

For the Banks industry and Financial Services sector, Richmond Mutual Bancorp's ROA % distribution charts can be found below:

* The bar in red indicates where Richmond Mutual Bancorp's ROA % falls into.



Richmond Mutual Bancorp ROA % Calculation

Richmond Mutual Bancorp's annualized ROA % for the fiscal year that ended in Dec. 2020 is calculated as:

ROA %=Net Income (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=10.018/( (986.042+1084.193)/ 2 )
=10.018/1035.1175
=0.97 %

Richmond Mutual Bancorp's annualized ROA % for the quarter that ended in Sep. 2021 is calculated as:

ROA %=Net Income (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=12.328/( (1188.48+1230.712)/ 2 )
=12.328/1209.596
=1.02 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2021) net income data. ROA % is displayed in the 30-year financial page.


Richmond Mutual Bancorp  (NAS:RMBI) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=12.328/1209.596
=(Net Income / Revenue)*(Revenue / Total Assets)
=(12.328 / 44.256)*(44.256 / 1209.596)
=Net Margin %*Asset Turnover
=27.86 %*0.0366
=1.02 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Richmond Mutual Bancorp ROA % Related Terms

Thank you for viewing the detailed overview of Richmond Mutual Bancorp's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Richmond Mutual Bancorp Business Description

Richmond Mutual Bancorp logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6011
Traded in Other Exchanges
N/A
Address
31 North 9th Street, Richmond, IN, USA, 47374
Richmond Mutual Bancorp Inc is a United States-based banking company. Its principal business consists of attracting deposits from the general public & brokered deposits and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences, a variety of consumer loans, direct financing leases, and commercial and industrial loans.
Executives
Weinert Dean W. officer: President, Mutual Federal RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Hanley Harold T. Iii director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Weinert Robin S. officer: SVP Operations/Retail Banking RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Mann Lindley S. director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Kleer Garry D. director, officer: President, CEO RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Blum E. Michael director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Stevens W. Ray Iii director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Jackson Jeffrey A. director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Spears Alan M. officer: Senior Vice President, Trust RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Benziger Donald A officer: EVP, Chief Financial Officer RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Cruz-uribe Kathryn director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Wetzel M. Lynn director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Fullerton Albert E. Jr. officer: SVP, Chief Information Officer RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Stoops Pamela S. officer: SVP, Retail Lending Manager RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Brittenham Beth A. officer: SVP, HR Director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
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