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United Bancshares's Total Assets for the quarter that ended in Mar. 2024 was $1,063.76 Mil.
During the past 12 months, United Bancshares's average Total Assets Growth Rate was 35.20% per year. During the past 3 years, the average Total Assets Growth Rate was 2.90% per year. During the past 5 years, the average Total Assets Growth Rate was 4.10% per year. During the past 10 years, the average Total Assets Growth Rate was 9.30% per year.
During the past 13 years, United Bancshares's highest 3-Year average Total Assets Growth Rate was 35.40%. The lowest was -16.50%. And the median was 5.00%.
Total Assets is connected with ROA %. United Bancshares's annualized ROA % for the quarter that ended in Mar. 2024 was 0.69%. Total Assets is also linked to Revenue through Asset Turnover. United Bancshares's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.
The historical data trend for United Bancshares's Total Assets 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.
United Bancshares Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 880.01 | 978.53 | 1,076.56 | 1,087.29 | 1,071.50 |
United Bancshares Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Assets | Get a 7-Day Free Trial | 1,117.25 | 1,091.68 | 1,077.30 | 1,071.50 | 1,063.76 |
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
United Bancshares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (A: Dec. 2023 ) | + | Total Liabilities (A: Dec. 2023 ) |
= | 93.924 | + | 977.574 | |
= | 1,071.50 |
United Bancshares's Total Assets for the quarter that ended in Mar. 2024 is calculated as
Total Assets | = | Total Equity (Q: Mar. 2024 ) | + | Total Liabilities (Q: Mar. 2024 ) |
= | 90.975 | + | 972.789 | |
= | 1,063.76 |
* 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.
United Bancshares (OTCPK:UBOH) Total Assets Explanation
Total Assets is connected with ROA %.
United Bancshares's annualized ROA % for the quarter that ended in Mar. 2024 is
ROA % | = | Net Income (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 7.332 | / | ( (1071.498 | + | 1063.764) | / 2 ) | |
= | 7.332 | / | 1067.631 | ||||
= | 0.69 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.
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.
Total Assets is linked to total revenue through Asset Turnover.
United Bancshares's Asset Turnover for the quarter that ended in Mar. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | 9.427 | / | ( (1071.498 | + | 1063.764) | / 2 ) |
= | 9.427 | / | 1067.631 | |||
= | 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Thank you for viewing the detailed overview of United Bancshares's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
H Edward Rigel | director, other: Director of Subsidiary | 9725 ROAD B, LEIPSIC OH 45856 |
Brian D Young | officer: CFO | 100 S. HIGH STREET, COLUMBUS GROVE OH 45830 |
Norman V Schnipke | officer: Sr Compliance Officer | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
Heather Marie Oatman | officer: Secretary | 100 SOUTH HIGH STREET, COLUMBUS GROVE OH 45830 |
Stacey L Clemens | officer: Chief Risk Officer | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
Brent D Nussbaum | officer: Chief Information Officer | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
Teresa M Deitering | officer: Chief Credit Officer | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
Klint D Manz | officer: Chief Lending Officer | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
Travis E Vulich | officer: SVP of Mortgage Division | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
John Patrick Miller | officer: Chief Lending Officer | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
Curtis E Shepherd | officer: EVP of Retail Banking | |
Stacy A Cox | officer: CFO | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
David P Roach | director | 1211 HEDRICK, DELPHOS OH 45833 |
Daniel J Lucke | officer: Interim CFO | 100 S. HIGH STREET, COLUMBUS GROVE OH 45830 |
Herbert H Huffman | director | 105 PROGRESSIVE DRIVE, COLUMBUS GROVE OH 45830 |
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