Mechanics Bank's Total Assets for the quarter that ended in Dec. 2022 was $18,135.7 Mil.
Warning Sign:
If a company builds assets at 29.8% a year, faster than its revenue growth rate of 2.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Mechanics Bank's average Total Assets Growth Rate was 43.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 29.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 25.30% per year.
During the past 12 years, Mechanics Bank's highest 3-Year average Total Assets Growth Rate was 37.50%. The lowest was 6.80%. And the median was 24.80%.
The historical data trend for Mechanics Bank'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.
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.
Mechanics Bank's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Mechanics Bank (OTCPK:MCHB) Total Assets Explanation
Note:
The Net Income data used here is one times the annual (Dec. 2022) 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.
Mechanics Bank's Asset Turnover for the quarter that ended in Dec. 2022 is
* 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.
Mechanics Bank Total Assets Related Terms
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Mechanics Bank (Mechanics Bank) Business Description
Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.
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