Magyar Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $916.74 Mil.
Warning Sign:
If a company builds assets at 7.3% a year, faster than its revenue growth rate of 6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Magyar Bancorp's average Total Assets Growth Rate was 6.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 7.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 4.90% per year.
During the past 13 years, Magyar Bancorp's highest 3-Year average Total Assets Growth Rate was 18.40%. The lowest was -4.70%. And the median was 3.80%.
The historical data trend for Magyar Bancorp'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.
Magyar Bancorp's Total Assets for the fiscal year that ended in Sep. 2023 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.
Magyar Bancorp (NAS:MGYR) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) 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.
Magyar Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 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.
Magyar Bancorp Total Assets Related Terms
Thank you for viewing the detailed overview of Magyar Bancorp's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Magyar Bancorp (Magyar Bancorp) Business Description
Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MGYR has been successfully added to your 