Grand River Commerce's Total Assets for the quarter that ended in Dec. 2023 was $549.08 Mil.
Warning Sign:
If a company builds assets at 16.1% a year, faster than its revenue growth rate of 8.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Grand River Commerce's average Total Assets Growth Rate was 9.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 16.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 33.50% per year.
During the past 13 years, Grand River Commerce's highest 3-Year average Total Assets Growth Rate was 773.10%. The lowest was 11.40%. And the median was 35.15%.
The historical data trend for Grand River Commerce'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.
Grand River Commerce's Total Assets for the fiscal year that ended in Dec. 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.
Grand River Commerce (OTCPK:GNRV) 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.
Grand River Commerce'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.
Grand River Commerce Total Assets Related Terms
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Grand River Commerce (Grand River Commerce) Business Description
Grand River Commerce Inc is a United States based bank holding company. It operates a full-service commercial bank and offers a range of commercial and consumer banking services to businesses, professionals, and local residents. The bank's deposit products are Interest and Non-interest bearing checking accounts, Savings accounts and Time deposits, and its primary lending products are Real estate mortgages, Commercial and Consumer loans. The company's prime source of revenue is the interest income.
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