If a company builds asset at 30.1% a year, faster than its revenue growth rate of 10.6% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, Spirit of Texas Bancshares's average Total Assets Growth Rate was -1.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 28.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 30.10% per year.
During the past 6 years, Spirit of Texas Bancshares's highest 3-Year average Total Assets Growth Rate was 40.80%. The lowest was 28.40%. And the median was 33.30%.
* 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.
Spirit of Texas Bancshares Total Assets Calculation
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.
* 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.
Spirit of Texas Bancshares (NAS:STXB) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2021) 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.
Spirit of Texas Bancshares's Asset Turnover for the quarter that ended in Dec. 2021 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.
Spirit of Texas Bancshares Total Assets Related Terms
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Spirit of Texas Bancshares (Spirit of Texas Bancshares) Business Description
Spirit of Texas Bancshares Inc offers a broad range of commercial and retail banking services. The company offers business checking accounts, lending, treasury management, mortgages, personal financial security, and mobile and online banking services. Its only reportable segment being the business, community banking, provides a broad range of retail and commercial banking services.
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