Banco Alfa de Investimento (BSP:BRIV3) Asset Turnover: 0.01 (As of Dec. 2023)

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BSP:BRIV3 Banco Alfa de Investimento SA BSP:BRIV3
4 GF Score
Price R$12.86
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What is Banco Alfa de Investimento Asset Turnover?

Banco Alfa de Investimento BSP:BRIV3 4 Asset Turnover is 0.01 as of Dec. 2023. GuruFocus rates BSP:BRIV3 with a GF Score™ of 4/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Banco Alfa de Investimento's Revenue for the three months ended in Dec. 2023 was R$140.0 Mil. Banco Alfa de Investimento's Total Assets for the quarter that ended in Dec. 2023 was R$26,580.1 Mil. Therefore, Banco Alfa de Investimento's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Banco Alfa de Investimento's annualized ROE % for the quarter that ended in Dec. 2023 was -7.13%. It is also linked to ROA % through Du Pont Formula. Banco Alfa de Investimento's annualized ROA % for the quarter that ended in Dec. 2023 was -0.46%.


Banco Alfa de Investimento  (BSP:BRIV3) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Banco Alfa de Investimento's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-121.084/1697.5085
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-121.084 / 560.012)*(560.012 / 26580.1225)*(26580.1225/ 1697.5085)
=Net Margin %*Asset Turnover*Equity Multiplier
=-21.62 %*0.0211*15.6583
=ROA %*Equity Multiplier
=-0.46 %*15.6583
=-7.13 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Banco Alfa de Investimento's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-121.084/26580.1225
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-121.084 / 560.012)*(560.012 / 26580.1225)
=Net Margin %*Asset Turnover
=-21.62 %*0.0211
=-0.46 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.


Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Banco Alfa de Investimento Asset Turnover Related Terms


Banco Alfa de Investimento Asset Turnover Historical Data

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The historical data trend for Banco Alfa de Investimento's Asset Turnover 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.

Banco Alfa de Investimento Asset Turnover Chart

Banco Alfa de Investimento Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 0.02

Banco Alfa de Investimento Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

Banco Alfa de Investimento Asset Turnover Competitor Comparison

For the Banks - Regional subindustry, Banco Alfa de Investimento's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Banco Alfa de Investimento Asset Turnover vs Banks Industry

For the Banks industry and Financial Services sector, Banco Alfa de Investimento's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Banco Alfa de Investimento's Asset Turnover falls into.


BSP:BRIV3
4GF Score
Banco Alfa de Investimento SA BSP:BRIV3
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Banco Alfa de Investimento Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Banco Alfa de Investimento's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=527.625/( (26751.004+27667.699)/ 2 )
=527.625/27209.3515
=0.02

Banco Alfa de Investimento's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=140.003/( (25492.546+27667.699)/ 2 )
=140.003/26580.1225
=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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.01 mean?
Banco Alfa de Investimento (BSP:BRIV3) has a Asset Turnover of 0.01 as of Dec. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Banco Alfa de Investimento and its competitors.
Is Banco Alfa de Investimento's Asset Turnover too high?
Banco Alfa de Investimento's current Asset Turnover is 0.01. Overall, Banco Alfa de Investimento has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Banco Alfa de Investimento's Asset Turnover compare to competitors?
Banco Alfa de Investimento's Asset Turnover of 0.01 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Banks company?
A good Asset Turnover depends on the Banks industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Banco Alfa de Investimento and its competitors. Banco Alfa de Investimento's current Asset Turnover is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Alfa de Investimento stock overvalued right now?
Banco Alfa de Investimento (BSP:BRIV3) has a current Asset Turnover of 0.01. The current Asset Turnover is 0.01. Banco Alfa de Investimento's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Banco Alfa de Investimento (BSP:BRIV3), the current Asset Turnover is 0.01 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Banco Alfa de Investimento Business Description

Address Alameda Santos, 466, Ground Floor, Cerqueira Cesar, Sao Paulo, SP, BRA, 01418-000
Banco Alfa de Investimento SA and its subsidiaries offer financial services regarding credit facilities, treasury, and management of third-party resources. It also holds investments in non-financial areas.
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$12.86
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