GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bridgewater Bancshares Inc (NAS:BWB) » Definitions » Asset Turnover

Bridgewater Bancshares (Bridgewater Bancshares) Asset Turnover : 0.01 (As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is Bridgewater Bancshares Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bridgewater Bancshares's Revenue for the three months ended in Dec. 2023 was $24.8 Mil. Bridgewater Bancshares's Total Assets for the quarter that ended in Dec. 2023 was $4,584.5 Mil. Therefore, Bridgewater Bancshares's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Bridgewater Bancshares's annualized ROE % for the quarter that ended in Dec. 2023 was 8.44%. It is also linked to ROA % through Du Pont Formula. Bridgewater Bancshares's annualized ROA % for the quarter that ended in Dec. 2023 was 0.77%.


Bridgewater Bancshares Asset Turnover Historical Data

The historical data trend for Bridgewater Bancshares'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.

* Premium members only.

Bridgewater Bancshares Asset Turnover Chart

Bridgewater Bancshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.04 0.04 0.04 0.04 0.03

Bridgewater Bancshares 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

Competitive Comparison of Bridgewater Bancshares's Asset Turnover

For the Banks - Regional subindustry, Bridgewater Bancshares'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.


Bridgewater Bancshares's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bridgewater Bancshares's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bridgewater Bancshares's Asset Turnover falls into.



Bridgewater Bancshares Asset Turnover Calculation

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

Bridgewater Bancshares'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 )
=109.767/( (4345.662+4611.99)/ 2 )
=109.767/4478.826
=0.02

Bridgewater Bancshares'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 )
=24.823/( (4557.07+4611.99)/ 2 )
=24.823/4584.53
=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.


Bridgewater Bancshares  (NAS:BWB) Asset Turnover Explanation

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

Bridgewater Bancshares's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=35.492/420.7375
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(35.492 / 99.292)*(99.292 / 4584.53)*(4584.53/ 420.7375)
=Net Margin %*Asset Turnover*Equity Multiplier
=35.75 %*0.0217*10.8964
=ROA %*Equity Multiplier
=0.77 %*10.8964
=8.44 %

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:

Bridgewater Bancshares's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=35.492/4584.53
=(Net Income / Revenue)*(Revenue / Total Assets)
=(35.492 / 99.292)*(99.292 / 4584.53)
=Net Margin %*Asset Turnover
=35.75 %*0.0217
=0.77 %

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.


Bridgewater Bancshares Asset Turnover Related Terms

Thank you for viewing the detailed overview of Bridgewater Bancshares's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Bridgewater Bancshares (Bridgewater Bancshares) Business Description

Traded in Other Exchanges
Address
4450 Excelsior Boulevard, Suite 100, St. Louis Park, MN, USA, 55416
Bridgewater Bancshares Inc offers retail and commercial loan and deposit services to customers within the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area. The company engages in providing a wide range of deposit and lending products. Its products and services include commercial deposits, loans, online business services, credit cards, mobile banking, and remote deposit services.
Executives
Mary Jayne Crocker officer: EVP & Chief Operating Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Joseph M. Chybowski officer: SVP & Chief Financial Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Lisa Brezonik director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Nicholas L. Place officer: SVP & Chief Lending Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Jerry J. Baack director, officer: President & CEO 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Mohammed Lawal director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Todd B. Urness director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Douglas J. Parish director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Lisa M Salazar officer: SVP Deposit Svcs/Emerging Prod 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Mark E. Hokanson officer: Chief Technology Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
David B. Juran director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
James S. Johnson director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Thomas P. Trutna director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
Jeffrey D. Shellberg director, officer: EVP and Chief Credit Officer 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416
David J. Volk director 4450 EXCELSIOR BLVD., SUITE 100, ST. LOUIS PARK MN 55416