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CCB (Coastal Financial) Asset Turnover : 0.03 (As of Sep. 2024)


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What is Coastal Financial Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Coastal Financial's Revenue for the three months ended in Sep. 2024 was $117.6 Mil. Coastal Financial's Total Assets for the quarter that ended in Sep. 2024 was $4,013.7 Mil. Therefore, Coastal Financial's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Coastal Financial's annualized ROE % for the quarter that ended in Sep. 2024 was 16.60%. It is also linked to ROA % through Du Pont Formula. Coastal Financial's annualized ROA % for the quarter that ended in Sep. 2024 was 1.34%.


Coastal Financial Asset Turnover Historical Data

The historical data trend for Coastal Financial'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.

Coastal Financial Asset Turnover Chart

Coastal Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.05 0.05 0.05 0.07 0.10

Coastal Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.02 0.03 0.03 0.03 0.03

Competitive Comparison of Coastal Financial's Asset Turnover

For the Banks - Regional subindustry, Coastal Financial'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.


Coastal Financial's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Coastal Financial's Asset Turnover falls into.



Coastal Financial Asset Turnover Calculation

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

Coastal Financial'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 )
=351.837/( (3144.467+3753.366)/ 2 )
=351.837/3448.9165
=0.10

Coastal Financial's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=117.559/( (3961.546+4065.821)/ 2 )
=117.559/4013.6835
=0.03

* 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.


Coastal Financial  (NAS:CCB) Asset Turnover Explanation

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

Coastal Financial's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=53.824/324.3115
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(53.824 / 470.236)*(470.236 / 4013.6835)*(4013.6835/ 324.3115)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.45 %*0.1172*12.376
=ROA %*Equity Multiplier
=1.34 %*12.376
=16.60 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

Coastal Financial's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=53.824/4013.6835
=(Net Income / Revenue)*(Revenue / Total Assets)
=(53.824 / 470.236)*(470.236 / 4013.6835)
=Net Margin %*Asset Turnover
=11.45 %*0.1172
=1.34 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.


Coastal Financial Asset Turnover Related Terms

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


Coastal Financial Business Description

Traded in Other Exchanges
Address
5415 Evergreen Way, Everett, WA, USA, 98203
Coastal Financial Corp is a financial service provider. The company provides banking products and services to consumers and small to medium-sized businesses. Its business is conducted through three reportable segments: The community bank, CCBX, and treasury & administration. The primary focus of the community bank is on providing a wide range of banking products and services to consumers and small to medium-sized businesses in the broader Puget Sound region in the state of Washington and through the Internet and mobile banking applications.
Executives
Eric M Sprink director, officer: President & CEO 5415 EVERGREEN WAY, EVERETT WA 98203
Steven D Hovde director 1110 LAKE COOK ROAD, SUITE 165, BUFFALO GROVE IL 60089
Joel G Edwards officer: Chief Financial Officer P O BOX 11628, TACOMA WA 984116628
Andrew P Skotdal director 5415 EVERGREEN WAY, EVERETT WA 98203
John J Dickson officer: Chief Operations Officer C/O COASTAL FINANCIAL CORP, 5415 EVERGREEN WAY, EVERETT WA 98203
Russ A Keithley officer: Chief Lending Officer 5415 EVERGREEN WAY, EVERETT WA 98203
Curt Queyrouze officer: President 5415 EVERGREEN WAY, EVERETT WA 98203
Thomas D Lane director 5415 EVERGREEN WAY, EVERETT WA 98203
Michael Robert Patterson director 5415 EVERGREEN WAY, EVERETT WA 98203
Andrew R Dale director 5415 EVERGREEN WAY, EVERETT WA 98203
Pamela Unger director 5415 EVERGREEN WAY, EVERETT WA 98203
Rilla S Delorier director 5415 EVERGREEN WAY, EVERETT WA 98203
Daniel J Lee officer: EVP & Chief Credit & Risk Off. 5415 EVERGREEN WAY, EVERETT WA 98203
Sadhana Akella-mishra director 5415 EVERGREEN WAY, EVERETT WA 98203
Haugen John M Jr director 5415 EVERGREEN WAY, EVERETT VA 98203

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