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C&F Financial (C&F Financial) Asset Turnover : 0.01 (As of Dec. 2023)


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What is C&F 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. C&F Financial's Revenue for the three months ended in Dec. 2023 was $32.1 Mil. C&F Financial's Total Assets for the quarter that ended in Dec. 2023 was $2,430.1 Mil. Therefore, C&F Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. C&F Financial's annualized ROE % for the quarter that ended in Dec. 2023 was 9.73%. It is also linked to ROA % through Du Pont Formula. C&F Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 0.83%.


C&F Financial Asset Turnover Historical Data

The historical data trend for C&F 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.

C&F Financial Asset Turnover Chart

C&F Financial 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 0.07 0.07 0.06 0.05 0.05

C&F Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 C&F Financial's Asset Turnover

For the Banks - Regional subindustry, C&F 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.


C&F Financial's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where C&F Financial's Asset Turnover falls into.



C&F Financial Asset Turnover Calculation

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

C&F 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 )
=126.274/( (2332.317+2438.498)/ 2 )
=126.274/2385.4075
=0.05

C&F Financial'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 )
=32.137/( (2421.705+2438.498)/ 2 )
=32.137/2430.1015
=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.


C&F Financial  (NAS:CFFI) Asset Turnover Explanation

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

C&F Financial's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=20.272/208.32
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(20.272 / 128.548)*(128.548 / 2430.1015)*(2430.1015/ 208.32)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.77 %*0.0529*11.6652
=ROA %*Equity Multiplier
=0.83 %*11.6652
=9.73 %

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:

C&F Financial's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=20.272/2430.1015
=(Net Income / Revenue)*(Revenue / Total Assets)
=(20.272 / 128.548)*(128.548 / 2430.1015)
=Net Margin %*Asset Turnover
=15.77 %*0.0529
=0.83 %

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.


C&F Financial Asset Turnover Related Terms

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


C&F Financial (C&F Financial) Business Description

Traded in Other Exchanges
N/A
Address
3600 La Grange Parkway, Toano, VA, USA, 23168
C&F Financial Corp is an American bank holding company. The company through its subsidiaries offers banking and related financial services to both individuals and businesses. It operates in three business activities: Community Banking, Mortgage Banking, and Consumer Finance. It mainly provides a range of lending activities, which include residential mortgage loans, commercial real estate loans, non-prime automobile lending, land acquisition, and development loans, and consumer loans. The company generates maximum revenue from the Community Banking segment.
Executives
Seaman John A Iii other: Chief Credit Officer 802 MAIN STREET, WEST POINT VA 23181
Thomas F Cherry officer: Senior Vice President & CFO
S Dustin Crone other: President of Major Subsidiary 802 MAIN STREET, WEST POINT VA 23181
Audrey Dale Holmes director 5120 ADKINS ROAD, PROVIDENCE FORGE VA 23140
Larry G Dillon director, officer: Chairman, President & CEO
Hudson James H Iii director
Jeffery O Smith director 3600 LA GRANGE PKWY, TOANO VA 23168
D Anthony Peay director 3600 LA GRANGE PKWY, TOANO VA 23168
Jason E Long officer: Chief Financial Officer 4136 LONGVIEW LANDING, WILLIAMSBURG VA 23188
Sisson George R Iii director 3600 LAGRANGE PARKWAY, TOANO VA 23168
Bryan Edwin Mckernon other: President of major subsidiary 1400 ALVERSER DRIVE, MIDLOTHIAN VA 23113
Causey J P Jr director 1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350
Barry R Chernack director
Julie R Agnew director 100 PIERCES COURT, WILLIAMSBURG VA 23185
Elizabeth R Kelley director 324 5TH STREET, WEST POINT VA 23181

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