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Cullen/Frost Bankers (Cullen/Frost Bankers) Asset Turnover : 0.01 (As of Dec. 2023)


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What is Cullen/Frost Bankers Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cullen/Frost Bankers's Revenue for the three months ended in Dec. 2023 was $502 Mil. Cullen/Frost Bankers's Total Assets for the quarter that ended in Dec. 2023 was $49,796 Mil. Therefore, Cullen/Frost Bankers's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Cullen/Frost Bankers's annualized ROE % for the quarter that ended in Dec. 2023 was 12.22%. It is also linked to ROA % through Du Pont Formula. Cullen/Frost Bankers's annualized ROA % for the quarter that ended in Dec. 2023 was 0.82%.


Cullen/Frost Bankers Asset Turnover Historical Data

The historical data trend for Cullen/Frost Bankers'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.

Cullen/Frost Bankers Asset Turnover Chart

Cullen/Frost Bankers 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 0.04 0.04 0.03 0.03 0.04

Cullen/Frost Bankers 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 Cullen/Frost Bankers's Asset Turnover

For the Banks - Regional subindustry, Cullen/Frost Bankers'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.


Cullen/Frost Bankers's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Cullen/Frost Bankers's Asset Turnover falls into.



Cullen/Frost Bankers Asset Turnover Calculation

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

Cullen/Frost Bankers'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 )
=1987.206/( (52892.376+50845.038)/ 2 )
=1987.206/51868.707
=0.04

Cullen/Frost Bankers'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 )
=501.903/( (48747.022+50845.038)/ 2 )
=501.903/49796.03
=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.


Cullen/Frost Bankers  (NYSE:CFR) Asset Turnover Explanation

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

Cullen/Frost Bankers's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=410.204/3358.099
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(410.204 / 2007.612)*(2007.612 / 49796.03)*(49796.03/ 3358.099)
=Net Margin %*Asset Turnover*Equity Multiplier
=20.43 %*0.0403*14.8286
=ROA %*Equity Multiplier
=0.82 %*14.8286
=12.22 %

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:

Cullen/Frost Bankers's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=410.204/49796.03
=(Net Income / Revenue)*(Revenue / Total Assets)
=(410.204 / 2007.612)*(2007.612 / 49796.03)
=Net Margin %*Asset Turnover
=20.43 %*0.0403
=0.82 %

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.


Cullen/Frost Bankers Asset Turnover Related Terms

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


Cullen/Frost Bankers (Cullen/Frost Bankers) Business Description

Traded in Other Exchanges
Address
111 W. Houston Street, San Antonio, TX, USA, 78205
Cullen/Frost Bankers is a financial holding company, headquartered in San Antonio. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments, and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley, and San Antonio regions.
Executives
Patrick B Frost director, other: Member Executive Committee 100 WEST HOUSTON ST, SAN ANTONIO TX 78205
Howard Willome John director 111 WEST HOUSTON STREET, SUITE 100, SAN ANTONIO TX 78205
Chris Avery director 510 POST OAK ROAD, FREDERICKSBURG TX 78624
Howard L. Kasanoff officer: GEVP Chief Credit Officer 111 WEST HOUSTON STREET, SUITE 100, SAN ANTONIO TX 78205
Bobby Berman officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Candace K Wolfshohl officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Phillip D Green officer: Group EVP / CFO 100 WEST HOUSTON ST, SAN ANTONIO TX 78205
Carol Jean Severyn officer: GEVP and Chief Risk Officer 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Paul Bracher officer: President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Joseph A. Pierce director 111 WEST HOUSTON STREET, SUITE 100, SAN ANTONIO TX 78205
William L Perotti officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Jerry Salinas officer: Chief Financial Officer 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Anthony R Chase director 10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Linda B. Rutherford director 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Annette M Alonzo officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205