First Security Islami Bank (DHA:FIRSTSBANK) Asset Turnover: -0.01 (As of Jun. 2025)


DHA:FIRSTSBANK First Security Islami Bank PLC DHA:FIRSTSBANK
58 GF Score
Price BDT8.20
GF Value BDT9.45
Valuation Modestly Undervalued
! 5 Warning Signs
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What is First Security Islami Bank Asset Turnover?

First Security Islami Bank DHA:FIRSTSBANK 58 Asset Turnover is -0.01 as of Jun. 2025. GuruFocus rates DHA:FIRSTSBANK with a GF Score™ of 58/100 and a GF Value™ of BDT9.45 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. First Security Islami Bank's Revenue for the three months ended in Jun. 2025 was BDT-8,962.78 Mil. First Security Islami Bank's Total Assets for the quarter that ended in Jun. 2025 was BDT679,576.86 Mil. Therefore, First Security Islami Bank's Asset Turnover for the quarter that ended in Jun. 2025 was -0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. First Security Islami Bank's annualized ROE % for the quarter that ended in Jun. 2025 was -527.18%. It is also linked to ROA % through Du Pont Formula. First Security Islami Bank's annualized ROA % for the quarter that ended in Jun. 2025 was -6.57%.


First Security Islami Bank  (DHA:FIRSTSBANK) Asset Turnover Explanation

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

First Security Islami Bank's annulized ROE % for the quarter that ended in Jun. 2025 is

ROE %**(Q: Jun. 2025 )
=Net Income/Total Stockholders Equity
=-44672.268/8473.893
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-44672.268 / -35851.136)*(-35851.136 / 679576.8575)*(679576.8575/ 8473.893)
=Net Margin %*Asset Turnover*Equity Multiplier
=124.6 %*-0.0528*80.1965
=ROA %*Equity Multiplier
=-6.57 %*80.1965
=-527.18 %

Note: The Net Income data used here is four times the quarterly (Jun. 2025) net income data. The Revenue data used here is four times the quarterly (Jun. 2025) 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:

First Security Islami Bank's annulized ROA % for the quarter that ended in Jun. 2025 is

ROA %(Q: Jun. 2025 )
=Net Income/Total Assets
=-44672.268/679576.8575
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-44672.268 / -35851.136)*(-35851.136 / 679576.8575)
=Net Margin %*Asset Turnover
=124.6 %*-0.0528
=-6.57 %

Note: The Net Income data used here is four times the quarterly (Jun. 2025) net income data. The Revenue data used here is four times the quarterly (Jun. 2025) 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.


First Security Islami Bank Asset Turnover Related Terms


First Security Islami Bank Asset Turnover Historical Data

* Premium members only.

The historical data trend for First Security Islami Bank'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.

First Security Islami Bank Asset Turnover Chart

First Security Islami Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 0.03 0.01

First Security Islami Bank Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 0.00 -0.01 -0.01 -0.01

First Security Islami Bank Asset Turnover Competitor Comparison

For the Banks - Regional subindustry, First Security Islami Bank'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.


First Security Islami Bank Asset Turnover vs Banks Industry

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

* The bar in red indicates where First Security Islami Bank's Asset Turnover falls into.


DHA:FIRSTSBANK
58GF Score
First Security Islami Bank PLC DHA:FIRSTSBANK
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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First Security Islami Bank Asset Turnover Calculation

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

First Security Islami Bank's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=7175.216/( (660110.638+692174.899)/ 2 )
=7175.216/676142.7685
=0.01

First Security Islami Bank's Asset Turnover for the quarter that ended in Jun. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2025 )/( (Total Assets (Q: Mar. 2025 )+Total Assets (Q: Jun. 2025 ))/ count )
=-8962.784/( (680563.262+678590.453)/ 2 )
=-8962.784/679576.8575
=-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?
First Security Islami Bank (DHA:FIRSTSBANK) has a Asset Turnover of -0.01 as of Jun. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on First Security Islami Bank and its competitors.
Is First Security Islami Bank's Asset Turnover too high?
First Security Islami Bank's current Asset Turnover is -0.01. Overall, First Security Islami Bank has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Security Islami Bank's Asset Turnover compare to competitors?
First Security Islami Bank'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 First Security Islami Bank and its competitors. First Security Islami Bank'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 First Security Islami Bank stock overvalued right now?
Based on GuruFocus' analysis, First Security Islami Bank (DHA:FIRSTSBANK) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT9.45, compared to a current price of BDT8.20 — trading 13.2% below its estimated fair value. The current Asset Turnover is -0.01. First Security Islami Bank's overall GF Score™ is 58/100 with 5 warning signs to review. 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 First Security Islami Bank (DHA:FIRSTSBANK), the current Asset Turnover is -0.01 as of Jun. 2025. 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.

Is First Security Islami Bank (DHA:FIRSTSBANK) Overvalued in 2026?

Based on GuruFocus' analysis, First Security Islami Bank stock appears to be undervalued. The current stock price of BDT8.20 is trading 13.2% below its estimated GF Value™ of BDT9.45. GuruFocus considers First Security Islami Bank to be Modestly Undervalued.

Key valuation signals for DHA:FIRSTSBANK:

  • Asset Turnover: -0.01
  • GF Value™: BDT9.45 vs. price of BDT8.20 (13.2% below fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the DHA:FIRSTSBANK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Security Islami Bank Business Description

Address Rangs RD Center, Block: SE (F), Plot:03, Gulshan Avenue, Gulshan - 1, Dhaka, BGD, 1212
First Security Islami Bank PLC is a commercial bank. The bank's activities include accepting deposits, making loans, discounting bills, conducting money transfers and foreign exchange transactions, and performing other services. The company mainly focuses on deposit mobilization and investing activities comprising short-term, long-term, import, and export financing. The company invests in rural and agriculture, garments, jute, cement and bricks, tannery, steel and engineering, food and beverage, chemical and pharmaceuticals, printing and packaging, glass, and ceramics.
58GF Score

Get the complete analysis for DHA:FIRSTSBANK

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT8.20
Price
BDT9.45
GF Value