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First Commonwealth Financial (First Commonwealth Financial) Asset Turnover : 0.01 (As of Dec. 2023)


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What is First Commonwealth 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. First Commonwealth Financial's Revenue for the three months ended in Dec. 2023 was $120.0 Mil. First Commonwealth Financial's Total Assets for the quarter that ended in Dec. 2023 was $11,440.7 Mil. Therefore, First Commonwealth 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. First Commonwealth Financial's annualized ROE % for the quarter that ended in Dec. 2023 was 14.04%. It is also linked to ROA % through Du Pont Formula. First Commonwealth Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 1.57%.


First Commonwealth Financial Asset Turnover Historical Data

The historical data trend for First Commonwealth 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.

First Commonwealth Financial Asset Turnover Chart

First Commonwealth 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 0.04 0.04 0.04 0.04 0.05

First Commonwealth Financial 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 First Commonwealth Financial's Asset Turnover

For the Banks - Regional subindustry, First Commonwealth 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.


First Commonwealth Financial's Asset Turnover Distribution in the Banks Industry

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

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



First Commonwealth Financial Asset Turnover Calculation

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

First Commonwealth 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 )
=482.285/( (9805.666+11459.488)/ 2 )
=482.285/10632.577
=0.05

First Commonwealth 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 )
=120.034/( (11421.988+11459.488)/ 2 )
=120.034/11440.738
=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.


First Commonwealth Financial  (NYSE:FCF) Asset Turnover Explanation

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

First Commonwealth Financial's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=179.308/1277.4025
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(179.308 / 480.136)*(480.136 / 11440.738)*(11440.738/ 1277.4025)
=Net Margin %*Asset Turnover*Equity Multiplier
=37.35 %*0.042*8.9563
=ROA %*Equity Multiplier
=1.57 %*8.9563
=14.04 %

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:

First Commonwealth Financial's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=179.308/11440.738
=(Net Income / Revenue)*(Revenue / Total Assets)
=(179.308 / 480.136)*(480.136 / 11440.738)
=Net Margin %*Asset Turnover
=37.35 %*0.042
=1.57 %

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.


First Commonwealth Financial Asset Turnover Related Terms

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


First Commonwealth Financial (First Commonwealth Financial) Business Description

Traded in Other Exchanges
Address
601 Philadelphia Street, Indiana, PA, USA, 15701
First Commonwealth Financial Corp functions in the financial services sector in the United States. Through its subsidiary, it offers a range of consumer and commercial banking services such as personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, investment certificates, fixed & variable rate certificates of deposit, and various kinds of loans. It also provides trust and wealth management services and offers insurance products through the Bank. The company earns the majority of its revenue through net interest income.
Executives
Carrie L Riggle officer: EVP/Human Resources 601 PHILADELPHIA STREET, INDIANA PA 15701
Ray T Charley director 22 N 6TH ST, INDIANA PA 15701
Patricia A. Husic director 601 PHILADELPHIA STREET, INDIANA PA 15701
Matthew C Tomb officer: EVP/Chief Risk Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Brian G Karrip officer: EVP/Chief Credit Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Norman J Montgomery officer: EVP/Business Integration 601 PHILADELPHIA STREET, INDIANA PA 15701
James R Reske officer: EVP/Chief Financial Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Leonard V Lombardi officer: EVP/Chief Audit Executive 601 PHILADELPHIA STREET, INDIANA PA 15701
T Michael Price director, officer: President & CEO 601 PHILADELPHIA STREET, INDIANA PA 15701
Robert J Ventura director 601 PHILADELPHIA STREET, INDIANA PA 15701
Gary R Claus director 601 PHILADELPHIA STREET, INDIANA PA 15701
Jane Grebenc director, officer: EVP/Chief Revenue Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Stephen A Wolfe director 601 PHILADELPHIA STREET, INDIANA PA 15701
Aradhna M Oliphant director 601 PHILADELPHIA STREET, INDIANA PA 15701
David W Greenfield director 601 PHILADELHIA STREET, INDIANA PA 15701

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