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FFWM (First Foundation) Asset Turnover : 0.00 (As of Dec. 2024)


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What is First Foundation 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 Foundation's Revenue for the three months ended in Dec. 2024 was $46.89 Mil. First Foundation's Total Assets for the quarter that ended in Dec. 2024 was $13,010.91 Mil. Therefore, First Foundation's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. First Foundation's annualized ROE % for the quarter that ended in Dec. 2024 was -5.32%. It is also linked to ROA % through Du Pont Formula. First Foundation's annualized ROA % for the quarter that ended in Dec. 2024 was -0.43%.


First Foundation Asset Turnover Historical Data

The historical data trend for First Foundation'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 Foundation Asset Turnover Chart

First Foundation 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 0.04 0.03 0.03 0.01 -

First Foundation Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -

Competitive Comparison of First Foundation's Asset Turnover

For the Banks - Regional subindustry, First Foundation'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 Foundation's Asset Turnover Distribution in the Banks Industry

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

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


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First Foundation Asset Turnover Calculation

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

First Foundation'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 )
=53.186/( (13327.248+12645.265)/ 2 )
=53.186/12986.2565
=0.00

First Foundation's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=46.887/( (13376.561+12645.265)/ 2 )
=46.887/13010.913
=0.00

* 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 Foundation  (NYSE:FFWM) Asset Turnover Explanation

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

First Foundation's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-56.444/1061.58
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-56.444 / 187.548)*(187.548 / 13010.913)*(13010.913/ 1061.58)
=Net Margin %*Asset Turnover*Equity Multiplier
=-30.1 %*0.0144*12.2562
=ROA %*Equity Multiplier
=-0.43 %*12.2562
=-5.32 %

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

First Foundation's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-56.444/13010.913
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-56.444 / 187.548)*(187.548 / 13010.913)
=Net Margin %*Asset Turnover
=-30.1 %*0.0144
=-0.43 %

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


First Foundation Asset Turnover Related Terms

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


First Foundation Business Description

Traded in Other Exchanges
N/A
Address
200 Crescent Court, Suite 1400, Dallas, TX, USA, 75201
First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high-net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.
Executives
Keller Ulrich E. Jr director, 10 percent owner, officer: EXECUTIVE CHAIRMAN 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
James Britton officer: Chief Financial Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
David G. Lake director 18101 VON KARMAN AVE., SUITE 750, IRVINE CA 92612
Elizabeth A. Pagliarini director 2 SOUTH POINTE DR., SUITE 100, LAKE FOREST CA 92630
Diane M. Rubin director 40380 DESERT CREEK LANE, RANCHO MIRAGE CA 92270
Jacob Sonenshine director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Max Briggs director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Gabriel V. Vazquez director C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
John Hakopian director, officer: PRES FIRST FOUNDATION ADVISORS 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Scott F Kavanaugh director, officer: CHIEF EXECUTIVE OFFICER 25342 DERBYHILL DR., LAGUNA HILLS CA 92653
Christopher M. Naghibi officer: Chief Operating Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Amy Djou officer: Chief Financial Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Hugo J. Nuno officer: Chief Banking Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Gary L Tice director
Mitchell M. Rosenberg director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612