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F N B (FNB) Asset Turnover : 0.01 (As of Dec. 2024)


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What is F N B Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. F N B's Revenue for the three months ended in Dec. 2024 was $373 Mil. F N B's Total Assets for the quarter that ended in Dec. 2024 was $48,301 Mil. Therefore, F N B's Asset Turnover for the quarter that ended in Dec. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. F N B's annualized ROE % for the quarter that ended in Dec. 2024 was 7.01%. It is also linked to ROA % through Du Pont Formula. F N B's annualized ROA % for the quarter that ended in Dec. 2024 was 0.91%.


F N B Asset Turnover Historical Data

The historical data trend for F N B'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.

F N B Asset Turnover Chart

F N B 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 0.04 0.04 0.03

F N B 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 0.01 0.01 0.01 0.01

Competitive Comparison of F N B's Asset Turnover

For the Banks - Regional subindustry, F N B'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.


F N B's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where F N B's Asset Turnover falls into.



F N B Asset Turnover Calculation

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

F N B'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 )
=1596/( (46158+48625)/ 2 )
=1596/47391.5
=0.03

F N B'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 )
=373/( (47976+48625)/ 2 )
=373/48300.5
=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.


F N B  (NYSE:FNB) Asset Turnover Explanation

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

F N B's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=440/6275.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(440 / 1492)*(1492 / 48300.5)*(48300.5/ 6275.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=29.49 %*0.0309*7.6967
=ROA %*Equity Multiplier
=0.91 %*7.6967
=7.01 %

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:

F N B's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=440/48300.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(440 / 1492)*(1492 / 48300.5)
=Net Margin %*Asset Turnover
=29.49 %*0.0309
=0.91 %

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.


F N B Asset Turnover Related Terms

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


F N B Business Description

Traded in Other Exchanges
Address
626 Washington Place, Pittsburgh, PA, USA, 15219
F N B Corp provides a full range of financial services, principally to consumers, corporations, governments and small- to medium-sized businesses. It has three reportable business segments: Community Banking, Wealth Management and Insurance. The majority of revenue is from the Community banking segment. It offers commercial & consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets & lease financing. Consumer banking products & services include deposit products, mortgage lending, & consumer lending & a complete suite of mobile & online banking services.
Executives
David L Motley director 517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237
William B Campbell director R.D. #2, 45 ROMAIN ROAD, PULASKI PA 16143
Delie Vincent J Jr director, officer: CEO and President 247 THORN STREET, SEWICKLEY A0 15143
Pamela A Bena director 105 PARK AVE, VENETIA PA 15367
David J Malone director 5004 MCKNIGHT ROAD, PITTSBURGH PA 15237
James Orie officer: Chief Legal Officer, other: Corporate Secretary
Bryant Mitchell officer: Chief Wholesale Banking Office 12 FEDERAL STREET, PITTSBURGH PA 15212
Vincent J Calabrese officer: Chief Financial Officer C/O PEOPLE'S BANK, 850 MAIN STREET, BRIDGEPORT CT 06604
James L Dutey officer: Corporate Controller 100 7TH STREET, APT. 1507, PITTSBURGH PA 15222
Barry C Robinson officer: Chief Consumer Banking Officer 8285 WEMBLEY COURT, CHAGRIN FALLS OH 44023
Gary L Guerrieri officer: Chief Credit Officer 163 DODD DR, WASHINGTON PA 15301-9528
Robert A Hormell director RR 1 BOX 292, WATSONTOWN PA 17777
James D Chiafullo director
William J Strimbu director C/O FNB CORP, 2150 GOODLETTE RD. N., NAPLES FL 34102
Mary Jo Dively director 303 WILDBERRY ROAD, PITTSBURGH PA 15238