Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Optima bank's Revenue for the
six
months ended in Jun. 2023 was €83.5 Mil. Optima bank's Total Assets for the quarter that ended in Jun. 2023 was €2,908.5 Mil. Therefore, Optima bank's Asset Turnover for the quarter that ended in Jun. 2023 was 0.03.
Asset Turnover is linked to ROE % through Du Pont Formula. Optima bank's annualizedROE % for the quarter that ended in Jun. 2023 was 31.99%. It is also linked to ROA % through Du Pont Formula. Optima bank's annualizedROA % for the quarter that ended in Jun. 2023 was 3.03%.
Optima bank (FRA:C59) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Optima bank's annulizedROE % for the quarter that ended in Jun. 2023 is
Note:
The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 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:
Optima bank's annulizedROA % for the quarter that ended in Jun. 2023 is
Note:
The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.
Optima bank Asset Turnover Related Terms
Optima bank Asset Turnover Historical Data
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The historical data trend for Optima 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.
Optima bank Asset Turnover Chart
Optima bank Annual Data
Trend
Dec20
Dec21
Dec22
Asset Turnover
0.02
0.04
0.05
Optima bank Semi-Annual Data
Dec20
Dec21
Jun22
Dec22
Jun23
Asset Turnover
0.00
0.00
0.02
0.02
0.03
FRA:C59 vs : Asset Turnover Comparison
For the Banks - Regional subindustry, Optima 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.
Optima bank Asset Turnover vs Banks Industry
For the Banks industry and Financial Services sector, Optima bank's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Optima bank's Asset Turnover falls into.
* 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.
Optima bank (FRA:C59) has a Asset Turnover of 0.03 as of Jun. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Optima bank and its competitors.
Is Optima bank's Asset Turnover too high?
Optima bank's current Asset Turnover is 0.03. Overall, Optima bank has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Optima bank's Asset Turnover compare to ?
Optima bank's Asset Turnover of 0.03 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 Optima bank and its competitors. Optima bank's current Asset Turnover is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optima bank stock overvalued right now?
Optima bank (FRA:C59) has a current Asset Turnover of 0.03. The current Asset Turnover is 0.03. Optima bank's overall GF Score™ is 20/100. 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 Optima bank (FRA:C59), the current Asset Turnover is 0.03 as of Jun. 2023. 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.
Optima bank SA is a banking and financial services providing institution which caters to the needs of customers both retail and businesses, products and services. It also provides a wide range of banking and brokerage services as well as investment banking services covering the broadest sectors such as Private Banking or Retail Banking, Corporate Banking, Other Services, Capital Management Services, and Business Receivables Agency.
20GF Score
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