HONT (Honat Bancorp) Asset Turnover: 0.04 (As of Dec. 2018)


HONT Honat Bancorp Inc HONT
12 GF Score
Price $139.00
View Full Analysis

What is Honat Bancorp Asset Turnover?

Honat Bancorp HONT +0.94% 12 Asset Turnover is 0.04 as of Dec. 2018. GuruFocus rates HONT with a GF Score™ of 12/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Honat Bancorp's Revenue for the six months ended in Dec. 2018 was $28.27 Mil. Honat Bancorp's Total Assets for the quarter that ended in Dec. 2018 was $651.76 Mil. Therefore, Honat Bancorp's Asset Turnover for the quarter that ended in Dec. 2018 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Honat Bancorp's annualized ROE % for the quarter that ended in Dec. 2018 was 17.73%. It is also linked to ROA % through Du Pont Formula. Honat Bancorp's annualized ROA % for the quarter that ended in Dec. 2018 was 2.66%.

Honat Bancorp  (OTCPK:HONT) Asset Turnover Explanation

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

Honat Bancorp's annulized ROE % for the quarter that ended in Dec. 2018 is

ROE %**(Q: Dec. 2018 )
=Net Income/Total Stockholders Equity
=17.352/97.8715
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(17.352 / 56.532)*(56.532 / 651.762)*(651.762/ 97.8715)
=Net Margin %*Asset Turnover*Equity Multiplier
=30.69 %*0.0867*6.6594
=ROA %*Equity Multiplier
=2.66 %*6.6594
=17.73 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2018) net income data. The Revenue data used here is two times the semi-annual (Dec. 2018) 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:

Honat Bancorp's annulized ROA % for the quarter that ended in Dec. 2018 is

ROA %(Q: Dec. 2018 )
=Net Income/Total Assets
=17.352/651.762
=(Net Income / Revenue)*(Revenue / Total Assets)
=(17.352 / 56.532)*(56.532 / 651.762)
=Net Margin %*Asset Turnover
=30.69 %*0.0867
=2.66 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2018) net income data. The Revenue data used here is two times the semi-annual (Dec. 2018) 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.

Honat Bancorp Asset Turnover Related Terms

Honat Bancorp Asset Turnover Historical Data

* Premium members only.

The historical data trend for Honat Bancorp'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.

Honat Bancorp Asset Turnover Chart

Honat Bancorp Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec17 Dec18
Asset Turnover
Get a 7-Day Free Trial 0.05 0.06 0.05 0.05 0.04

Honat Bancorp Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec17 Dec18
Asset Turnover Get a 7-Day Free Trial 0.05 0.06 0.05 0.05 0.04

HONT vs BSVN, WEBK, TYCB: Asset Turnover Comparison

For the Banks - Regional subindustry, Honat Bancorp'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.

Honat Bancorp Asset Turnover vs Banks Industry

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

* The bar in red indicates where Honat Bancorp's Asset Turnover falls into.


HONT
12GF Score
Honat Bancorp Inc HONT
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honat Bancorp Asset Turnover Calculation

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

Honat Bancorp's Asset Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2018 )/( (Total Assets (A: Dec. 2017 )+Total Assets (A: Dec. 2018 ))/ count )
=28.266/( (643.352+660.172)/ 2 )
=28.266/651.762
=0.04

Honat Bancorp's Asset Turnover for the quarter that ended in Dec. 2018 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2018 )/( (Total Assets (Q: Dec. 2017 )+Total Assets (Q: Dec. 2018 ))/ count )
=28.266/( (643.352+660.172)/ 2 )
=28.266/651.762
=0.04

* 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 0.04 mean?
Honat Bancorp (HONT) has a Asset Turnover of 0.04 as of Dec. 2018. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Honat Bancorp and its competitors.
Is Honat Bancorp's Asset Turnover too high?
Honat Bancorp's current Asset Turnover is 0.04. Overall, Honat Bancorp has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Honat Bancorp's Asset Turnover compare to BSVN and WEBK?
Honat Bancorp's Asset Turnover of 0.04 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 Honat Bancorp and its competitors. Honat Bancorp's current Asset Turnover is 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honat Bancorp stock overvalued right now?
Honat Bancorp (HONT) has a current Asset Turnover of 0.04. The current Asset Turnover is 0.04. Honat Bancorp's overall GF Score™ is 12/100. 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 Honat Bancorp (HONT), the current Asset Turnover is 0.04 as of Dec. 2018. 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.

Honat Bancorp Business Description

Address 724 Main Street, P.O. Box 350, Honesdale, PA, USA, 18431-0350
Honat Bancorp Inc is a United States-based Bank holding company. It provides full banking services, including trust services. It offers personal banking, business, and financial services. The services include deposit accounts, loan products, digital banking facilities, mortgage facilities, credit cards, and merchant services, among others. Its loan portfolio segments include commercial and industrial, commercial real estate, and retail.
12GF Score

Get the complete analysis for HONT

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

$139.00
Price