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Isabella Bank (Isabella Bank) Asset Turnover : 0.01 (As of Mar. 2024)


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What is Isabella Bank Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Isabella Bank's Revenue for the three months ended in Mar. 2024 was $16.06 Mil. Isabella Bank's Total Assets for the quarter that ended in Mar. 2024 was $2,058.27 Mil. Therefore, Isabella Bank's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Isabella Bank's annualized ROE % for the quarter that ended in Mar. 2024 was 6.21%. It is also linked to ROA % through Du Pont Formula. Isabella Bank's annualized ROA % for the quarter that ended in Mar. 2024 was 0.61%.


Isabella Bank Asset Turnover Historical Data

The historical data trend for Isabella 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.

* Premium members only.

Isabella Bank Asset Turnover Chart

Isabella Bank 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 0.03 0.03 0.03 0.04 0.03

Isabella Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Isabella Bank's Asset Turnover

For the Banks - Regional subindustry, Isabella 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.


Isabella Bank's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Isabella Bank's Asset Turnover falls into.



Isabella Bank Asset Turnover Calculation

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

Isabella Bank'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 )
=69.077/( (2030.267+2058.968)/ 2 )
=69.077/2044.6175
=0.03

Isabella Bank's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=16.058/( (2058.968+2057.576)/ 2 )
=16.058/2058.272
=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.


Isabella Bank  (OTCPK:ISBA) Asset Turnover Explanation

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

Isabella Bank's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=12.524/201.538
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(12.524 / 64.232)*(64.232 / 2058.272)*(2058.272/ 201.538)
=Net Margin %*Asset Turnover*Equity Multiplier
=19.5 %*0.0312*10.2128
=ROA %*Equity Multiplier
=0.61 %*10.2128
=6.21 %

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

Isabella Bank's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=12.524/2058.272
=(Net Income / Revenue)*(Revenue / Total Assets)
=(12.524 / 64.232)*(64.232 / 2058.272)
=Net Margin %*Asset Turnover
=19.5 %*0.0312
=0.61 %

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


Isabella Bank Asset Turnover Related Terms

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


Isabella Bank (Isabella Bank) Business Description

Traded in Other Exchanges
N/A
Address
401 North Main Street, Mount Pleasant, MI, USA, 48858
Isabella Bank Corp is a US based financial service holding company. It offers banking services to businesses, institutions, and individuals. Its lending activities include loans made according to commercial and agricultural operating and real estate purposes, residential real estate loans, and consumer loans. Deposit services offered include checking accounts, savings accounts, certificates of deposit, direct deposits, cash management services, mobile and internet banking, electronic bill pay services, and automated teller machines. The company also offers full-service trust and brokerage services.
Executives
Jill Bourland director 619 S. MISSION ST., MOUNT PLEASANT MI 48858
Jon D Catlin officer: Chief Credit Officer 139 E. BROADWAY ST., MT. PLEASANT MI 48858
Jerome E Schwind officer: Executive VP & COO 2132 COBBLESTONE CT., MT. PLEASANT MI 48858
Peggy Wheeler officer: Senior Vice President
Gregory V Varner director 8439 N. BLAIR RD., BRECKENRIDGE MI 48615
Chad R Payton director 214 EAST RIVER ROAD, MT. PLEASANT MI 48858
Sarah R Opperman director 401 N MAIN ST, MT PLEASANT MI 48858
Richard L Mcguirk director 770 STONERIDGE DR., MT. PLEASANT MI 48858
David J Maness director PO BOX 100, MT PLEASANT MI 48858
Jae A Evans director, officer: CEO 1030 CLUBHOUSE DRIVE, LAKE ISABELLA MI 48893
Vicki L Rupp director 4399 HACKETT ROAD, SAGINAW MI 48603
Melinda Marie Coffin director 253 S. LEATON RD., MT. PLEASANT MI 48858
G Charles Hubscher director 3660 MINERAL SPRINGS TRAIL, MT PLEASANT MI 48858
Michael P Prisby officer: Treasurer 707 RIDGE ROAD, MUNSTER IN 46321
Julie Huber officer: VP & Chief Technology Officer 401 N MAIN STREET, MT. PLEASANT MI 48858