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Kentucky First Federal Bancorp (Kentucky First Federal Bancorp) Asset Turnover : 0.01 (As of Dec. 2023)


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What is Kentucky First Federal Bancorp Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Kentucky First Federal Bancorp's Revenue for the three months ended in Dec. 2023 was $1.70 Mil. Kentucky First Federal Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $361.52 Mil. Therefore, Kentucky First Federal Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Kentucky First Federal Bancorp's annualized ROE % for the quarter that ended in Dec. 2023 was -2.92%. It is also linked to ROA % through Du Pont Formula. Kentucky First Federal Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was -0.40%.


Kentucky First Federal Bancorp Asset Turnover Historical Data

The historical data trend for Kentucky First Federal 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.

* Premium members only.

Kentucky First Federal Bancorp Asset Turnover Chart

Kentucky First Federal Bancorp Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 0.03 0.03

Kentucky First Federal Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Kentucky First Federal Bancorp's Asset Turnover

For the Banks - Regional subindustry, Kentucky First Federal 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.


Kentucky First Federal Bancorp's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Kentucky First Federal Bancorp's Asset Turnover falls into.



Kentucky First Federal Bancorp Asset Turnover Calculation

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

Kentucky First Federal Bancorp's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=9.148/( (328.08+349.022)/ 2 )
=9.148/338.551
=0.03

Kentucky First Federal Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1.703/( (356.784+366.247)/ 2 )
=1.703/361.5155
=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.


Kentucky First Federal Bancorp  (NAS:KFFB) Asset Turnover Explanation

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

Kentucky First Federal Bancorp's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-1.444/49.416
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.444 / 6.812)*(6.812 / 361.5155)*(361.5155/ 49.416)
=Net Margin %*Asset Turnover*Equity Multiplier
=-21.2 %*0.0188*7.3158
=ROA %*Equity Multiplier
=-0.40 %*7.3158
=-2.92 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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:

Kentucky First Federal Bancorp's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-1.444/361.5155
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.444 / 6.812)*(6.812 / 361.5155)
=Net Margin %*Asset Turnover
=-21.2 %*0.0188
=-0.40 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


Kentucky First Federal Bancorp Asset Turnover Related Terms

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


Kentucky First Federal Bancorp (Kentucky First Federal Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
216 West Main Street, P.O. Box 535, Frankfort, KY, USA, 40602
Kentucky First Federal Bancorp is a holding company. The company through its subsidiaries is engaged mainly in the business of accepting deposits from the general public and using such funds to originate loans secured by first mortgages on owner-occupied, residential real estate and other loans secured by real estate. Its primary products and services include Residential mortgage loans, Multi-family loans, Construction loans and types of deposits, etc. The company mainly operates in Perry, Franklin, Boyle and Garrard and surrounding counties in Kentucky, US.
Executives
Ecton Walter G Jr director 479 MAIN STREET, HAZARD KY 41702
Teresa K Hulette officer: EVP-First Federal of Frankfort P.O. BOX 535, FRANKFORT KY 40602
R Clay Hulette officer: V.P., CFO & Treasurer 216 WEST MAIN STREET, P.O. BOX 535, FRANKFORT KY 40602
C Michael Davenport director 216 WEST MAIN STREET, P.O. BOX 535, FRANKFORT KY 40602
Don D Jennings director, officer: President & COO C/O FIRST FEDERAL, P O BOX 535, FRANKFORT KY 40602
Tony D Whitaker director, 10 percent owner, officer: CEO & Chairman of the Board 479 MAIN STREET, HAZARD KY 41702
Jaime Steele Coffey officer: President & CEO--First Federal, other: President of First Federal MHC C/O KENTUCKY FIRST FEDERAL BANCORP, 655 MAIN STREET, HAZARD KY 41702
Lou Ella Farler officer: Pres. & CEO-FFS&L of Hazard P.O. BOX 535, FRANKFORT KY 40602
William H Johnson director, officer: Area Pres.-FFSB of Kentucky 340 WEST MAIN STREET, DANVILLE KY 40422
Hudson W Banks Iii director 340 WEST MAIN STREET, DANVILLE KY 40422
Gorman William D Jr director 479 MAIN STREET, HAZARD KY 41702
Federal Mhc First 10 percent owner 479 MAIN STREET, HAZARD KY 41702
William D Gorman director 479 MAIN STREET, HAZARD KY 41702
Pulliam Roy L Jr officer: Vice President & Secretary 479 MAIN STREET, HAZARD KY 41702
Regan Herman D Jr director 216 WEST MAIN STREET, P.O. BOX 535, FRANKFORT KY 40602

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