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Richmond Mutual Bancorp Asset Turnover

: 0.01 (As of Sep. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Richmond Mutual Bancorp's Revenue for the three months ended in Sep. 2021 was $11.06 Mil. Richmond Mutual Bancorp's Total Assets for the quarter that ended in Sep. 2021 was $1,209.60 Mil. Therefore, Richmond Mutual Bancorp's Asset Turnover for the quarter that ended in Sep. 2021 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Richmond Mutual Bancorp's annualized ROE % for the quarter that ended in Sep. 2021 was 6.83%. It is also linked to ROA % through Du Pont Formula. Richmond Mutual Bancorp's annualized ROA % for the quarter that ended in Sep. 2021 was 1.02%.


Richmond Mutual Bancorp Asset Turnover Historical Data

The historical data trend for Richmond Mutual 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.

Richmond Mutual Bancorp Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Asset Turnover
0.04 0.04 0.04 0.04

Richmond Mutual Bancorp Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Asset Turnover 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

Richmond Mutual Bancorp Asset Turnover Calculation

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

Richmond Mutual Bancorp's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=40.144/( (986.042+1084.193)/ 2 )
=40.144/1035.1175
=0.04

Richmond Mutual Bancorp's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=11.064/( (1188.48+1230.712)/ 2 )
=11.064/1209.596
=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.


Richmond Mutual Bancorp  (NAS:RMBI) Asset Turnover Explanation

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

Richmond Mutual Bancorp's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=12.328/180.6035
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(12.328 / 44.256)*(44.256 / 1209.596)*(1209.596/ 180.6035)
=Net Margin %*Asset Turnover*Equity Multiplier
=27.86 %*0.0366*6.6975
=ROA %*Equity Multiplier
=1.02 %*6.6975
=6.83 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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:

Richmond Mutual Bancorp's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=12.328/1209.596
=(Net Income / Revenue)*(Revenue / Total Assets)
=(12.328 / 44.256)*(44.256 / 1209.596)
=Net Margin %*Asset Turnover
=27.86 %*0.0366
=1.02 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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.


Richmond Mutual Bancorp Asset Turnover Related Terms

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


Richmond Mutual Bancorp Business Description

Richmond Mutual Bancorp logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6011
Traded in Other Exchanges
N/A
Address
31 North 9th Street, Richmond, IN, USA, 47374
Richmond Mutual Bancorp Inc is a United States-based banking company. Its principal business consists of attracting deposits from the general public & brokered deposits and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences, a variety of consumer loans, direct financing leases, and commercial and industrial loans.
Executives
Weinert Dean W. officer: President, Mutual Federal RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Hanley Harold T. Iii director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Weinert Robin S. officer: SVP Operations/Retail Banking RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Mann Lindley S. director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Kleer Garry D. director, officer: President, CEO RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Blum E. Michael director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Stevens W. Ray Iii director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Jackson Jeffrey A. director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Spears Alan M. officer: Senior Vice President, Trust RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Benziger Donald A officer: EVP, Chief Financial Officer RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Cruz-uribe Kathryn director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Wetzel M. Lynn director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Fullerton Albert E. Jr. officer: SVP, Chief Information Officer RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Stoops Pamela S. officer: SVP, Retail Lending Manager RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
Brittenham Beth A. officer: SVP, HR Director RICHMOND MUTUAL BANCORPORATION, INC. 31 N. 9TH STREET RICHMOND IN 47374
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