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OCFC (OceanFirst Financial) Asset Turnover : 0.01 (As of Sep. 2024)


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What is OceanFirst Financial Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. OceanFirst Financial's Revenue for the three months ended in Sep. 2024 was $95.8 Mil. OceanFirst Financial's Total Assets for the quarter that ended in Sep. 2024 was $13,405.1 Mil. Therefore, OceanFirst Financial's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. OceanFirst Financial's annualized ROE % for the quarter that ended in Sep. 2024 was 5.96%. It is also linked to ROA % through Du Pont Formula. OceanFirst Financial's annualized ROA % for the quarter that ended in Sep. 2024 was 0.75%.


OceanFirst Financial Asset Turnover Historical Data

The historical data trend for OceanFirst Financial'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.

OceanFirst Financial Asset Turnover Chart

OceanFirst Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.03 0.04 0.03 0.03

OceanFirst Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 OceanFirst Financial's Asset Turnover

For the Banks - Regional subindustry, OceanFirst Financial'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.


OceanFirst Financial's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where OceanFirst Financial's Asset Turnover falls into.



OceanFirst Financial Asset Turnover Calculation

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

OceanFirst Financial'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 )
=398.715/( (13103.896+13538.253)/ 2 )
=398.715/13321.0745
=0.03

OceanFirst Financial's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=95.75/( (13321.755+13488.483)/ 2 )
=95.75/13405.119
=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.


OceanFirst Financial  (NAS:OCFC) Asset Turnover Explanation

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

OceanFirst Financial's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=100.464/1684.7695
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(100.464 / 383)*(383 / 13405.119)*(13405.119/ 1684.7695)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.23 %*0.0286*7.9566
=ROA %*Equity Multiplier
=0.75 %*7.9566
=5.96 %

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

OceanFirst Financial's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=100.464/13405.119
=(Net Income / Revenue)*(Revenue / Total Assets)
=(100.464 / 383)*(383 / 13405.119)
=Net Margin %*Asset Turnover
=26.23 %*0.0286
=0.75 %

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


OceanFirst Financial Asset Turnover Related Terms

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


OceanFirst Financial Business Description

Traded in Other Exchanges
Address
110 West Front Street, Red Bank, NJ, USA, 07701
OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.
Executives
Murphy Joseph M. Jr. director 110 WEST FRONT STREET, RED BANK NJ 07701
Brian Schaeffer other: EVP & CIO, OceanFirst Bank 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Christopher Maher director, officer: Chairman, President and CEO 209 HAVEMEYER STREET, BROOKLYN NY 11211
Steven James Tsimbinos officer: Executive VP/Corp. Secretary C/O OCEANFIRST BANK, 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Anthony Iii Giordano other: Chief Retail Officer, OFB 4 KELLY LANE, LONG BRANCH NJ 07740
Joseph Iii Lebel other: EVP, CBO OceanFirst Bank 975 HOOPER AVENUE, TOMS RIVER NJ 08754
Michele B Estep officer: Chief Administrative Officer 226 LANDIS AVENUE, VINELAND NJ 08360
Angela K Ho officer: SVP/Chief Accounting Off. 975 HOOPER AVENUE, TOMS RIVER NJ 08753
John F Barros director 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Robert C Garrett director 110 WEST FRONT STREET, RED BANK NJ 07701
David Berninger officer: EVP & Chief Risk Officer 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Dalila Wilson-scott director 110 WEST FRONT STREET, RED BANK NJ 07701
Oceanfirst Financial Corp director 975 HOOPER AVENUE, TOMS RIVER NJ 08723
Jack M. Farris director C/O OCEANFIRST BANK, 975 HOOPER AVE., TOMS RIVER NJ 08754
Patrick Sean Barrett officer: Executive Vice President & CFO C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602