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PAB Bankshares (PAB Bankshares) Asset Turnover : 0.01 (As of Sep. 2010)


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What is PAB Bankshares Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. PAB Bankshares's Revenue for the three months ended in Sep. 2010 was $6.60 Mil. PAB Bankshares's Total Assets for the quarter that ended in Sep. 2010 was $1,077.64 Mil. Therefore, PAB Bankshares's Asset Turnover for the quarter that ended in Sep. 2010 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. PAB Bankshares's annualized ROE % for the quarter that ended in Sep. 2010 was -77.50%. It is also linked to ROA % through Du Pont Formula. PAB Bankshares's annualized ROA % for the quarter that ended in Sep. 2010 was -1.66%.


PAB Bankshares Asset Turnover Historical Data

The historical data trend for PAB Bankshares'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.

PAB Bankshares Asset Turnover Chart

PAB Bankshares Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.01 0.04 0.03 0.03

PAB Bankshares Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
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

Competitive Comparison of PAB Bankshares's Asset Turnover

For the Banks - Regional subindustry, PAB Bankshares'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.


PAB Bankshares's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where PAB Bankshares's Asset Turnover falls into.



PAB Bankshares Asset Turnover Calculation

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

PAB Bankshares's Asset Turnover for the fiscal year that ended in Dec. 2009 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2009 )/( (Total Assets (A: Dec. 2008 )+Total Assets (A: Dec. 2009 ))/ count )
=32.845/( (1350.103+1231.945)/ 2 )
=32.845/1291.024
=0.03

PAB Bankshares's Asset Turnover for the quarter that ended in Sep. 2010 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2010 )/( (Total Assets (Q: Jun. 2010 )+Total Assets (Q: Sep. 2010 ))/ count )
=6.596/( (1111.082+1044.2)/ 2 )
=6.596/1077.641
=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.


PAB Bankshares  (OTCPK:PABK) Asset Turnover Explanation

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

PAB Bankshares's annulized ROE % for the quarter that ended in Sep. 2010 is

ROE %**(Q: Sep. 2010 )
=Net Income/Total Stockholders Equity
=-17.836/23.015
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-17.836 / 26.384)*(26.384 / 1077.641)*(1077.641/ 23.015)
=Net Margin %*Asset Turnover*Equity Multiplier
=-67.6 %*0.0245*46.8234
=ROA %*Equity Multiplier
=-1.66 %*46.8234
=-77.50 %

Note: The Net Income data used here is four times the quarterly (Sep. 2010) net income data. The Revenue data used here is four times the quarterly (Sep. 2010) 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:

PAB Bankshares's annulized ROA % for the quarter that ended in Sep. 2010 is

ROA %(Q: Sep. 2010 )
=Net Income/Total Assets
=-17.836/1077.641
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-17.836 / 26.384)*(26.384 / 1077.641)
=Net Margin %*Asset Turnover
=-67.6 %*0.0245
=-1.66 %

Note: The Net Income data used here is four times the quarterly (Sep. 2010) net income data. The Revenue data used here is four times the quarterly (Sep. 2010) 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.


PAB Bankshares Asset Turnover Related Terms

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


PAB Bankshares (PAB Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
Website
PAB Bankshares, Inc. was organized and incorporated in 1982 under the laws of the State of Georgia. It is the holding Company for The Park Avenue Bank. The bank offers traditional banking products and services to commercial and individual customers in its markets. Its product line includes, among other things, loans to small- and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, consumer loans, and a number of commercial and consumer demand, savings and time deposit products. It also offers internet banking, on-line cash management, electronic bill payment services, safe deposit box rentals, telephone banking, credit and debit card services, remote depository products and the availability of a network of ATMs to its customers. In addition, through an agreement with a third-party broker-dealer and investment advisory firm, it is able to offer securities brokerage and investment advisory services to its customers. The Company also owns PAB Bankshares Capital Trust II, a Delaware statutory business trust. This non-operating subsidiary's sole purpose is issuing trust preferred securities and investing the proceeds in subordinated debt issued by the company. It faces competitive pressures from both larger regional banks and smaller community banks and thrifts in attracting and retaining commercial and consumer accounts.
Executives
Nicole S Stokes officer: EVP/CFO 3250 NORTH VALDOSTA ROAD, VALDOSTA GA 31602

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