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PPBI (Pacific Premier Bancorp) Asset Turnover : 0.01 (As of Sep. 2024)


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What is Pacific Premier 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. Pacific Premier Bancorp's Revenue for the three months ended in Sep. 2024 was $136.6 Mil. Pacific Premier Bancorp's Total Assets for the quarter that ended in Sep. 2024 was $18,121.0 Mil. Therefore, Pacific Premier Bancorp's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Pacific Premier Bancorp's annualized ROE % for the quarter that ended in Sep. 2024 was 4.91%. It is also linked to ROA % through Du Pont Formula. Pacific Premier Bancorp's annualized ROA % for the quarter that ended in Sep. 2024 was 0.79%.


Pacific Premier Bancorp Asset Turnover Historical Data

The historical data trend for Pacific Premier 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.

Pacific Premier Bancorp Asset Turnover Chart

Pacific Premier Bancorp 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 0.04 0.04 0.04 0.04 0.02

Pacific Premier Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Pacific Premier Bancorp's Asset Turnover

For the Banks - Regional subindustry, Pacific Premier 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.


Pacific Premier Bancorp's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Pacific Premier Bancorp's Asset Turnover falls into.



Pacific Premier Bancorp Asset Turnover Calculation

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

Pacific Premier Bancorp'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 )
=409.402/( (21688.017+19026.645)/ 2 )
=409.402/20357.331
=0.02

Pacific Premier Bancorp'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 )
=136.557/( (18332.325+17909.643)/ 2 )
=136.557/18120.984
=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.


Pacific Premier Bancorp  (NAS:PPBI) Asset Turnover Explanation

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

Pacific Premier Bancorp's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=143.916/2933.8505
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(143.916 / 546.228)*(546.228 / 18120.984)*(18120.984/ 2933.8505)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.35 %*0.0301*6.1765
=ROA %*Equity Multiplier
=0.79 %*6.1765
=4.91 %

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:

Pacific Premier Bancorp's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=143.916/18120.984
=(Net Income / Revenue)*(Revenue / Total Assets)
=(143.916 / 546.228)*(546.228 / 18120.984)
=Net Margin %*Asset Turnover
=26.35 %*0.0301
=0.79 %

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.


Pacific Premier Bancorp Asset Turnover Related Terms

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


Pacific Premier Bancorp Business Description

Traded in Other Exchanges
N/A
Address
17901 Von Karman Avenue, Suite 1200, Irvine, CA, USA, 92614
Pacific Premier Bancorp Inc through its subsidiaries, provides banking products and services. It offers cash management, electronic banking services, credit facilities, and retirement accounts, among others.
Executives
Margaret S. Ohlhaver officer: Sr.EVP, Chf Human Res. Officer 17911 VON KARMAN, SUITE 1200, IRVINE CA 92614
Jeff C Jones director 1199 SOUTH FAIRWAY DRIVE, 2ND FLOOR, WALNUT CA 91789
Edward Earl Wilcox officer: EVP/Chief Lending Officer 13221 SUSSEX PLACE, SANTA ANA CA 92705
Lori R Wright officer: EVP, Chief Accounting Officer 17901 VON KARMAN AVENUE, SUITE 1200, IRVINE CA 92614
Tamara Wendoll officer: EVP/COO Pacific Premier Trust 17901 VAN KARMAN, SUITE 1200, IRVINE CA 92614
Barbara Polsky director 3731 FWILSHIRE BLCD 10TH FLOOR, LOS ANGELES CA 90010
Michael S Karr officer: EVP & Chief Credit Officer 1600 SUNFLOWER AVE, COSTA MESA CA 92626
Tom Rice officer: EVP & Chief Operating Officer 17901 VON KARMAN AVENUE, SUITE 1200, IRVINE CA 92614
Joseph L Garrett director 2820 DERBY STREET, BERKELEY CA 94705
Sherri V. Scott officer: Sr.EVP,Dir ESG & Corp Respons. 17911 VON KARMAN, SUITE 1200, IRVINE CA 92614
Steven R Gardner officer: President/CEO 12131 ORVILLINA DRIVE, SANTA ANA CA 92705
Stephanie Hsieh director 17901 VON KARMAN, SUITE 1200, IRVINE CA 92614
Rose Mckinney-james director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
George M. Pereira director 17901 VON KARMAN, SUITE 1200, IRVINE CA 92614
Jaynie M Studenmund director 506 SECOND AVENUE, 9TH FLOOR, SEATTLE WA 98104