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RBB Bancorp (RBB Bancorp) Asset Turnover : 0.01 (As of Dec. 2023)


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What is RBB 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. RBB Bancorp's Revenue for the three months ended in Dec. 2023 was $33.1 Mil. RBB Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $4,047.7 Mil. Therefore, RBB 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. RBB Bancorp's annualized ROE % for the quarter that ended in Dec. 2023 was 9.53%. It is also linked to ROA % through Du Pont Formula. RBB Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was 1.19%.


RBB Bancorp Asset Turnover Historical Data

The historical data trend for RBB 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.

RBB Bancorp Asset Turnover Chart

RBB 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 0.03

RBB Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 RBB Bancorp's Asset Turnover

For the Banks - Regional subindustry, RBB 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.


RBB Bancorp's Asset Turnover Distribution in the Banks Industry

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

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



RBB Bancorp Asset Turnover Calculation

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

RBB 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 )
=134.272/( (3919.058+4026.025)/ 2 )
=134.272/3972.5415
=0.03

RBB 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 )
=33.063/( (4069.354+4026.025)/ 2 )
=33.063/4047.6895
=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.


RBB Bancorp  (NAS:RBB) Asset Turnover Explanation

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

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

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=48.292/506.8135
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(48.292 / 132.252)*(132.252 / 4047.6895)*(4047.6895/ 506.8135)
=Net Margin %*Asset Turnover*Equity Multiplier
=36.52 %*0.0327*7.9865
=ROA %*Equity Multiplier
=1.19 %*7.9865
=9.53 %

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:

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

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=48.292/4047.6895
=(Net Income / Revenue)*(Revenue / Total Assets)
=(48.292 / 132.252)*(132.252 / 4047.6895)
=Net Margin %*Asset Turnover
=36.52 %*0.0327
=1.19 %

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.


RBB Bancorp Asset Turnover Related Terms

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


RBB Bancorp (RBB Bancorp) Business Description

Traded in Other Exchanges
Address
1055 Wilshire Boulevard, 12th Floor, Los Angeles, CA, USA, 90017
RBB Bancorp operates as a bank holding company. It provides various banking products and services such as checking, savings, money market accounts, and certificates of deposits. Its Specific services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance, and a full range of depository accounts. It generates its revenue from interest received on loans and leases and, to a lesser extent, from interest received on investment securities and derives income from noninterest sources, such as fees received in connection with various lending and deposit services, loan servicing, gain on sales of loans, and wealth management services.
Executives
Lee Joyce Wong director 1055 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90017
James Kao director 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Robert Franko director C/O ROYAL BUSINESS BANK, 1055 WILSHIRE BLVD, LOS ANGELES CA 90017
Scott Polakoff director 1055 WILSHIRE BLVD., SUITE 1200, LOS ANGELES CA 90017
Johnny C Lee officer: Pres / Chief Banking Officer
Frank Wong director 1055 WILSHIRE BIVD, SUITE 1200, LOS ANGELES CA 90017
Bill Bennett director 1055 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90017
Alex Ko officer: EVP/Chief Financial Officer 3200 WILSHIRE BOULEVARD, 14TH FLOOR, LOS ANGELES CA 30010
Gary Fan officer: EVP/Chief Admin Officer 1055 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90017
Vincent Liu officer: EVP 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Simon Pang officer: EVP 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Yee Phong Thian officer: President/CEO 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Geraldine Pannu director 7380 COCA COLA DRIVE, SUITE 106, HANOVER MD 21076
Feng Lin director 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017
Paul Lin director 1055 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90017