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First National Financial (TSX:FN) Asset Turnover : 0.00 (As of Dec. 2024)


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What is First National 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. First National Financial's Revenue for the three months ended in Dec. 2024 was C$166.1 Mil. First National Financial's Total Assets for the quarter that ended in Dec. 2024 was C$50,808.7 Mil. Therefore, First National Financial's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. First National Financial's annualized ROE % for the quarter that ended in Dec. 2024 was 34.08%. It is also linked to ROA % through Du Pont Formula. First National Financial's annualized ROA % for the quarter that ended in Dec. 2024 was 0.50%.


First National Financial Asset Turnover Historical Data

The historical data trend for First National 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.

First National Financial Asset Turnover Chart

First National 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 0.01 0.01 0.01 0.01 0.01

First National 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 - - - - -

Competitive Comparison of First National Financial's Asset Turnover

For the Mortgage Finance subindustry, First National 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.


First National Financial's Asset Turnover Distribution in the Banks Industry

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

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


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First National Financial Asset Turnover Calculation

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

First National Financial's Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=587.606/( (45957.399+51157.141)/ 2 )
=587.606/48557.27
=0.01

First National Financial's Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=166.084/( (50460.286+51157.141)/ 2 )
=166.084/50808.7135
=0.00

* 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.


First National Financial  (TSX:FN) Asset Turnover Explanation

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

First National Financial's annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=252.076/739.6995
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(252.076 / 664.336)*(664.336 / 50808.7135)*(50808.7135/ 739.6995)
=Net Margin %*Asset Turnover*Equity Multiplier
=37.94 %*0.0131*68.6883
=ROA %*Equity Multiplier
=0.50 %*68.6883
=34.08 %

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

First National Financial's annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=252.076/50808.7135
=(Net Income / Revenue)*(Revenue / Total Assets)
=(252.076 / 664.336)*(664.336 / 50808.7135)
=Net Margin %*Asset Turnover
=37.94 %*0.0131
=0.50 %

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


First National Financial Asset Turnover Related Terms

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


First National Financial Business Description

Address
16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6
First National Financial Corp is a Canadian originator, underwriter and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.
Executives
Fnsc Holdings Inc. 10% Security Holder
Stephen Smith Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Martine Irman Director
Diane Sinhuber Director
First National Securities Corporation 10% Security Holder
Hilda Wong Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Barbara Frank Palk Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Duncan Newton Rowell Jackman Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

First National Financial Headlines

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