GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Village Bank and Trust Financial Corp (NAS:VBFC) » Definitions » Asset Turnover

Village Bank and Trust Financial (Village Bank and Trust Financial) Asset Turnover : 0.01 (As of Dec. 2023)


View and export this data going back to 2000. Start your Free Trial

What is Village Bank and Trust 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. Village Bank and Trust Financial's Revenue for the three months ended in Dec. 2023 was $7.84 Mil. Village Bank and Trust Financial's Total Assets for the quarter that ended in Dec. 2023 was $732.06 Mil. Therefore, Village Bank and Trust Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Village Bank and Trust Financial's annualized ROE % for the quarter that ended in Dec. 2023 was 10.31%. It is also linked to ROA % through Du Pont Formula. Village Bank and Trust Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 0.92%.


Village Bank and Trust Financial Asset Turnover Historical Data

The historical data trend for Village Bank and Trust 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.

Village Bank and Trust Financial Asset Turnover Chart

Village Bank and Trust Financial 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 0.05 0.05 0.05 0.04 0.04

Village Bank and Trust Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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

Competitive Comparison of Village Bank and Trust Financial's Asset Turnover

For the Banks - Regional subindustry, Village Bank and Trust 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.


Village Bank and Trust Financial's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Village Bank and Trust Financial's Asset Turnover falls into.



Village Bank and Trust Financial Asset Turnover Calculation

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

Village Bank and Trust 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 )
=25.252/( (723.27+736.616)/ 2 )
=25.252/729.943
=0.03

Village Bank and Trust Financial'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 )
=7.84/( (727.504+736.616)/ 2 )
=7.84/732.06
=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.


Village Bank and Trust Financial  (NAS:VBFC) Asset Turnover Explanation

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

Village Bank and Trust Financial's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=6.768/65.6205
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.768 / 31.36)*(31.36 / 732.06)*(732.06/ 65.6205)
=Net Margin %*Asset Turnover*Equity Multiplier
=21.58 %*0.0428*11.156
=ROA %*Equity Multiplier
=0.92 %*11.156
=10.31 %

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:

Village Bank and Trust Financial's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=6.768/732.06
=(Net Income / Revenue)*(Revenue / Total Assets)
=(6.768 / 31.36)*(31.36 / 732.06)
=Net Margin %*Asset Turnover
=21.58 %*0.0428
=0.92 %

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.


Village Bank and Trust Financial Asset Turnover Related Terms

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


Village Bank and Trust Financial (Village Bank and Trust Financial) Business Description

Traded in Other Exchanges
N/A
Address
13319 Midlothian Turnpike, Midlothian, VA, USA, 23113
Village Bank and Trust Financial Corp is a bank holding company. The bank is the primary operating business of the company. It offers a range of banking and related financial services, including checking, savings, certificates of deposit and other depository services, and commercial, real estate, and consumer loans, primarily in the Richmond, Virginia and Williamsburg, Virginia metropolitan areas. Its operating segment includes Commercial Banking and Mortgage Banking. The company generates maximum revenue from the Commercial Banking segment.
Executives
Selena Trudy Sanderson director 13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113
Ronald L. Carey director 13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113
Jennifer J. Church director P.O. BOX 330, MIDLOTHIAN VA 23113
Mary Margaret Kastelberg director P.O. BOX 330, MIDLOTHIAN VA 23113
Christy Quesenbery officer: EVP-Operations 11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Roy I Barzel officer: EVP-CCO 11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Kenneth R Lehman 10 percent owner 122 N GORDON ROAD, FT LAUDERDALE FL 33301
Craig D Bell director PO BOX 330, MIDLOTHIAN VA 23113
Jenkins Frank E. Jr. director PO BOX 330, MIDLOTHIAN VA 23113
Avery Raymond Thomas Iii director PO BOX 330, MIDLOTHIAN VA 23113
Michael A Katzen director 15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
William G Foster officer: Senior Vice President 15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
Hendricks James E Jr officer: EVP-Chief Credit Officer C/O VILLAGE BANK, P.O. BOX 330, MIDLOTHIAN VA 23113
Charles E Walton director 15521 MIDLOTHIAN TURNPIKE, SUITE 200, MIDLOTHIAN VA 23113
Kaloski Donald M. Jr. officer: EVP-CFO 13319 MIDLOTHIAN TURNPIKE, MIDLOTHIAN VA 23113

Village Bank and Trust Financial (Village Bank and Trust Financial) Headlines

From GuruFocus