Western New England Bancorp (Western New England Bancorp) Asset Turnover

: 0.01 (As of Dec. 2023)

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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Western New England Bancorp's Revenue for the three months ended in Dec. 2023 was $18.89 Mil. Western New England Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,574.79 Mil. Therefore, Western New England 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. Western New England Bancorp's annualized ROE % for the quarter that ended in Dec. 2023 was 4.29%. It is also linked to ROA % through Du Pont Formula. Western New England Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was 0.39%.

Western New England Bancorp Asset Turnover Historical Data

The historical data trend for Western New England 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.

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Western New England Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Turnover

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0.03

0.04

0.03

Western New England Bancorp 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															0.01	0.01	0.01	0.01	0.01

Competitive Comparison

For the Banks - Regional subindustry, Western New England 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.

Western New England Bancorp Asset Turnover Distribution

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

* The bar in red indicates where Western New England Bancorp's Asset Turnover falls into.

Western New England Bancorp Asset Turnover Calculation

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

Western New England 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 )
=	78.809	/	( (2553.15	+	2564.571)	/ 2 )
=	78.809	/	2558.8605
=	0.03

Western New England 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 )
=	18.89	/	( (2585.005	+	2564.571)	/ 2 )
=	18.89	/	2574.788
=	0.01

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.

Western New England Bancorp (NAS:WNEB) Asset Turnover Explanation

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

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

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	10.044	/	234.1615
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(10.044 / 75.56)	*	(75.56 / 2574.788)	*	(2574.788/ 234.1615)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	13.29 %	*	0.0293	*	10.9958
=	ROA %	*	Equity Multiplier
=	0.39 %	*	10.9958
=	4.29 %

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.

^** 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:

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

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	10.044	/	2574.788
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(10.044 / 75.56)	*	(75.56 / 2574.788)
=	Net Margin %	*	Asset Turnover
=	13.29 %	*	0.0293
=	0.39 %

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.

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.

Western New England Bancorp Asset Turnover Related Terms

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Western New England Bancorp (Western New England Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Western New England Bancorp Inc (NAS:WNEB) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

489:Germany

Address

141 Elm Street, Westfield, MA, USA, 01085

Website

https://www.westfieldbank.com

Western New England Bancorp Inc through its bank subsidiary, provides a range of financial services to individuals and companies in western Massachusetts and northern Connecticut. These services include commercial lending, residential lending and consumer lending, checking, savings and time deposits, cash management, and wealth management. Substantially all of the Company's revenues, profits, and assets are derived by the Bank from banking products and services.

Executives

Steven G. Richter	director	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01144
Miles Allen J Iii	officer: EVP & Senior Lender	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Filipe B Goncalves	officer: SVP & Associate CCO	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Laura Benoit	director	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
John E Bonini	officer: SVP, General Counsel	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Kevin C O'connor	officer: EVP & Chief Banking Officer	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Guida R Sajdak	officer: EVP & Chief Financial Officer	70 CENTER STREET, CHICOPEE MA 01013
James C Hagan	director, officer: President and CEO	C/O WESTFIELD FINANCIAL INC, 141 ELM STREET, WESTFIELD MA 01085
Daniel A Marini	officer: SVP Retail Banking & Marketing	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Gorman Louis O Iii	officer: SVP & Chief Credit Officer	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Philip R Smith	director	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Darlene M Libiszewski	officer: SVP, Chief Information Officer	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Christine Phillips	officer: SVP, HR Director	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01086
Gregg F Orlen	director	C/O CHICOPEE BANCORP INC., 70 CENTER STREET, CHICOPEE MA 01013
William D Masse	director	C/O CHICOPEE BANCORP INC., 70 CENTER STREET, CHICOPEE MA 01013