If a company builds assets at 19.8% a year, faster than its revenue growth rate of 12.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, South Atlantic Bancshares's average Total Assets Growth Rate was 10.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 19.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 18.20% per year.
During the past 12 years, South Atlantic Bancshares's highest 3-Year average Total Assets Growth Rate was 22.90%. The lowest was 13.30%. And the median was 17.40%.
* 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.
South Atlantic Bancshares Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
South Atlantic Bancshares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
South Atlantic Bancshares (OTCPK:SABK) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
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.
Total Assets is linked to total revenue through Asset Turnover.
South Atlantic Bancshares's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
South Atlantic Bancshares Total Assets Related Terms
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South Atlantic Bancshares (South Atlantic Bancshares) Business Description
South Atlantic Bancshares Inc is A United States-based bank holding company. The business activity of the bank is to provide banking services to domestic markets. Its product offering includes Personal and business checking, Savings, and Money market accounts, along with Residential mortgages, Commercial Loans, and Lines of credit. The bank also offers other services like mobile banking application, treasury, remote deposit capture, and merchant card services; telephone and online banking, and ATM services; and debit and credit cards.
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