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Metropolitan Bank Holding (Metropolitan Bank Holding) Asset Turnover : 0.01 (As of Mar. 2024)


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What is Metropolitan Bank Holding Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Metropolitan Bank Holding's Revenue for the three months ended in Mar. 2024 was $66.7 Mil. Metropolitan Bank Holding's Total Assets for the quarter that ended in Mar. 2024 was $7,260.5 Mil. Therefore, Metropolitan Bank Holding's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Metropolitan Bank Holding's annualized ROE % for the quarter that ended in Mar. 2024 was 9.73%. It is also linked to ROA % through Du Pont Formula. Metropolitan Bank Holding's annualized ROA % for the quarter that ended in Mar. 2024 was 0.89%.


Metropolitan Bank Holding Asset Turnover Historical Data

The historical data trend for Metropolitan Bank Holding'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.

Metropolitan Bank Holding Asset Turnover Chart

Metropolitan Bank Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.04 0.04 0.03 0.04 0.04

Metropolitan Bank Holding 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 Metropolitan Bank Holding's Asset Turnover

For the Banks - Regional subindustry, Metropolitan Bank Holding'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.


Metropolitan Bank Holding's Asset Turnover Distribution in the Banks Industry

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

* The bar in red indicates where Metropolitan Bank Holding's Asset Turnover falls into.



Metropolitan Bank Holding Asset Turnover Calculation

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

Metropolitan Bank Holding'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 )
=250.739/( (6267.337+7067.672)/ 2 )
=250.739/6667.5045
=0.04

Metropolitan Bank Holding's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=66.713/( (7067.672+7453.371)/ 2 )
=66.713/7260.5215
=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.


Metropolitan Bank Holding  (NYSE:MCB) Asset Turnover Explanation

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

Metropolitan Bank Holding's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=64.812/666.281
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(64.812 / 266.852)*(266.852 / 7260.5215)*(7260.5215/ 666.281)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.29 %*0.0368*10.8971
=ROA %*Equity Multiplier
=0.89 %*10.8971
=9.73 %

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

Metropolitan Bank Holding's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=64.812/7260.5215
=(Net Income / Revenue)*(Revenue / Total Assets)
=(64.812 / 266.852)*(266.852 / 7260.5215)
=Net Margin %*Asset Turnover
=24.29 %*0.0368
=0.89 %

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


Metropolitan Bank Holding Asset Turnover Related Terms

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


Metropolitan Bank Holding (Metropolitan Bank Holding) Business Description

Traded in Other Exchanges
N/A
Address
99 Park Avenue, New York, NY, USA, 10016
Metropolitan Bank Holding Corp is a bank holding company. It provides a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and individuals in the New York metropolitan area. The services provided by the company include deposits, trade finance, cash management solutions, savings, electronic banking, cards, and others. The company also provides various lending products such as acquisition loans, construction loans, and lines of credit, retail, office, hospitality, multifamily, mixed-use, warehouse and distribution, and specialty use properties. The bank derives its revenue in the form of interest incomes on loans.
Executives
Daniel F Dougherty officer: EVP & CFO 99 PARK AVENUE, NEW YORK NY 10016
Gerald David Bonnar officer: SVP, Controller, CAO & PAO 99 PARK AVENUE, NEW YORK NY 10016
Frederik F Erikson officer: EVP & General Counsel 99 PARK AVENUE, NEW YORK NY 10016
David J Gold director 99 PARK AVENUE, NEW YORK NY 10016
Terence J Mitchell director 99 PARK AVENUE, NEW YORK NY 10016
Dale C Fredston director 99 PARK AVENUE, NEW YORK NY 10016
Wolf George J Jr director 99 PARK AVENUE, NEW YORK NY 10016
Mark R Defazio director, officer: President and CEO 99 PARK AVENUE, NEW YORK NY 10016
Harvey Gutman director 99 PARK AVENUE, NEW YORK NY 10016
Maria F Ramirez director 99 PARK AVENUE, NEW YORK NY 10016
Scott Lublin officer: EVP and CLO 99 PARK AVENUE, NEW YORK NY 10016
Anthony J Fabiano officer: EVP and CFO 99 PARK AVENUE, NEW YORK NY 10016
Nick Rosenberg officer: EVP and CTO 99 PARK AVENUE, NEW YORK NY 10016
Norman Scott officer: SVP and CCO 99 PARK AVENUE, NEW YORK NY 10016
Katrina Robinson director 99 PARK AVENUE, NEW YORK NY 10016

Metropolitan Bank Holding (Metropolitan Bank Holding) Headlines

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