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5Banc Split (TSX:FBS.PR.C.PFD) Asset Turnover : 0.09 (As of Jun. 2016)


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What is 5Banc Split Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. 5Banc Split's Revenue for the six months ended in Jun. 2016 was C$2.99 Mil. 5Banc Split's Total Assets for the quarter that ended in Jun. 2016 was C$35.40 Mil. Therefore, 5Banc Split's Asset Turnover for the quarter that ended in Jun. 2016 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. 5Banc Split's annualized ROE % for the quarter that ended in Jun. 2016 was 23.28%. It is also linked to ROA % through Du Pont Formula. 5Banc Split's annualized ROA % for the quarter that ended in Jun. 2016 was 16.05%.


5Banc Split Asset Turnover Historical Data

The historical data trend for 5Banc Split'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.

5Banc Split Asset Turnover Chart

5Banc Split Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.05 0.05 0.17 0.01

5Banc Split Semi-Annual Data
Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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 0.13 0.02 0.02 -0.01 0.09

Competitive Comparison of 5Banc Split's Asset Turnover

For the Asset Management subindustry, 5Banc Split'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.


5Banc Split's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 5Banc Split's Asset Turnover distribution charts can be found below:

* The bar in red indicates where 5Banc Split's Asset Turnover falls into.



5Banc Split Asset Turnover Calculation

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

5Banc Split's Asset Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2015 )/( (Total Assets (A: Dec. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=0.539/( (43.252+34.293)/ 2 )
=0.539/38.7725
=0.01

5Banc Split's Asset Turnover for the quarter that ended in Jun. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2016 )/( (Total Assets (Q: Dec. 2015 )+Total Assets (Q: Jun. 2016 ))/ count )
=2.994/( (34.293+36.498)/ 2 )
=2.994/35.3955
=0.08

* 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.


5Banc Split  (TSX:FBS.PR.C.PFD) Asset Turnover Explanation

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

5Banc Split's annulized ROE % for the quarter that ended in Jun. 2016 is

ROE %**(Q: Jun. 2016 )
=Net Income/Total Stockholders Equity
=5.68/24.4025
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.68 / 5.988)*(5.988 / 35.3955)*(35.3955/ 24.4025)
=Net Margin %*Asset Turnover*Equity Multiplier
=94.86 %*0.1692*1.4505
=ROA %*Equity Multiplier
=16.05 %*1.4505
=23.28 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2016) net income data. The Revenue data used here is two times the semi-annual (Jun. 2016) 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:

5Banc Split's annulized ROA % for the quarter that ended in Jun. 2016 is

ROA %(Q: Jun. 2016 )
=Net Income/Total Assets
=5.68/35.3955
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.68 / 5.988)*(5.988 / 35.3955)
=Net Margin %*Asset Turnover
=94.86 %*0.1692
=16.05 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2016) net income data. The Revenue data used here is two times the semi-annual (Jun. 2016) 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.


5Banc Split Asset Turnover Related Terms

Thank you for viewing the detailed overview of 5Banc Split's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


5Banc Split (TSX:FBS.PR.C.PFD) Business Description

Traded in Other Exchanges
N/A
Address
5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and toronto-Dominion Bank. The Company holds the Portfolio Shares in order to generate fixed cumulative preferential dividends for the holders of the Company's Preferred Shares. Holders of the Capital Shares will also receive, subject to the prior rights of Preferred Shareholders, excess dividends, if any, after payment of the expenses of the Company and dividends on the Preferred Shares. The Company also provides holders of the Capital Shares with a leveraged investment, the value of which is linked to the changes in the fair value of the Portfolio Shares. The holders of Capital Shares benefit from capital appreciation in the Portfolio Shares in excess of the value of the Preferred Shares, any accrued and unpaid distributions on the Preferred Shares, and accrued and unpaid expenses. The Company only trades the Portfolio Shares in limited circumstances as described in the Company's original prospectus.

5Banc Split (TSX:FBS.PR.C.PFD) Headlines

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