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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. Community Bank System's Revenue for the three months ended in Dec. 2023 was $177.0 Mil. Community Bank System's Total Assets for the quarter that ended in Dec. 2023 was $15,471.0 Mil. Therefore, Community Bank System's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.
Asset Turnover is linked to ROE % through Du Pont Formula. Community Bank System's annualized ROE % for the quarter that ended in Dec. 2023 was 8.29%. It is also linked to ROA % through Du Pont Formula. Community Bank System's annualized ROA % for the quarter that ended in Dec. 2023 was 0.87%.
The historical data trend for Community Bank System'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.
Community Bank System Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Asset Turnover | Get a 7-Day Free Trial | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
Community Bank System 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 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
For the Banks - Regional subindustry, Community Bank System'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.
For the Banks industry and Financial Services sector, Community Bank System's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Community Bank System's Asset Turnover falls into.
Asset Turnover measures how quickly a company turns over its asset through sales.
Community Bank System'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 ) |
= | 651.877 | / | ( (15835.651 | + | 15555.753) | / 2 ) |
= | 651.877 | / | 15695.702 | |||
= | 0.04 |
Community Bank System'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 ) |
= | 176.959 | / | ( (15386.322 | + | 15555.753) | / 2 ) |
= | 176.959 | / | 15471.0375 | |||
= | 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.
Community Bank System (NYSE:CBU) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Community Bank System's annulized ROE % for the quarter that ended in Dec. 2023 is
ROE %** | (Q: Dec. 2023 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 134.824 | / | 1626.438 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (134.824 / 707.836) | * | (707.836 / 15471.0375) | * | (15471.0375/ 1626.438) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 19.05 % | * | 0.0458 | * | 9.5122 |
= | ROA % | * | Equity Multiplier | ||
= | 0.87 % | * | 9.5122 | ||
= | 8.29 % |
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.
* 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:
Community Bank System's annulized ROA % for the quarter that ended in Dec. 2023 is
ROA % | (Q: Dec. 2023 ) | ||
= | Net Income | / | Total Assets |
= | 134.824 | / | 15471.0375 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (134.824 / 707.836) | * | (707.836 / 15471.0375) |
= | Net Margin % | * | Asset Turnover |
= | 19.05 % | * | 0.0458 |
= | 0.87 % |
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.
Thank you for viewing the detailed overview of Community Bank System's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Sally A Steele | director | |
Jeffrey M Levy | officer: President, Commercial Banking | 52 SOUTH BROAD STREET, NORWICH NY 13815 |
Brian R Ace | director | |
Dimitar Karaivanov | officer: EVP Financial Serv & Corp Dev | C/O COMMUNITY BANK SYSTEM, INC., 5790 WIDEWATERS PARKWAY, DEWITT NY 13214 |
Kerrie D. Macpherson | director | 5790 WIDEWATERS PARKWAY, C/O COMMUNITY BANK SYSTEM INC., DEWITT NY 13214 |
Mark J. Bolus | director | R.R. 1, BOX 412A, DALTON PA 18414 |
John F. Whipple | director | 1692 GOODRICH AVENUE, OLEAN NY 14760 |
Michael N Abdo | officer: EVP and General Counsel | 5790 WIDEWATERS PARKWAY, DEWITT NY 13214 |
Jeffrey J Knauss | director | 2438 EAST LAKE ROAD, SKANEATELES NY 13152 |
George J Getman | officer: Executive VP & General Counsel | 7856 CAHILL ROAD, MANLIUS NY 13104 |
Maureen A Gillan-myer | officer: EVP, Chief Human Resources Off | C/O HSBC NORTH AMERICA, 452 FIFTH AVENUE, NEW YORK NY 10018 |
John Parente | director | 478 SCHOOLHOUSE ROAD, TUNKHANNOCK PA 18657 |
Joseph Jonathon Lemchak | officer: SVP, Chief Investment Officer | 4482 YOUNG ROAD, SYRACUSE NY 13215 |
Eric Stickels | director | 182 MAIN STREET, ONEIDA NY 13421 |
Susan E Skerritt | director | 3200 NORTHLINE AVE, SUITE 360, GREENSBORO NC 27408 |
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