Bancfirst Asset Turnover Trend from 2010 to 2022

BANF -  USA Stock  

USD 81.74  0.84  1.04%

Bancfirst Corp Asset Turnover is increasing over the years with slightly volatile fluctuation. Ongoing Asset Turnover is projected to grow to 0.05 this year. During the period from 2010 to 2022 Bancfirst Corp Asset Turnover anual values regression line had geometric mean of 0.04509 and mean square error of  0.0000075. The current year Weighted Average Shares is expected to grow to about 35.4 M, whereas Consolidated Income is forecasted to decline to about 139.1 M.
  
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Check Bancfirst Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bancfirst main balance sheet or income statement drivers, such as Consolidated Income of 139.1 M, Earning Before Interest and Taxes EBIT of 179.6 M or Gross Profit of 449.5 M, as well as many exotic indicators such as Calculated Tax Rate of 29.35, PPandE Turnover of 2.63 or Accrued Expenses Turnover of 89.55. Bancfirst financial statements analysis is a perfect complement when working with Bancfirst Corp Valuation or Volatility modules. It can also supplement various Bancfirst Corp Technical models. Continue to the analysis of Bancfirst Corp Correlation against competitors.

Bancfirst Asset Turnover Breakdown

Showing smoothed Asset Turnover of Bancfirst Corp with missing and latest data points interpolated. Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis.Bancfirst Corp's Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bancfirst Corp's overall financial position and show how it may be relating to other accounts over time.
Asset Turnover10 Years Trend
Increasing
Slightly volatile
 Asset Turnover 
Share
      Timeline 

Bancfirst Asset Turnover Regression Statistics

Arithmetic Mean 0.045215
Geometric Mean 0.04509
Coefficient Of Variation 7.82
Mean Deviation 0.003033
Median 0.044
Standard Deviation 0.003535
Sample Variance 0.00001249
Range 0.01
R-Value 0.67
Mean Square Error 0.0000075
R-Squared 0.45
Significance 0.012156
Slope 0.00060844
Total Sum of Squares 0.00014992

Bancfirst Asset Turnover History

2012  0.043 
2015  0.044 
2017  0.047 
2018  0.05 
2019  0.05 
2020  0.041 
2022  0.05 

About Bancfirst Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Bancfirst Corp income statement, its balance sheet, and the statement of cash flows. Bancfirst Corp investors use historical funamental indicators, such as Bancfirst Corp's Asset Turnover, to determine how well the company is positioned to perform in the future. Although Bancfirst Corp investors may use each financial statement separately, they are all related. The changes in Bancfirst Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bancfirst Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Bancfirst Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bancfirst Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Asset Turnover 0.047  0.05 
Average Assets10.6 B9.7 B
Tangible Asset Value9.2 BB
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services. It also provides commercial, financial, and other loans for working capital, facilities acquisition or expansion, purchase of equipment, and other needs lending services that include private banking, energy, commercial and residential real estate, and commercial and industrial loans and loans to finance purchases of consumer goods, such as automobiles, boats, household goods, vacations, and education. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as bond trustee and paying agent business for various Oklahoma municipalities and governmental entities and provision of item processing, research, and other correspondent banking services. Further, it is involved in real estate investment and insurance agency services and providing funds transfer, collection, safe deposit box, cash management, and other services. The company serves customers in non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. It operates through 108 banking locations in Oklahoma and 3 banking locations in Dallas, Texas. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was incorporated in 1984 and is headquartered in Oklahoma City, Oklahoma.

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Our tools can tell you how much better you can do entering a position in Bancfirst Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Bancfirst Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bancfirst Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bancfirst Corp will appreciate offsetting losses from the drop in the long position's value.

Bancfirst Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Bancfirst Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bancfirst Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bancfirst Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bancfirst Corp to buy it.
The correlation of Bancfirst Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bancfirst Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bancfirst Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bancfirst Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Bancfirst Corp Correlation against competitors. Note that the Bancfirst Corp information on this page should be used as a complementary analysis to other Bancfirst Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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Is Bancfirst Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bancfirst Corp. If investors know Bancfirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bancfirst Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bancfirst Corp is measured differently than its book value, which is the value of Bancfirst that is recorded on the company's balance sheet. Investors also form their own opinion of Bancfirst Corp's value that differs from its market value or its book value, called intrinsic value, which is Bancfirst Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bancfirst Corp's market value can be influenced by many factors that don't directly affect Bancfirst Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bancfirst Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Bancfirst Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bancfirst Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.