Choiceone Financial Services Stock Return On Asset

COFS Stock

USD 30.82 0.69 2.19%

ChoiceOne Financial Services fundamentals help investors to digest information that contributes to ChoiceOne Financial's financial success or failures. It also enables traders to predict the movement of ChoiceOne Stock. The fundamental analysis module provides a way to measure ChoiceOne Financial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ChoiceOne Financial stock.

Short Long Term Debt Total Total Assets

Return On Assets is likely to gain to 0.01 in 2024.

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ChoiceOne Financial Services Company Return On Asset Analysis

ChoiceOne Financial's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

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Current ChoiceOne Financial Return On Asset

0.0089

Most of ChoiceOne Financial's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ChoiceOne Financial Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

ChoiceOne Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for ChoiceOne Financial is extremely important. It helps to project a fair market value of ChoiceOne Stock properly, considering its historical fundamentals such as Return On Asset. Since ChoiceOne Financial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ChoiceOne Financial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ChoiceOne Financial's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Good Will	Accounts Payable	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Earning Assets	Net Invested Capital	Capital Stock
Total Assets		0.93	0.67	0.95	0.87	0.45	0.73	0.96	0.98	0.99	0.83	0.78	-0.11	0.86	0.82	0.85	0.51	0.83	0.68	0.94
Total Stockholder Equity	0.93		0.39	0.81	0.65	0.59	0.53	0.99	0.97	0.9	0.64	0.83	-0.09	0.9	0.95	0.76	0.43	0.88	0.48	0.97
Net Debt	0.67	0.39		0.79	0.87	-0.18	0.93	0.48	0.58	0.71	0.92	0.27	-0.17	0.34	0.17	0.53	0.22	0.33	0.9	0.45
Retained Earnings	0.95	0.81	0.79		0.91	0.3	0.8	0.85	0.9	0.96	0.89	0.64	-0.2	0.74	0.65	0.76	0.37	0.71	0.78	0.82
Total Liab	0.87	0.65	0.87	0.91		0.28	0.79	0.72	0.77	0.89	0.89	0.64	-0.11	0.64	0.5	0.82	0.45	0.59	0.75	0.7
Total Current Assets	0.45	0.59	-0.18	0.3	0.28		-0.2	0.53	0.45	0.39	-0.02	0.84	-0.04	0.62	0.72	0.59	0.46	0.56	-0.26	0.53
Short Term Debt	0.73	0.53	0.93	0.8	0.79	-0.2		0.59	0.68	0.76	0.96	0.27	-0.16	0.42	0.32	0.47	0.13	0.42	0.93	0.56
Common Stock	0.96	0.99	0.48	0.85	0.72	0.53	0.59		0.99	0.94	0.69	0.79	-0.08	0.91	0.91	0.79	0.46	0.9	0.57	0.98
Good Will	0.98	0.97	0.58	0.9	0.77	0.45	0.68	0.99		0.97	0.78	0.76	-0.07	0.89	0.87	0.8	0.47	0.88	0.65	0.98
Accounts Payable	0.99	0.9	0.71	0.96	0.89	0.39	0.76	0.94	0.97		0.87	0.74	-0.03	0.85	0.79	0.85	0.51	0.82	0.72	0.93
Long Term Debt	0.83	0.64	0.92	0.89	0.89	-0.02	0.96	0.69	0.78	0.87		0.43	0.0	0.56	0.46	0.64	0.25	0.55	0.92	0.69
Short Term Investments	0.78	0.83	0.27	0.64	0.64	0.84	0.27	0.79	0.76	0.74	0.43		-0.06	0.85	0.87	0.88	0.63	0.8	0.16	0.79
Intangible Assets	-0.11	-0.09	-0.17	-0.2	-0.11	-0.04	-0.16	-0.08	-0.07	-0.03	0.0	-0.06		0.04	0.07	0.1	0.18	0.09	-0.07	0.09
Property Plant Equipment	0.86	0.9	0.34	0.74	0.64	0.62	0.42	0.91	0.89	0.85	0.56	0.85	0.04		0.93	0.88	0.56	0.98	0.4	0.93
Net Tangible Assets	0.82	0.95	0.17	0.65	0.5	0.72	0.32	0.91	0.87	0.79	0.46	0.87	0.07	0.93		0.75	0.46	0.91	0.27	0.93
Long Term Investments	0.85	0.76	0.53	0.76	0.82	0.59	0.47	0.79	0.8	0.85	0.64	0.88	0.1	0.88	0.75		0.73	0.85	0.43	0.83
Short Long Term Debt	0.51	0.43	0.22	0.37	0.45	0.46	0.13	0.46	0.47	0.51	0.25	0.63	0.18	0.56	0.46	0.73		0.5	0.0	0.52
Earning Assets	0.83	0.88	0.33	0.71	0.59	0.56	0.42	0.9	0.88	0.82	0.55	0.8	0.09	0.98	0.91	0.85	0.5		0.44	0.93
Net Invested Capital	0.68	0.48	0.9	0.78	0.75	-0.26	0.93	0.57	0.65	0.72	0.92	0.16	-0.07	0.4	0.27	0.43	0.0	0.44		0.56
Capital Stock	0.94	0.97	0.45	0.82	0.7	0.53	0.56	0.98	0.98	0.93	0.69	0.79	0.09	0.93	0.93	0.83	0.52	0.93	0.56

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

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ChoiceOne Total Assets

Total Assets

2.73 Billion

At this time, ChoiceOne Financial's Total Assets are comparatively stable compared to the past year.

Based on the latest financial disclosure, ChoiceOne Financial Services has a Return On Asset of 0.0089. This is 101.89% lower than that of the Banks sector and significantly higher than that of the Financials industry. The return on asset for all United States stocks is 106.36% lower than that of the firm.

ChoiceOne Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ChoiceOne Financial's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ChoiceOne Financial could also be used in its relative valuation, which is a method of valuing ChoiceOne Financial by comparing valuation metrics of similar companies.

ChoiceOne Financial is currently under evaluation in return on asset category among its peers.

ChoiceOne Financial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, ChoiceOne Financial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ChoiceOne Financial's managers, analysts, and investors.

Environmental

Governance

Social

ChoiceOne Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0089
	Profit Margin	0.27 %
	Operating Margin	0.39 %
	Current Valuation	403.25 M
	Shares Outstanding	8.96 M
	Shares Owned By Insiders	7.25 %
	Shares Owned By Institutions	18.57 %
	Number Of Shares Shorted	123.98 K
	Price To Earning	9.13 X
	Price To Book	1.32 X
	Price To Sales	3.32 X
	Revenue	114.13 M
	Gross Profit	81.14 M
	EBITDA	955 K
	Net Income	21.26 M
	Cash And Equivalents	51.49 M
	Cash Per Share	6.86 X
	Total Debt	236.22 M
	Debt To Equity	6.37 %
	Book Value Per Share	28.32 X
	Cash Flow From Operations	45.23 M
	Short Ratio	4.60 X
	Earnings Per Share	2.99 X
	Target Price	27.0
	Number Of Employees	368
	Beta	0.64
	Market Capitalization	276.07 M
	Total Asset	2.6 B
	Retained Earnings	73.7 M
	Annual Yield	0.03 %
	Five Year Return	3.09 %
	Net Asset	2.6 B
	Last Dividend Paid	1.07

About ChoiceOne Financial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ChoiceOne Financial Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ChoiceOne Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ChoiceOne Financial Services based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for ChoiceOne Stock Analysis

When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.

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Choiceone Financial Services Stock Return On Asset

ChoiceOne Financial Services Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current ChoiceOne Financial Return On Asset

ChoiceOne Return On Asset Driver Correlations

ChoiceOne Total Assets

Total Assets

2.73 Billion

ChoiceOne Return On Asset Peer Comparison

ChoiceOne Financial ESG Sustainability

ChoiceOne Fundamentals

About ChoiceOne Financial Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for ChoiceOne Stock Analysis

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