ChoiceOne Financial Services Inc

NASDAQ COFS

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ChoiceOne Financial Services Inc Sales to Fixed Assets Ratio 3 year CAGR for the year ending December 31, 2023: 15.87%

ChoiceOne Financial Services Inc Sales to Fixed Assets Ratio 3 year CAGR is 15.87% for the year ending December 31, 2023, a -31.46% change year over year. Sales to fixed assets ratio measures the revenue generated by a company relative to its fixed assets, such as property, plant, and equipment. It is calculated by dividing the revenue by the net value of fixed assets. This ratio provides insights into the efficiency of the company's fixed assets in generating sales revenue. A higher sales to fixed assets ratio suggests better sales generation from fixed assets and efficient utilization of physical infrastructure. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

ChoiceOne Financial Services Inc Sales to Fixed Assets Ratio for the year ending December 31, 2022 was 2.88, a 7.89% change year over year.
ChoiceOne Financial Services Inc Sales to Fixed Assets Ratio for the year ending December 31, 2021 was 2.67, a 8.34% change year over year.
ChoiceOne Financial Services Inc Sales to Fixed Assets Ratio for the year ending December 31, 2020 was 2.47, a 59.79% change year over year.
ChoiceOne Financial Services Inc Sales to Fixed Assets Ratio for the year ending December 31, 2019 was 1.54, a -14.75% change year over year.

NASDAQ: COFS

ChoiceOne Financial Services Inc

CEO	Mr. Kelly J. Potes CFP
IPO Date	Dec. 31, 2001
Location	United States
Headquarters	109 East Division Street, Sparta, MI, United States, 49345
Employees	367
Sector	Financial Services
Industry	Banks - regional

Description

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers alternative investment products, which include annuities and mutual funds; and sells insurance policies, such as life and health for commercial and consumer clients. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

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