Magyar Bancorp (MGYR) Asset Utilization Ratio (2021 - 2024)

Magyar Bancorp has reported Asset Utilization Ratio for 4 years, with the latest figure at 0.03 in Q2 2024.

• For the quarter ending Q2 2024, Asset Utilization Ratio fell 9.98% year-over-year to 0.03; the trailing twelve-month figure through Jun 2024 stood at 0.03 (down 9.98% YoY), and the FY2023 full-year result was 0.04, down 5.7% from the prior year.
• Asset Utilization Ratio for Q2 2024 stood at 0.03, down from 0.03 in the prior quarter.
• The five-year high for Asset Utilization Ratio was 0.04 in Q3 2022, with the low at 0.03 in Q2 2024.
• Historically, Asset Utilization Ratio has averaged 0.04 across 4 years, with a median of 0.04 in 2022.
• Annual changes were most pronounced in 2022 — Asset Utilization Ratio advanced 4.3% — and 2024, when it fell 10.0%.
• Magyar Bancorp's Asset Utilization Ratio stood at 0.04 in 2021, then climbed by 0.35% to 0.04 in 2022, then dropped by 9.27% to 0.03 in 2023, then dropped by 3.72% to 0.03 in 2024.
• The last three Asset Utilization Ratio figures came in at 0.03 (Q2 2024), 0.03 (Q1 2024), and 0.03 (Q4 2023), per Business Quant data.