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Dhofar Insurance CoOG (MUS:DICS) Goodwill-to-Asset : 0.00 (As of Sep. 2022)


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What is Dhofar Insurance CoOG Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Dhofar Insurance CoOG's Goodwill for the quarter that ended in Sep. 2022 was ر.ع0.00 Mil. Dhofar Insurance CoOG's Total Assets for the quarter that ended in Sep. 2022 was ر.ع150.51 Mil. Therefore, Dhofar Insurance CoOG's Goodwill to Asset Ratio for the quarter that ended in Sep. 2022 was 0.00.


Dhofar Insurance CoOG Goodwill-to-Asset Historical Data

The historical data trend for Dhofar Insurance CoOG's Goodwill-to-Asset 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.

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Dhofar Insurance CoOG Goodwill-to-Asset Chart

Dhofar Insurance CoOG Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Goodwill-to-Asset
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Dhofar Insurance CoOG Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Dhofar Insurance CoOG's Goodwill-to-Asset

For the Insurance - Diversified subindustry, Dhofar Insurance CoOG's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset 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.


Dhofar Insurance CoOG's Goodwill-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dhofar Insurance CoOG's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Dhofar Insurance CoOG's Goodwill-to-Asset falls into.



Dhofar Insurance CoOG Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Dhofar Insurance CoOG's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Goodwill to Asset (A: Dec. 2021 )=Goodwill/Total Assets
=0/135.38
=0.00

Dhofar Insurance CoOG's Goodwill to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Goodwill to Asset (Q: Sep. 2022 )=Goodwill/Total Assets
=0/150.509
=0.00

* 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.


Dhofar Insurance CoOG  (MUS:DICS) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Dhofar Insurance CoOG Goodwill-to-Asset Related Terms

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Dhofar Insurance CoOG (MUS:DICS) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 1002, Ruwi, OMN, 112
Dhofar Insurance Co SAOG operates in the insurance industry. The company's principal activity is undertaking the business of insurance and reinsurance (general and life) in the Sultanate of Oman. It has aggregated its operations into two reportable segments - General Insurance and Life Insurance. General Insurance business includes insurance and reinsurance of a motor; fire and general accident; and marine cargo and hull. The Life Insurance business relates to insuring the life of an individual. The majority of revenue is generated from the General insurance segment.

Dhofar Insurance CoOG (MUS:DICS) Headlines

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