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SIC Insurance Co (XGHA:SIC) Selling, General, & Admin. Expense : GHS119.6 Mil (TTM As of Dec. 2021)


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What is SIC Insurance Co Selling, General, & Admin. Expense?

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. SIC Insurance Co's selling, general, & admin. expense for the three months ended in Dec. 2021 was GHS44.6 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2021 was GHS119.6 Mil.


SIC Insurance Co Selling, General, & Admin. Expense Historical Data

The historical data trend for SIC Insurance Co's Selling, General, & Admin. Expense 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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SIC Insurance Co Selling, General, & Admin. Expense Chart

SIC Insurance Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.64 109.14 106.79 119.58 -

SIC Insurance Co Quarterly Data
Dec15 Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.70 24.50 21.81 44.57 -

Competitive Comparison of SIC Insurance Co's Selling, General, & Admin. Expense

For the Insurance - Property & Casualty subindustry, SIC Insurance Co's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


SIC Insurance Co's Selling, General, & Admin. Expense Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, SIC Insurance Co's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where SIC Insurance Co's Selling, General, & Admin. Expense falls into.



SIC Insurance Co Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS119.6 Mil.

* 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.


SIC Insurance Co  (XGHA:SIC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


SIC Insurance Co Selling, General, & Admin. Expense Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA
SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.