Umm Al Qaiwain General Investments Co (KUW:QIC) Total Assets : KWD60.91 Mil (As of Mar. 2024)

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What is Umm Al Qaiwain General Investments Co Total Assets?

Umm Al Qaiwain General Investments Co's Total Assets for the quarter that ended in Mar. 2024 was KWD60.91 Mil.

During the past 12 months, Umm Al Qaiwain General Investments Co's average Total Assets Growth Rate was 0.60% per year. During the past 3 years, the average Total Assets Growth Rate was -12.40% per year. During the past 5 years, the average Total Assets Growth Rate was -10.00% per year. During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 13 years, Umm Al Qaiwain General Investments Co's highest 3-Year average Total Assets Growth Rate was 29.60%. The lowest was -12.40%. And the median was 5.90%.

Total Assets is connected with ROA %. Umm Al Qaiwain General Investments Co's annualized ROA % for the quarter that ended in Mar. 2024 was 6.18%. Total Assets is also linked to Revenue through Asset Turnover. Umm Al Qaiwain General Investments Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Umm Al Qaiwain General Investments Co Total Assets Historical Data

The historical data trend for Umm Al Qaiwain General Investments Co's Total Assets 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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Umm Al Qaiwain General Investments Co Total Assets Chart

Umm Al Qaiwain General Investments Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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57.74

57.65

69.18

57.51

58.36

Umm Al Qaiwain General Investments Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															57.75	56.63	59.87	58.36	60.91

Umm Al Qaiwain General Investments Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Umm Al Qaiwain General Investments Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	50.974	+	7.387
	=	58.36

Umm Al Qaiwain General Investments Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	51.504	+	9.406
	=	60.91

Umm Al Qaiwain General Investments Co (KUW:QIC) Total Assets Explanation

Total Assets is connected with ROA %.

Umm Al Qaiwain General Investments Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	3.688	/	( (58.361	+	60.91)	/ 2 )
	=	3.688	/	59.6355
	=	6.18 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Umm Al Qaiwain General Investments Co's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	1.485	/	( (58.361	+	60.91)	/ 2 )
=	1.485	/	59.6355
=	0.02

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Umm Al Qaiwain General Investments Co Total Assets Related Terms

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Umm Al Qaiwain General Investments Co (KUW:QIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Umm Al Qaiwain General Investments Co (KUW:QIC) » Definitions » Total Assets

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QIC:United Arab Emirates

Address

Al Ittihad Street, Fahad Al Salem Street, P.O.Box: 816, Building a Big Market Tower Floor 9, Al Raafah Kuwait: Al Dar Audit - Abdullah Muzaini, Umm Al-Qaiwain, ARE

Website

http://www.qic-uaq.ae

Umm Al Qaiwain General Investments Co is engaged in real estate enterprise investment, development, and institution and management, funds and stock investments. The commercial activities of the company include investment in lands, buildings, education, health sector, general investments, among others. The two geographical segments in which the company operates comprise of the United Arab Emirates and the Gulf Cooperation Council.

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