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Dubai Islamic Bank PJSC (DFM:DIB) ROA % : 1.99% (As of Mar. 2024)


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What is Dubai Islamic Bank PJSC ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Dubai Islamic Bank PJSC's annualized Net Income for the quarter that ended in Mar. 2024 was د.إ6,371 Mil. Dubai Islamic Bank PJSC's average Total Assets over the quarter that ended in Mar. 2024 was د.إ320,803 Mil. Therefore, Dubai Islamic Bank PJSC's annualized ROA % for the quarter that ended in Mar. 2024 was 1.99%.

The historical rank and industry rank for Dubai Islamic Bank PJSC's ROA % or its related term are showing as below:

DFM:DIB' s ROA % Range Over the Past 10 Years
Min: 1.26   Med: 2.23   Max: 2.6
Current: 2.23

During the past 13 years, Dubai Islamic Bank PJSC's highest ROA % was 2.60%. The lowest was 1.26%. And the median was 2.23%.

DFM:DIB's ROA % is ranked better than
89.14% of 1464 companies
in the Banks industry
Industry Median: 0.91 vs DFM:DIB: 2.23

Dubai Islamic Bank PJSC ROA % Historical Data

The historical data trend for Dubai Islamic Bank PJSC's ROA % 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.

* Premium members only.

Dubai Islamic Bank PJSC ROA % Chart

Dubai Islamic Bank PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.20 1.26 1.54 1.93 2.26

Dubai Islamic Bank PJSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROA % 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 2.04 2.12 2.15 2.68 1.99

Competitive Comparison of Dubai Islamic Bank PJSC's ROA %

For the Banks - Regional subindustry, Dubai Islamic Bank PJSC's ROA %, along with its competitors' market caps and ROA % 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.


Dubai Islamic Bank PJSC's ROA % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dubai Islamic Bank PJSC's ROA % distribution charts can be found below:

* The bar in red indicates where Dubai Islamic Bank PJSC's ROA % falls into.



Dubai Islamic Bank PJSC ROA % Calculation

Dubai Islamic Bank PJSC's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=6797.676/( (288238.491+314291.503)/ 2 )
=6797.676/301264.997
=2.26 %

Dubai Islamic Bank PJSC's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=6371.184/( (314291.503+327314.235)/ 2 )
=6371.184/320802.869
=1.99 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.


Dubai Islamic Bank PJSC  (DFM:DIB) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=6371.184/320802.869
=(Net Income / Revenue)*(Revenue / Total Assets)
=(6371.184 / 11613.164)*(11613.164 / 320802.869)
=Net Margin %*Asset Turnover
=54.86 %*0.0362
=1.99 %

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

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Dubai Islamic Bank PJSC ROA % Related Terms

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Dubai Islamic Bank PJSC (DFM:DIB) Business Description

Traded in Other Exchanges
N/A
Address
Building 2, Al Maktoum Road, P.O. Box 1080, Opposite DNATA, Deira, Dubai, ARE
Dubai Islamic Bank PJSC is a full-service Islamic bank is engaged in corporate, retail, and investment banking activities. Contracts in the form of Murabahas and leases in the form of Ijarahs constitute a majority of the bank's financing and investment assets. Most of its financing and investment arrangements are made within the United Arab Emirates, a large portion of which are in consumer financing, real estate and contracting, consumer home finance, and services and manufacturing.

Dubai Islamic Bank PJSC (DFM:DIB) Headlines

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