Emirates Insurance Co PSC (ADX:EIC) Gross-Profit-to-Asset % : 52.26% (As of Sep. 2023)

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What is Emirates Insurance Co PSC Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Emirates Insurance Co PSC's annualized Gross Profit for the quarter that ended in Sep. 2023 was د.إ1,164.7 Mil. Emirates Insurance Co PSC's average Total Assets over the quarter that ended in Sep. 2023 was د.إ2,228.6 Mil. Therefore, Emirates Insurance Co PSC's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 52.26%.

Emirates Insurance Co PSC Gross-Profit-to-Asset % Historical Data

The historical data trend for Emirates Insurance Co PSC's Gross-Profit-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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Emirates Insurance Co PSC Gross-Profit-to-Asset % Chart

Emirates Insurance Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross-Profit-to-Asset %

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23.59

27.19

21.94

18.67

17.14

Emirates Insurance Co PSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															20.19	20.47	26.47	37.33	52.26

Competitive Comparison of Emirates Insurance Co PSC's Gross-Profit-to-Asset %

For the Insurance - Diversified subindustry, Emirates Insurance Co PSC's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-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.

Emirates Insurance Co PSC's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Emirates Insurance Co PSC's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Emirates Insurance Co PSC's Gross-Profit-to-Asset % falls into.

Emirates Insurance Co PSC Gross-Profit-to-Asset % Calculation

Emirates Insurance Co PSC's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=	492.931	/	( (2966.202	+	2787.266)	/ 2 )
	=	492.931	/	2876.734
	=	17.14 %

Emirates Insurance Co PSC's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	1164.72	/	( (2145.273	+	2311.894)	/ 2 )
	=	1164.72	/	2228.5835
	=	52.26 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Emirates Insurance Co PSC Gross-Profit-to-Asset % Related Terms

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Emirates Insurance Co PSC (ADX:EIC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Emirates Insurance Co Building, Al Zahiya (Tourist Club Area), P.O.Box 3856, Abu Dhabi, ARE

Website

https://www.eminsco.com

Emirates Insurance Co PSC is an insurance company operating through two segments namely Underwriting of General Insurance Business and Investments. The Underwriting of general insurance business - incorporating all classes of general insurance such as fire, marine, motor, general accident, and miscellaneous. The Investments segments include activities of investments in marketable equity securities and investment funds, bonds, term deposits with banks and investment properties, and other securities. The firm derives a majority of its revenue from the commission, dividend, and interest income.