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Al Madina Takaful Co.OG (MUS:AMAT) ROA % : 0.19% (As of Sep. 2024)


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What is Al Madina Takaful Co.OG ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Al Madina Takaful Co.OG's annualized Net Income for the quarter that ended in Sep. 2024 was ر.ع0.23 Mil. Al Madina Takaful Co.OG's average Total Assets over the quarter that ended in Sep. 2024 was ر.ع119.21 Mil. Therefore, Al Madina Takaful Co.OG's annualized ROA % for the quarter that ended in Sep. 2024 was 0.19%.

The historical rank and industry rank for Al Madina Takaful Co.OG's ROA % or its related term are showing as below:

MUS:AMAT' s ROA % Range Over the Past 10 Years
Min: 0.36   Med: 0.96   Max: 3.12
Current: 1.94

During the past 13 years, Al Madina Takaful Co.OG's highest ROA % was 3.12%. The lowest was 0.36%. And the median was 0.96%.

MUS:AMAT's ROA % is ranked worse than
57.55% of 490 companies
in the Insurance industry
Industry Median: 2.415 vs MUS:AMAT: 1.94

Al Madina Takaful Co.OG ROA % Historical Data

The historical data trend for Al Madina Takaful Co.OG'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.

Al Madina Takaful Co.OG ROA % Chart

Al Madina Takaful Co.OG 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 1.04 0.74 0.87 0.87 1.04

Al Madina Takaful Co.OG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.18 1.33 0.72 5.43 0.19

Competitive Comparison of Al Madina Takaful Co.OG's ROA %

For the Insurance - Diversified subindustry, Al Madina Takaful Co.OG'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.


Al Madina Takaful Co.OG's ROA % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al Madina Takaful Co.OG's ROA % distribution charts can be found below:

* The bar in red indicates where Al Madina Takaful Co.OG's ROA % falls into.



Al Madina Takaful Co.OG ROA % Calculation

Al Madina Takaful Co.OG'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 )
=1.277/( (122.606+123.239)/ 2 )
=1.277/122.9225
=1.04 %

Al Madina Takaful Co.OG's annualized ROA % for the quarter that ended in Sep. 2024 is calculated as:

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0.228/( (119.268+119.143)/ 2 )
=0.228/119.2055
=0.19 %

* 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 (Sep. 2024) net income data. ROA % is displayed in the 30-year financial page.


Al Madina Takaful Co.OG  (MUS:AMAT) 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: Sep. 2024 )
=Net Income/Total Assets
=0.228/119.2055
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.228 / 21.604)*(21.604 / 119.2055)
=Net Margin %*Asset Turnover
=1.06 %*0.1812
=0.19 %

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


Al Madina Takaful Co.OG ROA % Related Terms

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Al Madina Takaful Co.OG Business Description

Traded in Other Exchanges
N/A
Address
Office no. 301/302, P.O. Box 80, 3rd Floor, Building 6, Muscat Grand Mall, Ghubra, Muscat, OMN, 136
Al Madina Takaful Co. SAOG is engaged in the business of takaful activities and investments by adopting the wakala and mudarabha model respectively, on behalf of the participants by the Islamic Sharia principles. The business operating segments are Family takaful and general takaful. It generates the majority of its revenue from General takaful, which contracts include Motor, marine and aviation, Fire, energy, medical, engineering, liability, and general accident contracts. Geographically, the operations of the company are located inside the Sultanate of Oman.