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Islamic Arab Insurance Co (DFM:SALAMA) Total Assets : د.إ3,613.6 Mil (As of Dec. 2023)


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What is Islamic Arab Insurance Co Total Assets?

Islamic Arab Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was د.إ3,613.6 Mil.

During the past 12 months, Islamic Arab Insurance Co's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was -8.00% per year. During the past 5 years, the average Total Assets Growth Rate was -2.80% per year. During the past 10 years, the average Total Assets Growth Rate was 1.00% per year.

During the past 13 years, Islamic Arab Insurance Co's highest 3-Year average Total Assets Growth Rate was 192.00%. The lowest was -9.80%. And the median was 4.30%.

Total Assets is connected with ROA %. Islamic Arab Insurance Co's annualized ROA % for the quarter that ended in Dec. 2023 was -17.62%. Total Assets is also linked to Revenue through Asset Turnover. Islamic Arab Insurance Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.


Islamic Arab Insurance Co Total Assets Historical Data

The historical data trend for Islamic Arab Insurance 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.

* Premium members only.

Islamic Arab Insurance Co Total Assets Chart

Islamic Arab Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,192.53 4,507.67 4,321.42 3,573.18 3,613.64

Islamic Arab Insurance Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Assets 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 3,573.18 3,556.61 3,588.84 3,596.59 3,613.64

Islamic Arab Insurance 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.

Islamic Arab Insurance 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 )
=657.21+2956.431
=3,613.6

Islamic Arab Insurance Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=657.21+2956.431
=3,613.6

* 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.


Islamic Arab Insurance Co  (DFM:SALAMA) Total Assets Explanation

Total Assets is connected with ROA %.

Islamic Arab Insurance Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-635.268/( (3596.59+3613.641)/ 2 )
=-635.268/3605.1155
=-17.62 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Islamic Arab Insurance Co's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=17.84/( (3596.59+3613.641)/ 2 )
=17.84/3605.1155
=0.00

* 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.

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.

Islamic Arab Insurance Co Total Assets Related Terms

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Islamic Arab Insurance Co (DFM:SALAMA) Business Description

Traded in Other Exchanges
N/A
Address
Oud Metha, Sheikh Rashid Road, 4th Floor, Block A, P.O. Box: 10214, Spectrum Building, Dubai, ARE
Islamic Arab Insurance Co is the Takaful (Islamic Insurance) and Re-Takaful insurance company. The Dubai-based company aims to provide Sharia-compliant Takaful solutions to customers. It offers insurance to both institutional and individual customers. It offers family takaful solutions, including whole life, term, savings, and investment plans; and auto takaful solutions, such as motor comprehensive, motor third party liability, and vehicle export insurance products. It also provides general takaful solutions, which include fire and allied perils, property all risk; travel insurance products; engineering insurance products; marine insurance products; public liability insurance products; accident insurance products. In addition, it offers group health plans; and reinsurance products.

Islamic Arab Insurance Co (DFM:SALAMA) Headlines

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