Noor Financial Investment Co (KUW:NOOR) Total Assets : KWD157.37 Mil (As of Mar. 2024)

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What is Noor Financial Investment Co Total Assets?

Noor Financial Investment Co's Total Assets for the quarter that ended in Mar. 2024 was KWD157.37 Mil.

During the past 12 months, Noor Financial Investment Co's average Total Assets Growth Rate was 10.90% per year. During the past 3 years, the average Total Assets Growth Rate was 6.10% per year. During the past 5 years, the average Total Assets Growth Rate was -0.30% per year. During the past 10 years, the average Total Assets Growth Rate was -7.60% per year.

During the past 13 years, Noor Financial Investment Co's highest 3-Year average Total Assets Growth Rate was 22.20%. The lowest was -32.80%. And the median was -2.60%.

Total Assets is connected with ROA %. Noor Financial Investment Co's annualized ROA % for the quarter that ended in Mar. 2024 was 26.18%. Total Assets is also linked to Revenue through Asset Turnover. Noor Financial Investment Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Noor Financial Investment Co Total Assets Historical Data

The historical data trend for Noor Financial Investment 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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Noor Financial Investment Co Total Assets Chart

Noor Financial Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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108.23

107.19

117.99

114.43

145.43

Noor Financial Investment 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															124.09	118.81	128.54	145.43	157.37

Noor Financial Investment 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.

Noor Financial Investment 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 )
	=	114.716	+	30.715
	=	145.43

Noor Financial Investment 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 )
	=	125.581	+	31.788
	=	157.37

Noor Financial Investment Co (KUW:NOOR) Total Assets Explanation

Total Assets is connected with ROA %.

Noor Financial Investment 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 )
	=	39.64	/	( (145.431	+	157.369)	/ 2 )
	=	39.64	/	151.4
	=	26.18 %

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.

Noor Financial Investment 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 )
=	4.255	/	( (145.431	+	157.369)	/ 2 )
=	4.255	/	151.4
=	0.03

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.

Noor Financial Investment Co Total Assets Related Terms

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Noor Financial Investment Co (KUW:NOOR) Business Description

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Address

Intersection of Jahra Street & Airport Road, PO Box 3311, Safat, Noor Building, Shuwaikh, Kuwait, KWT, 13034

Website

https://www.noorinvestment.com

Noor Financial Investment Co is engaged in investment activities and financial services primarily in Kuwait, the Middle East, Asia, and other emerging markets. It has a diverse portfolio of Direct Capital Market Investments, Real Estate and Alternative Investments. The company manages a proprietary listed equity portfolio comprising local, GCC and international equities. The Marketable Securities Unit continues to deploy funds in GCC and International equity markets achieving strong returns. The company operates in four segment i.e investment, Real Estate, IT services, and Hotel business.

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