SIC Insurance Co (XGHA:SIC) Total Assets : GHS714.2 Mil (As of Dec. 2021)

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What is SIC Insurance Co Total Assets?

SIC Insurance Co's Total Assets for the quarter that ended in Dec. 2021 was GHS714.2 Mil.

Total Assets is connected with ROA %. SIC Insurance Co's annualized ROA % for the quarter that ended in Dec. 2021 was 29.88%. Total Assets is also linked to Revenue through Asset Turnover. SIC Insurance Co's Asset Turnover for the quarter that ended in Dec. 2021 was 0.13.

SIC Insurance Co Total Assets Historical Data

The historical data trend for SIC 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.

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SIC Insurance Co Total Assets Chart

SIC Insurance Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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553.30

550.95

566.86

714.16

808.21

SIC Insurance Co Quarterly Data
	Dec15	Dec16	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22
Total Assets	Get a 7-Day Free Trial															533.23	561.65	601.06	714.16	808.21

SIC 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.

SIC Insurance Co's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	391.668	+	416.539
	=	808.2

SIC Insurance Co's Total Assets for the quarter that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2021 )	+	Total Liabilities (Q: Dec. 2021 )
	=	362.967	+	351.194
	=	714.2

SIC Insurance Co (XGHA:SIC) Total Assets Explanation

Total Assets is connected with ROA %.

SIC Insurance Co's annualized ROA % for the quarter that ended in Dec. 2021 is

ROA %	=	Net Income (Q: Dec. 2021 )	/	( (Total Assets (Q: Sep. 2021 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
	=	196.484	/	( (601.061	+	714.161)	/ 2 )
	=	196.484	/	657.611
	=	29.88 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) 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.

SIC Insurance Co's Asset Turnover for the quarter that ended in Dec. 2021 is

	Asset Turnover
=	Revenue (Q: Dec. 2021 )	/	( (Total Assets (Q: Sep. 2021 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
=	87.005	/	( (601.061	+	714.161)	/ 2 )
=	87.005	/	657.611
=	0.13

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.

SIC Insurance Co Total Assets Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SIC Insurance Co Ltd (XGHA:SIC) » Definitions » Total Assets

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Address

28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA

Website

https://www.sic-gh.com

SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.