Insurance House PSC (ADX:IH) Asset Turnover: 0.10 (As of Sep. 2023)

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ADX:IH Insurance House PSC ADX:IH
5 GF Score
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What is Insurance House PSC Asset Turnover?

Insurance House PSC ADX:IH 5 Asset Turnover is 0.10 as of Sep. 2023. GuruFocus rates ADX:IH with a GF Score™ of 5/100.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Insurance House PSC's Revenue for the three months ended in Sep. 2023 was د.إ25.7 Mil. Insurance House PSC's Total Assets for the quarter that ended in Sep. 2023 was د.إ271.8 Mil. Therefore, Insurance House PSC's Asset Turnover for the quarter that ended in Sep. 2023 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Insurance House PSC's annualized ROE % for the quarter that ended in Sep. 2023 was -59.52%. It is also linked to ROA % through Du Pont Formula. Insurance House PSC's annualized ROA % for the quarter that ended in Sep. 2023 was -8.39%.


Insurance House PSC  (ADX:IH) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Insurance House PSC's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-22.8/38.3055
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-22.8 / 102.752)*(102.752 / 271.7805)*(271.7805/ 38.3055)
=Net Margin %*Asset Turnover*Equity Multiplier
=-22.19 %*0.3781*7.0951
=ROA %*Equity Multiplier
=-8.39 %*7.0951
=-59.52 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Insurance House PSC's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-22.8/271.7805
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-22.8 / 102.752)*(102.752 / 271.7805)
=Net Margin %*Asset Turnover
=-22.19 %*0.3781
=-8.39 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Insurance House PSC Asset Turnover Related Terms


Insurance House PSC Asset Turnover Historical Data

* Premium members only.

The historical data trend for Insurance House PSC's Asset Turnover 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.

Insurance House PSC Asset Turnover Chart

Insurance House PSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.54 0.52 0.44 0.43

Insurance House PSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Asset Turnover 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 0.06 0.19 0.09 0.08 0.10

ADX:IH vs BRK.A, AIG, ACGL: Asset Turnover Comparison

For the Insurance - Diversified subindustry, Insurance House PSC's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Insurance House PSC Asset Turnover vs Insurance Industry

For the Insurance industry and Financial Services sector, Insurance House PSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Insurance House PSC's Asset Turnover falls into.


ADX:IH
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Insurance House PSC ADX:IH
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Insurance House PSC Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Insurance House PSC's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=180.763/( (385.659+459.832)/ 2 )
=180.763/422.7455
=0.43

Insurance House PSC's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=25.688/( (280.36+263.201)/ 2 )
=25.688/271.7805
=0.09

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.10 mean?
Insurance House PSC (ADX:IH) has a Asset Turnover of 0.10 as of Sep. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Insurance House PSC and its competitors.
Is Insurance House PSC's Asset Turnover too high?
Insurance House PSC's current Asset Turnover is 0.10. Overall, Insurance House PSC has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Insurance House PSC's Asset Turnover compare to BRK.A and AIG?
Insurance House PSC's Asset Turnover of 0.10 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Insurance company?
A good Asset Turnover depends on the Insurance industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Insurance House PSC and its competitors. Insurance House PSC's current Asset Turnover is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Insurance House PSC stock overvalued right now?
Insurance House PSC (ADX:IH) has a current Asset Turnover of 0.10. The current Asset Turnover is 0.10. Insurance House PSC's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Insurance House PSC (ADX:IH), the current Asset Turnover is 0.10 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Insurance House PSC Business Description

Address Finance House Building, Zayed 1st Street, P.O.Box 129921, Khalidiya Area, Abu Dhabi, ARE
Insurance House PSC provides various non-life insurance products in the United Arab Emirates. The products and services offered by the company include accidents and civil responsibility insurance, land, marine and air transportation, dangers insurance and health insurance. The company is organized into two business segments comprising Underwriting of general insurance business and Investments. Underwriting of general insurance business segment incorporates all classes of general insurance, fire, marine, motor, general accident and medical. Investments segment incorporates investments in UAE marketable equity securities, term deposits with banks, overseas managed portfolios, and other securities.
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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