Methaq Takaful Insurance Co PSC (ADX:METHAQ) Asset Turnover: 0.11 (As of Dec. 2022)

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ADX:METHAQ Methaq Takaful Insurance Co PSC ADX:METHAQ
5 GF Score
Price د.إ2.01
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What is Methaq Takaful Insurance Co PSC Asset Turnover?

Methaq Takaful Insurance Co PSC ADX:METHAQ 5 Asset Turnover is 0.11 as of Dec. 2022. GuruFocus rates ADX:METHAQ 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. Methaq Takaful Insurance Co PSC's Revenue for the three months ended in Dec. 2022 was د.إ82.9 Mil. Methaq Takaful Insurance Co PSC's Total Assets for the quarter that ended in Dec. 2022 was د.إ754.4 Mil. Therefore, Methaq Takaful Insurance Co PSC's Asset Turnover for the quarter that ended in Dec. 2022 was 0.11.

Asset Turnover is linked to ROE % through Du Pont Formula. Methaq Takaful Insurance Co PSC's annualized ROE % for the quarter that ended in Dec. 2022 was 131.93%. It is also linked to ROA % through Du Pont Formula. Methaq Takaful Insurance Co PSC's annualized ROA % for the quarter that ended in Dec. 2022 was 14.82%.


Methaq Takaful Insurance Co PSC  (ADX:METHAQ) Asset Turnover Explanation

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

Methaq Takaful Insurance Co PSC's annulized ROE % for the quarter that ended in Dec. 2022 is

ROE %**(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=111.784/84.728
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(111.784 / 331.484)*(331.484 / 754.4405)*(754.4405/ 84.728)
=Net Margin %*Asset Turnover*Equity Multiplier
=33.72 %*0.4394*8.9043
=ROA %*Equity Multiplier
=14.82 %*8.9043
=131.93 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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:

Methaq Takaful Insurance Co PSC's annulized ROA % for the quarter that ended in Dec. 2022 is

ROA %(Q: Dec. 2022 )
=Net Income/Total Assets
=111.784/754.4405
=(Net Income / Revenue)*(Revenue / Total Assets)
=(111.784 / 331.484)*(331.484 / 754.4405)
=Net Margin %*Asset Turnover
=33.72 %*0.4394
=14.82 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.


Methaq Takaful Insurance Co PSC Asset Turnover Related Terms


Methaq Takaful Insurance Co PSC Asset Turnover Historical Data

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The historical data trend for Methaq Takaful Insurance Co 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.

Methaq Takaful Insurance Co PSC Asset Turnover Chart

Methaq Takaful Insurance Co 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 0.55 0.27 0.24 0.32 0.33

Methaq Takaful Insurance Co PSC Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.12 0.08 0.08 0.08 0.11

ADX:METHAQ vs BRK.A, AIG, HIG: Asset Turnover Comparison

For the Insurance - Diversified subindustry, Methaq Takaful Insurance Co 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.


Methaq Takaful Insurance Co PSC Asset Turnover vs Insurance Industry

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

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


ADX:METHAQ
5GF Score
Methaq Takaful Insurance Co PSC ADX:METHAQ
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Methaq Takaful Insurance Co PSC Asset Turnover Calculation

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

Methaq Takaful Insurance Co 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 )
=253.545/( (759.922+779.63)/ 2 )
=253.545/769.776
=0.33

Methaq Takaful Insurance Co PSC's Asset Turnover for the quarter that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=82.871/( (729.251+779.63)/ 2 )
=82.871/754.4405
=0.11

* 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 0.11 mean?
Methaq Takaful Insurance Co PSC (ADX:METHAQ) has a Asset Turnover of 0.11 as of Dec. 2022. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Methaq Takaful Insurance Co PSC and its competitors.
Is Methaq Takaful Insurance Co PSC's Asset Turnover too high?
Methaq Takaful Insurance Co PSC's current Asset Turnover is 0.11. Overall, Methaq Takaful Insurance Co PSC has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Methaq Takaful Insurance Co PSC's Asset Turnover compare to BRK.A and AIG?
Methaq Takaful Insurance Co PSC's Asset Turnover of 0.11 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 Methaq Takaful Insurance Co PSC and its competitors. Methaq Takaful Insurance Co PSC's current Asset Turnover is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Methaq Takaful Insurance Co PSC stock overvalued right now?
Methaq Takaful Insurance Co PSC (ADX:METHAQ) has a current Asset Turnover of 0.11. The current Asset Turnover is 0.11. Methaq Takaful Insurance Co 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 Methaq Takaful Insurance Co PSC (ADX:METHAQ), the current Asset Turnover is 0.11 as of Dec. 2022. 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.

Methaq Takaful Insurance Co PSC Business Description

Address Mezzanine floor, Liwa Tower, P.O. Box 32774, Same building for Ministry of Economic, ADNEC Area, Abu Dhabi, ARE
Methaq Takaful Insurance Co PSC offers a range of insurance and reinsurance products and services to individuals and corporates. The objective of the company is to offer Individuals and Corporations a complete range of high quality, flexible, integrated, Shariah-compliant insurance products & services, in association with selected Distribution Partners. Its product line includes accident, travel, marine and air transport insurance and reinsurance products, among others.
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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ2.01
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