National Takaful Co (Watania) PJSC (ADX:WATANIA) Asset Turnover: 0.12 (As of Dec. 2021)

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ADX:WATANIA National Takaful Co (Watania) PJSC ADX:WATANIA
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What is National Takaful Co (Watania) PJSC Asset Turnover?

National Takaful Co (Watania) PJSC ADX:WATANIA 5 Asset Turnover is 0.12 as of Dec. 2021. GuruFocus rates ADX:WATANIA 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. National Takaful Co (Watania) PJSC's Revenue for the three months ended in Dec. 2021 was د.إ62.4 Mil. National Takaful Co (Watania) PJSC's Total Assets for the quarter that ended in Dec. 2021 was د.إ507.4 Mil. Therefore, National Takaful Co (Watania) PJSC's Asset Turnover for the quarter that ended in Dec. 2021 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. National Takaful Co (Watania) PJSC's annualized ROE % for the quarter that ended in Dec. 2021 was -0.24%. It is also linked to ROA % through Du Pont Formula. National Takaful Co (Watania) PJSC's annualized ROA % for the quarter that ended in Dec. 2021 was -0.05%.


National Takaful Co (Watania) PJSC  (ADX:WATANIA) Asset Turnover Explanation

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

National Takaful Co (Watania) PJSC's annulized ROE % for the quarter that ended in Dec. 2021 is

ROE %**(Q: Dec. 2021 )
=Net Income/Total Stockholders Equity
=-0.26/108.9
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.26 / 249.508)*(249.508 / 507.3655)*(507.3655/ 108.9)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.1 %*0.4918*4.659
=ROA %*Equity Multiplier
=-0.05 %*4.659
=-0.24 %

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

National Takaful Co (Watania) PJSC's annulized ROA % for the quarter that ended in Dec. 2021 is

ROA %(Q: Dec. 2021 )
=Net Income/Total Assets
=-0.26/507.3655
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.26 / 249.508)*(249.508 / 507.3655)
=Net Margin %*Asset Turnover
=-0.1 %*0.4918
=-0.05 %

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


National Takaful Co (Watania) PJSC Asset Turnover Related Terms


National Takaful Co (Watania) PJSC Asset Turnover Historical Data

* Premium members only.

The historical data trend for National Takaful Co (Watania) PJSC'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.

National Takaful Co (Watania) PJSC Asset Turnover Chart

National Takaful Co (Watania) PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.50 0.47 0.45 0.43

National Takaful Co (Watania) PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 0.10 0.10 0.10 0.10 0.12

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

For the Insurance - Diversified subindustry, National Takaful Co (Watania) PJSC'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.


National Takaful Co (Watania) PJSC Asset Turnover vs Insurance Industry

For the Insurance industry and Financial Services sector, National Takaful Co (Watania) PJSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where National Takaful Co (Watania) PJSC's Asset Turnover falls into.


ADX:WATANIA
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National Takaful Co (Watania) PJSC ADX:WATANIA
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National Takaful Co (Watania) PJSC Asset Turnover Calculation

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

National Takaful Co (Watania) PJSC's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2021 )/( (Total Assets (A: Dec. 2020 )+Total Assets (A: Dec. 2021 ))/ count )
=220.424/( (516.293+511.322)/ 2 )
=220.424/513.8075
=0.43

National Takaful Co (Watania) PJSC's Asset Turnover for the quarter that ended in Dec. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2021 )/( (Total Assets (Q: Sep. 2021 )+Total Assets (Q: Dec. 2021 ))/ count )
=62.377/( (503.409+511.322)/ 2 )
=62.377/507.3655
=0.12

* 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 0.12 mean?
National Takaful Co (Watania) PJSC (ADX:WATANIA) has a Asset Turnover of 0.12 as of Dec. 2021. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on National Takaful Co (Watania) PJSC and its competitors.
Is National Takaful Co (Watania) PJSC's Asset Turnover too high?
National Takaful Co (Watania) PJSC's current Asset Turnover is 0.12. Overall, National Takaful Co (Watania) PJSC has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does National Takaful Co (Watania) PJSC's Asset Turnover compare to BRK.A and AIG?
National Takaful Co (Watania) PJSC's Asset Turnover of 0.12 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 National Takaful Co (Watania) PJSC and its competitors. National Takaful Co (Watania) PJSC's current Asset Turnover is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Takaful Co (Watania) PJSC stock overvalued right now?
National Takaful Co (Watania) PJSC (ADX:WATANIA) has a current Asset Turnover of 0.12. The current Asset Turnover is 0.12. National Takaful Co (Watania) PJSC'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 National Takaful Co (Watania) PJSC (ADX:WATANIA), the current Asset Turnover is 0.12 as of Dec. 2021. 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.

National Takaful Co (Watania) PJSC Business Description

Address Al Muroor Road (4th Street), Al Jazira Sports Complex, P.O. Box 6457, 4th Floor, Tower A, Opposite to Dusit Thani Hotel, Abu Dhabi, ARE
National Takaful Co (Watania) PJSC is primarily engaged in providing all classes of non-family takaful solutions. The company underwrites mainly medical, property, engineering, motor, miscellaneous accident, marine and personal accident classes. The segments of the company are Medical and Non-Medical. The company operates its business in the United States of Emirates.
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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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