Sanlam Maroc (CAS:SAH) Asset Turnover : 0.15 (As of Jun. 2024)

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What is Sanlam Maroc Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Sanlam Maroc's Revenue for the six months ended in Jun. 2024 was MAD3,726 Mil. Sanlam Maroc's Total Assets for the quarter that ended in Jun. 2024 was MAD24,390 Mil. Therefore, Sanlam Maroc's Asset Turnover for the quarter that ended in Jun. 2024 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Sanlam Maroc's annualized ROE % for the quarter that ended in Jun. 2024 was 13.74%. It is also linked to ROA % through Du Pont Formula. Sanlam Maroc's annualized ROA % for the quarter that ended in Jun. 2024 was 3.09%.

Sanlam Maroc Asset Turnover Historical Data

The historical data trend for Sanlam Maroc'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.

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Sanlam Maroc Asset Turnover Chart

Sanlam Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Asset Turnover

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0.31

0.25

0.30

0.23

0.30

Sanlam Maroc Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Asset Turnover	Get a 7-Day Free Trial															0.11	0.12	0.14	0.15	0.15

Competitive Comparison of Sanlam Maroc's Asset Turnover

For the Insurance - Diversified subindustry, Sanlam Maroc'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.

Sanlam Maroc's Asset Turnover Distribution in the Insurance Industry

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

* The bar in red indicates where Sanlam Maroc's Asset Turnover falls into.

Sanlam Maroc Asset Turnover Calculation

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

Sanlam Maroc's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
=	6914.779	/	( (22854.728	+	23702.96)	/ 2 )
=	6914.779	/	23278.844
=	0.30

Sanlam Maroc's Asset Turnover for the quarter that ended in Jun. 2024 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	3726.382	/	( (23702.96	+	25076.455)	/ 2 )
=	3726.382	/	24389.7075
=	0.15

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.

Sanlam Maroc (CAS:SAH) Asset Turnover Explanation

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

Sanlam Maroc's annulized ROE % for the quarter that ended in Jun. 2024 is

	ROE %^**		(Q: Jun. 2024 )
=	Net Income	/	Total Stockholders Equity
=	752.77	/	5479.0715
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(752.77 / 7452.764)	*	(7452.764 / 24389.7075)	*	(24389.7075/ 5479.0715)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	10.1 %	*	0.3056	*	4.4514
=	ROA %	*	Equity Multiplier
=	3.09 %	*	4.4514
=	13.74 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 2024) revenue data.

^** 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:

Sanlam Maroc's annulized ROA % for the quarter that ended in Jun. 2024 is

	ROA %		(Q: Jun. 2024 )
=	Net Income	/	Total Assets
=	752.77	/	24389.7075
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(752.77 / 7452.764)	*	(7452.764 / 24389.7075)
=	Net Margin %	*	Asset Turnover
=	10.1 %	*	0.3056
=	3.09 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 2024) revenue data.

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.

Sanlam Maroc Asset Turnover Related Terms

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