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Cihan Bank for Islamic & Finance (IQS:BCIH) Asset Turnover : 0.01 (As of Sep. 2024)


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What is Cihan Bank for Islamic & Finance Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Cihan Bank for Islamic & Finance's Revenue for the three months ended in Sep. 2024 was ع.د14,114 Mil. Cihan Bank for Islamic & Finance's Total Assets for the quarter that ended in Sep. 2024 was ع.د1,323,924 Mil. Therefore, Cihan Bank for Islamic & Finance's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Cihan Bank for Islamic & Finance's annualized ROE % for the quarter that ended in Sep. 2024 was 2.96%. It is also linked to ROA % through Du Pont Formula. Cihan Bank for Islamic & Finance's annualized ROA % for the quarter that ended in Sep. 2024 was 1.81%.


Cihan Bank for Islamic & Finance Asset Turnover Historical Data

The historical data trend for Cihan Bank for Islamic & Finance'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.

* Premium members only.

Cihan Bank for Islamic & Finance Asset Turnover Chart

Cihan Bank for Islamic & Finance Annual Data
Trend Dec22 Dec23
Asset Turnover
0.04 0.06

Cihan Bank for Islamic & Finance Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.01 0.04 0.02 0.02 0.01

Competitive Comparison of Cihan Bank for Islamic & Finance's Asset Turnover

For the Banks - Regional subindustry, Cihan Bank for Islamic & Finance'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.


Cihan Bank for Islamic & Finance's Asset Turnover Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Cihan Bank for Islamic & Finance's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Cihan Bank for Islamic & Finance's Asset Turnover falls into.



Cihan Bank for Islamic & Finance Asset Turnover Calculation

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

Cihan Bank for Islamic & Finance'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 )
=79155.641/( (1280129.495+1223586.255)/ 2 )
=79155.641/1251857.875
=0.06

Cihan Bank for Islamic & Finance's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=14114.313/( (1330590.55+1317258.175)/ 2 )
=14114.313/1323924.3625
=0.01

* 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.


Cihan Bank for Islamic & Finance  (IQS:BCIH) Asset Turnover Explanation

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

Cihan Bank for Islamic & Finance's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=23976.72/811364.6915
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(23976.72 / 56457.252)*(56457.252 / 1323924.3625)*(1323924.3625/ 811364.6915)
=Net Margin %*Asset Turnover*Equity Multiplier
=42.47 %*0.0426*1.6317
=ROA %*Equity Multiplier
=1.81 %*1.6317
=2.96 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

Cihan Bank for Islamic & Finance's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=23976.72/1323924.3625
=(Net Income / Revenue)*(Revenue / Total Assets)
=(23976.72 / 56457.252)*(56457.252 / 1323924.3625)
=Net Margin %*Asset Turnover
=42.47 %*0.0426
=1.81 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.


Cihan Bank for Islamic & Finance Asset Turnover Related Terms

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Cihan Bank for Islamic & Finance Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
100m Road, P.O Box: 0116-17, Next to Cihan university, Erbil, IRQ
Cihan Bank for Islamic & Finance is an Islamic bank that practices banking and financial activities in accordance with the principles and provisions of Islamic Sharia.

Cihan Bank for Islamic & Finance Headlines

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