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Alimtiaz Investment Group Co KSC (KUW:ALIMTIAZ) Asset Turnover : 0.08 (As of Mar. 2024)


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What is Alimtiaz Investment Group Co KSC Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Alimtiaz Investment Group Co KSC's Revenue for the three months ended in Mar. 2024 was KWD17.90 Mil. Alimtiaz Investment Group Co KSC's Total Assets for the quarter that ended in Mar. 2024 was KWD232.23 Mil. Therefore, Alimtiaz Investment Group Co KSC's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. Alimtiaz Investment Group Co KSC's annualized ROE % for the quarter that ended in Mar. 2024 was -3.12%. It is also linked to ROA % through Du Pont Formula. Alimtiaz Investment Group Co KSC's annualized ROA % for the quarter that ended in Mar. 2024 was -2.03%.


Alimtiaz Investment Group Co KSC Asset Turnover Historical Data

The historical data trend for Alimtiaz Investment Group Co KSC'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.

Alimtiaz Investment Group Co KSC Asset Turnover Chart

Alimtiaz Investment Group Co KSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.17 0.24 0.26 0.25

Alimtiaz Investment Group Co KSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.07 0.07 0.05 0.05 0.08

Competitive Comparison of Alimtiaz Investment Group Co KSC's Asset Turnover

For the Asset Management subindustry, Alimtiaz Investment Group Co KSC'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.


Alimtiaz Investment Group Co KSC's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Alimtiaz Investment Group Co KSC's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Alimtiaz Investment Group Co KSC's Asset Turnover falls into.



Alimtiaz Investment Group Co KSC Asset Turnover Calculation

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

Alimtiaz Investment Group Co KSC'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 )
=61.087/( (255.689+234.787)/ 2 )
=61.087/245.238
=0.25

Alimtiaz Investment Group Co KSC's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=17.899/( (234.787+229.665)/ 2 )
=17.899/232.226
=0.08

* 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.


Alimtiaz Investment Group Co KSC  (KUW:ALIMTIAZ) Asset Turnover Explanation

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

Alimtiaz Investment Group Co KSC's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-4.716/151.057
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4.716 / 71.596)*(71.596 / 232.226)*(232.226/ 151.057)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.59 %*0.3083*1.5373
=ROA %*Equity Multiplier
=-2.03 %*1.5373
=-3.12 %

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

Alimtiaz Investment Group Co KSC's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=-4.716/232.226
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4.716 / 71.596)*(71.596 / 232.226)
=Net Margin %*Asset Turnover
=-6.59 %*0.3083
=-2.03 %

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


Alimtiaz Investment Group Co KSC Asset Turnover Related Terms

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Alimtiaz Investment Group Co KSC (KUW:ALIMTIAZ) Business Description

Traded in Other Exchanges
N/A
Address
Sharq, Khaled Bin Al Waleed Street, Al Dhow Tower, P.O. Box: 29050, Kuwait, KWT, 13151
Alimtiaz Investment Group Co KSC is an investment company. The company manages a diversified portfolio of investments primarily in operating assets consisting of six main businesses namely Real Estate, Pharmaceuticals, Education, IT and technology services, and Food and Beverages in various geographic locations. The company operates its business in various segments including Investment Properties, Financial Investments, Healthcare, Education, Oil and construction, IT(Information Technology) solutions and fintech, Food sales, and Others.

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