GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Investment Company (K.S.C.C.) (KUW:ALOLA) » Definitions » Asset Turnover

First Investment Company (K.S.C.C.) (KUW:ALOLA) Asset Turnover : 0.00 (As of Dec. 2024)


View and export this data going back to 2001. Start your Free Trial

What is First Investment Company (K.S.C.C.) Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. First Investment Company (K.S.C.C.)'s Revenue for the three months ended in Dec. 2024 was KWD0.22 Mil. First Investment Company (K.S.C.C.)'s Total Assets for the quarter that ended in Dec. 2024 was KWD78.74 Mil. Therefore, First Investment Company (K.S.C.C.)'s Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. First Investment Company (K.S.C.C.)'s annualized ROE % for the quarter that ended in Dec. 2024 was -1.76%. It is also linked to ROA % through Du Pont Formula. First Investment Company (K.S.C.C.)'s annualized ROA % for the quarter that ended in Dec. 2024 was -0.62%.


First Investment Company (K.S.C.C.) Asset Turnover Historical Data

The historical data trend for First Investment Company (K.S.C.C.)'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.

First Investment Company (K.S.C.C.) Asset Turnover Chart

First Investment Company (K.S.C.C.) Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

First Investment Company (K.S.C.C.) Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - - -

Competitive Comparison of First Investment Company (K.S.C.C.)'s Asset Turnover

For the Asset Management subindustry, First Investment Company (K.S.C.C.)'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.


First Investment Company (K.S.C.C.)'s Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Investment Company (K.S.C.C.)'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where First Investment Company (K.S.C.C.)'s Asset Turnover falls into.


;
;

First Investment Company (K.S.C.C.) Asset Turnover Calculation

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

First Investment Company (K.S.C.C.)'s Asset Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=0.892/( (78.536+79.388)/ 2 )
=0.892/78.962
=0.01

First Investment Company (K.S.C.C.)'s Asset Turnover for the quarter that ended in Dec. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0.219/( (78.094+79.388)/ 2 )
=0.219/78.741
=0.00

* 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.


First Investment Company (K.S.C.C.)  (KUW:ALOLA) Asset Turnover Explanation

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

First Investment Company (K.S.C.C.)'s annulized ROE % for the quarter that ended in Dec. 2024 is

ROE %**(Q: Dec. 2024 )
=Net Income/Total Stockholders Equity
=-0.488/27.694
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.488 / 0.876)*(0.876 / 78.741)*(78.741/ 27.694)
=Net Margin %*Asset Turnover*Equity Multiplier
=-55.71 %*0.0111*2.8433
=ROA %*Equity Multiplier
=-0.62 %*2.8433
=-1.76 %

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

First Investment Company (K.S.C.C.)'s annulized ROA % for the quarter that ended in Dec. 2024 is

ROA %(Q: Dec. 2024 )
=Net Income/Total Assets
=-0.488/78.741
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.488 / 0.876)*(0.876 / 78.741)
=Net Margin %*Asset Turnover
=-55.71 %*0.0111
=-0.62 %

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


First Investment Company (K.S.C.C.) Asset Turnover Related Terms

Thank you for viewing the detailed overview of First Investment Company (K.S.C.C.)'s Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


First Investment Company (K.S.C.C.) Business Description

Traded in Other Exchanges
N/A
Address
Al Hamra Tower, AI Shahada Street, Floor 68, Sharq Area, Kuwait City, KWT, 13063
First Investment Company (K.S.C.C.) is a provider of investment and financial services in Kuwait. The company's activities include financial brokerage activities, securities trading transitions including buying and selling stocks and bonds of governmental and non-governmental agencies and companies. It invests in Agriculture, Oil & Oil Products, Manufacturing, Utilities, Construction, Services Sectors, Trade, Hotels, Transport, Finance, Real Estate, and Social and Personal services sector. The Company is organized into four business segments which are real estate, financial, services and others. The company operates in Kuwait, Kingdom of Saudi Arabia, and Others geographical areas with the majority of the revenue deriving from Kuwait.

First Investment Company (K.S.C.C.) Headlines

No Headlines