Sharjah Islamic Bank's Total Assets for the quarter that ended in Mar. 2024 was د.إ70,116 Mil.
During the past 12 months, Sharjah Islamic Bank's average Total Assets Growth Rate was 16.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 7.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.70% per year.
During the past 13 years, Sharjah Islamic Bank's highest 3-Year average Total Assets Growth Rate was 18.40%. The lowest was -1.80%. And the median was 10.90%.
The historical data trend for Sharjah Islamic Bank's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Sharjah Islamic Bank's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Sharjah Islamic Bank (ADX:SIB) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
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.
Total Assets is linked to total revenue through Asset Turnover.
Sharjah Islamic Bank's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Sharjah Islamic Bank Total Assets Related Terms
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Sharjah Islamic Bank (ADX:SIB) Business Description
Sharjah Islamic Bank is engaged in providing banking activities, financing, and investing activities. The bank's activities comprise four main business segments namely corporate and government; retail; investment and treasury; and hospitality, brokerage and real estate. It generates a majority of its revenue from the corporate and government segment in which the bank provides Islamic financial products and services to the companies, institutions, and government departments.
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