If a company builds assets at 13.7% a year, faster than its revenue growth rate of 11.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, ICICI Lombard General Insurance Co's average Total Assets Growth Rate was 12.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.00% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 17.00% per year.
During the past 11 years, ICICI Lombard General Insurance Co's highest 3-Year average Total Assets Growth Rate was 26.20%. The lowest was 10.20%. And the median was 16.00%.
* 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.
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ICICI Lombard General Insurance Co Total Assets Chart
ICICI Lombard General Insurance Co Total Assets Calculation
Total Assets are all the assets a company owns.
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.
* 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.
ICICI Lombard General Insurance Co (BOM:540716) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) 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.
ICICI Lombard General Insurance Co's Asset Turnover for the quarter that ended in Dec. 2023 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.
ICICI Lombard General Insurance Co Total Assets Related Terms
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ICICI Lombard General Insurance Co (BOM:540716) Business Description
ICICI Lombard General Insurance Co Ltd is a general insurance company. Its business activities include Fire; Engineering; Marine and Liability. The company products include Motor Insurance; Car Insurance; Two Wheeler Insurance; Health Insurance; Complete Health Insurance; Health Booster; Personal Accident Insurance; International Travel Insurance; Home Insurance; Marine Insurance; NRI Insurance Services; Business Insurance; Third Party Insurance; Crop Insurance and Rural Insurance. Geographically, it operates only in India.
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