Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Total Assets : KWD4.27 Mil (As of Mar. 2024)

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What is Wethaq Takaful Insurance Co KCSC Total Assets?

Wethaq Takaful Insurance Co KCSC's Total Assets for the quarter that ended in Mar. 2024 was KWD4.27 Mil.

During the past 12 months, Wethaq Takaful Insurance Co KCSC's average Total Assets Growth Rate was 3.20% per year. During the past 3 years, the average Total Assets Growth Rate was 1.00% per year. During the past 5 years, the average Total Assets Growth Rate was -23.00% per year. During the past 10 years, the average Total Assets Growth Rate was -10.00% per year.

During the past 13 years, Wethaq Takaful Insurance Co KCSC's highest 3-Year average Total Assets Growth Rate was 17.30%. The lowest was -32.80%. And the median was -10.70%.

Total Assets is connected with ROA %. Wethaq Takaful Insurance Co KCSC's annualized ROA % for the quarter that ended in Mar. 2024 was 4.15%. Total Assets is also linked to Revenue through Asset Turnover. Wethaq Takaful Insurance Co KCSC's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Wethaq Takaful Insurance Co KCSC Total Assets Historical Data

The historical data trend for Wethaq Takaful Insurance Co KCSC'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.

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Wethaq Takaful Insurance Co KCSC Total Assets Chart

Wethaq Takaful Insurance Co KCSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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12.08

4.21

4.38

4.23

4.22

Wethaq Takaful Insurance Co KCSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															4.11	4.22	4.17	4.22	4.27

Wethaq Takaful Insurance Co KCSC 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.

Wethaq Takaful Insurance Co KCSC's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	4.071	+	0.147
	=	4.22

Wethaq Takaful Insurance Co KCSC's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	4.134	+	0.14
	=	4.27

Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Total Assets Explanation

Total Assets is connected with ROA %.

Wethaq Takaful Insurance Co KCSC's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.176	/	( (4.217	+	4.274)	/ 2 )
	=	0.176	/	4.2455
	=	4.15 %

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.

Wethaq Takaful Insurance Co KCSC's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.059	/	( (4.217	+	4.274)	/ 2 )
=	0.059	/	4.2455
=	0.01

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.

Wethaq Takaful Insurance Co KCSC Total Assets Related Terms

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Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) » Definitions » Total Assets

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Address

Khaled Bin Al Waleed Street, P.O. Box 371 City Tower, Sharq, 11 & 12 & Ground Floors, Safat, Kuwait City, KWT, 13004

Website

https://www.wethaq.com

Wethaq Takaful Insurance Co KCSC is engaged in the takaful, mutual, and retakaful insurance business. The company's core business activities are categorized into two key segments - Investment and Takaful Insurance. The majority of its revenue is derived from the Takaful Insurance segment. Its product portfolio comprises motors insurance, fire and property, construction and engineering, liabilities, health and life, financial, marine, and aviation insurance.

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