Oman Qatar Insurance CoOG (MUS:OQIC) Total Assets : ر.ع110.94 Mil (As of Dec. 2023)

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What is Oman Qatar Insurance CoOG Total Assets?

Oman Qatar Insurance CoOG's Total Assets for the quarter that ended in Dec. 2023 was ر.ع110.94 Mil.

During the past 12 months, Oman Qatar Insurance CoOG's average Total Assets Growth Rate was 49.70% per year. During the past 3 years, the average Total Assets Growth Rate was 4.90% per year. During the past 5 years, the average Total Assets Growth Rate was 0.60% per year.

During the past 8 years, Oman Qatar Insurance CoOG's highest 3-Year average Total Assets Growth Rate was 31.80%. The lowest was -5.80%. And the median was 4.90%.

Total Assets is connected with ROA %. Oman Qatar Insurance CoOG's annualized ROA % for the quarter that ended in Dec. 2023 was 6.71%. Total Assets is also linked to Revenue through Asset Turnover. Oman Qatar Insurance CoOG's Asset Turnover for the quarter that ended in Dec. 2023 was 0.14.

Oman Qatar Insurance CoOG Total Assets Historical Data

The historical data trend for Oman Qatar Insurance CoOG'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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Oman Qatar Insurance CoOG Total Assets Chart

Oman Qatar Insurance CoOG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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79.66

90.43

75.51

74.60

110.94

Oman Qatar Insurance CoOG Quarterly Data
	Dec17	Mar18	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															74.60	143.81	156.64	106.55	110.94

Oman Qatar Insurance CoOG 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.

Oman Qatar Insurance CoOG'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 )
	=	36.91	+	74.031
	=	110.94

Oman Qatar Insurance CoOG's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	36.91	+	74.031
	=	110.94

Oman Qatar Insurance CoOG (MUS:OQIC) Total Assets Explanation

Total Assets is connected with ROA %.

Oman Qatar Insurance CoOG's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	7.292	/	( (106.548	+	110.941)	/ 2 )
	=	7.292	/	108.7445
	=	6.71 %

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.

Oman Qatar Insurance CoOG's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	14.784	/	( (106.548	+	110.941)	/ 2 )
=	14.784	/	108.7445
=	0.14

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.

Oman Qatar Insurance CoOG Total Assets Related Terms

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Oman Qatar Insurance CoOG (MUS:OQIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oman Qatar Insurance Co SAOG (MUS:OQIC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box.3660, Ruwi, OMN, 112

Website

https://www.oqic.com

Oman Qatar Insurance Co SAOG is a life insurance company. It is engaged in the business of life and general insurance within the Sultanate of Oman. The company's segments include: Marine and aviation insurance includes marine cargo, marine hull, and machinery and aviation; Fire and general insurance includes fire, engineering, energy, motor, general accident, medical insurance, and third-party liability; and Group life and credit life insurance.

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