Allied Cooperative Insurance Group (SAU:8150) Total Assets : ﷼907.6 Mil (As of Mar. 2024)

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What is Allied Cooperative Insurance Group Total Assets?

Allied Cooperative Insurance Group's Total Assets for the quarter that ended in Mar. 2024 was ﷼907.6 Mil.

During the past 12 months, Allied Cooperative Insurance Group's average Total Assets Growth Rate was 237.40% per year. During the past 3 years, the average Total Assets Growth Rate was 21.70% per year. During the past 5 years, the average Total Assets Growth Rate was 7.60% per year. During the past 10 years, the average Total Assets Growth Rate was 8.30% per year.

During the past 13 years, Allied Cooperative Insurance Group's highest 3-Year average Total Assets Growth Rate was 42.60%. The lowest was -4.10%. And the median was 14.60%.

Total Assets is connected with ROA %. Allied Cooperative Insurance Group's annualized ROA % for the quarter that ended in Mar. 2024 was 10.88%. Total Assets is also linked to Revenue through Asset Turnover. Allied Cooperative Insurance Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.24.

Allied Cooperative Insurance Group Total Assets Historical Data

The historical data trend for Allied Cooperative Insurance Group'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.

* Premium members only.

Allied Cooperative Insurance Group Total Assets Chart

Allied Cooperative Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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562.83

607.41

474.29

762.79

929.55

Allied Cooperative Insurance Group 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															852.64	854.66	930.69	929.55	907.62

Allied Cooperative Insurance Group 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.

Allied Cooperative Insurance Group'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 )
	=	254.343	+	675.211
	=	929.6

Allied Cooperative Insurance Group'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 )
	=	279.337	+	628.284
	=	907.6

Allied Cooperative Insurance Group (SAU:8150) Total Assets Explanation

Total Assets is connected with ROA %.

Allied Cooperative Insurance Group'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 )
	=	99.972	/	( (929.554	+	907.621)	/ 2 )
	=	99.972	/	918.5875
	=	10.88 %

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.

Allied Cooperative Insurance Group'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 )
=	217.112	/	( (929.554	+	907.621)	/ 2 )
=	217.112	/	918.5875
=	0.24

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.

Allied Cooperative Insurance Group Total Assets Related Terms

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Allied Cooperative Insurance Group (SAU:8150) Business Description

Industry

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Address

Prince Turki bin Abdulaziz Al-Awal Road, P.O. Box 40523, Unit No. 2171, Hittin District, Riyadh, SAU, 11511

Website

https://www.acig.com.sa

Allied Cooperative Insurance Group is a Saudi Arabia based insurance company. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The operating segment of the company are Medical Insurance, Motor Insurance and General Accident Insurance segments. Medical segment provides compensation to policy holders for expenses incurred in treatment of a disease, illness or injury. Motor provides coverage against losses and liability related to motor vehicles. Other includes property, marine, aviation, accident and liability categories. It earns a vast majority of revenues from the motor insurance segment.

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