Al-Etihad Cooperative Insurance Co (SAU:8170) Total Assets : ﷼1,775 Mil (As of Mar. 2024)

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What is Al-Etihad Cooperative Insurance Co Total Assets?

Al-Etihad Cooperative Insurance Co's Total Assets for the quarter that ended in Mar. 2024 was ﷼1,775 Mil.

During the past 12 months, Al-Etihad Cooperative Insurance Co's average Total Assets Growth Rate was 32.30% per year. During the past 3 years, the average Total Assets Growth Rate was 28.30% per year. During the past 5 years, the average Total Assets Growth Rate was 7.40% per year. During the past 10 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 13 years, Al-Etihad Cooperative Insurance Co's highest 3-Year average Total Assets Growth Rate was 46.20%. The lowest was -16.80%. And the median was 16.30%.

Total Assets is connected with ROA %. Al-Etihad Cooperative Insurance Co's annualized ROA % for the quarter that ended in Mar. 2024 was 0.58%. Total Assets is also linked to Revenue through Asset Turnover. Al-Etihad Cooperative Insurance Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.21.

Al-Etihad Cooperative Insurance Co Total Assets Historical Data

The historical data trend for Al-Etihad Cooperative Insurance Co'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.

Al-Etihad Cooperative Insurance Co Total Assets Chart

Al-Etihad Cooperative Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,486.90

1,459.99

1,422.60

1,515.46

1,869.81

Al-Etihad Cooperative Insurance Co 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															1,518.80	1,549.49	1,720.94	1,869.81	1,774.87

Al-Etihad Cooperative 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.

Al-Etihad Cooperative Insurance Co'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 )
	=	671.62	+	1198.193
	=	1,870

Al-Etihad Cooperative Insurance Co'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 )
	=	674.28	+	1100.59
	=	1,775

Al-Etihad Cooperative Insurance Co (SAU:8170) Total Assets Explanation

Total Assets is connected with ROA %.

Al-Etihad Cooperative Insurance Co'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 )
	=	10.64	/	( (1869.813	+	1774.87)	/ 2 )
	=	10.64	/	1822.3415
	=	0.58 %

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.

Al-Etihad Cooperative Insurance Co'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 )
=	374.373	/	( (1869.813	+	1774.87)	/ 2 )
=	374.373	/	1822.3415
=	0.21

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.

Al-Etihad Cooperative Insurance Co Total Assets Related Terms

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Al-Etihad Cooperative Insurance Co (SAU:8170) Business Description

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Address

8514 King Fahad bin Abdulaziz Road, P. O. Box 1022, Al Abdulkarim Tower, Unit No 15, Al-Qashlah District, Dhahran, SAU, 34232-4233

Website

https://www.aletihad.sa

Al-Etihad Cooperative Insurance Co provides insurance and reinsurance services in Saudi Arabia. It offers services through the segments of Medical insurance, Property insurance, Engineering, Motor insurance, General accident, and others. The company principally operates in Saudi Arabia and derives key revenue from the Motor insurance segment.

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