Wethaq Takaful Insurance Company K.S.C.P Past Earnings Performance
Past criteria checks 3/6
Wethaq Takaful Insurance Company K.S.C.P has been growing earnings at an average annual rate of 33.8%, while the Insurance industry saw earnings growing at 29.1% annually. Revenues have been declining at an average rate of 17.2% per year. Wethaq Takaful Insurance Company K.S.C.P's return on equity is 2.2%, and it has net margins of 3.1%.
Key information
33.8%
Earnings growth rate
33.8%
EPS growth rate
| Insurance Industry Growth | 23.5% |
| Revenue growth rate | -17.2% |
| Return on equity | 2.2% |
| Net Margin | 3.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Wethaq Takaful Insurance Company K.S.C.P makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 3 | 0 | 0 | 0 |
| 30 Sep 23 | 1 | 0 | 1 | 0 |
| 30 Jun 23 | 1 | 0 | 1 | 0 |
| 31 Mar 23 | 1 | 0 | 1 | 0 |
| 31 Dec 22 | 4 | 0 | 0 | 0 |
| 30 Sep 22 | 2 | 0 | 1 | 0 |
| 30 Jun 22 | 2 | 0 | 2 | 0 |
| 31 Mar 22 | 2 | 0 | 2 | 0 |
| 31 Dec 21 | 2 | 0 | 2 | 0 |
| 30 Sep 21 | 2 | 0 | 1 | 0 |
| 30 Jun 21 | 2 | 0 | 1 | 0 |
| 31 Mar 21 | 2 | 0 | 1 | 0 |
| 31 Dec 20 | 2 | -1 | 1 | 0 |
| 30 Sep 20 | 3 | -1 | 1 | 0 |
| 30 Jun 20 | 3 | -1 | 1 | 0 |
| 31 Mar 20 | 3 | -1 | 1 | 0 |
| 31 Dec 19 | 3 | 0 | 1 | 0 |
| 30 Sep 19 | 4 | 0 | 1 | 0 |
| 30 Jun 19 | 4 | 0 | 1 | 0 |
| 31 Mar 19 | 4 | 0 | 1 | 0 |
| 31 Dec 18 | 4 | 0 | 1 | 0 |
| 30 Sep 18 | 3 | 0 | 2 | 0 |
| 30 Jun 18 | 3 | 0 | 2 | 0 |
| 31 Mar 18 | 3 | 0 | 2 | 0 |
| 31 Dec 17 | 3 | 0 | 2 | 0 |
| 30 Sep 17 | 4 | 0 | 2 | 0 |
| 30 Jun 17 | 4 | 1 | 2 | 0 |
| 31 Mar 17 | 4 | 1 | 2 | 0 |
| 31 Dec 16 | 4 | 1 | 2 | 0 |
| 30 Sep 16 | 4 | 1 | 2 | 0 |
| 30 Jun 16 | 4 | 0 | 2 | 0 |
| 31 Mar 16 | 2 | 0 | 2 | 0 |
| 31 Dec 15 | 4 | 0 | 2 | 0 |
| 30 Sep 15 | 1 | -1 | 0 | 0 |
| 30 Jun 15 | 0 | 0 | 0 | 0 |
| 31 Mar 15 | 0 | 0 | 0 | 0 |
| 31 Dec 14 | 0 | 0 | 0 | 0 |
| 30 Sep 14 | 3 | 0 | 2 | 0 |
| 30 Jun 14 | 3 | 0 | 2 | 0 |
| 31 Mar 14 | 7 | 1 | 2 | 0 |
| 31 Dec 13 | 6 | 0 | 2 | 0 |
| 30 Sep 13 | 1 | 0 | 2 | 0 |
| 30 Jun 13 | 2 | 0 | 2 | 0 |
Quality Earnings: WETHAQ has a large one-off gain of KWD25.9K impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: WETHAQ's current net profit margins (3.1%) are higher than last year (2.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WETHAQ has become profitable over the past 5 years, growing earnings by 33.8% per year.
Accelerating Growth: WETHAQ's earnings growth over the past year (6.4%) is below its 5-year average (33.8% per year).
Earnings vs Industry: WETHAQ earnings growth over the past year (6.4%) exceeded the Insurance industry 4.6%.
Return on Equity
High ROE: WETHAQ's Return on Equity (2.2%) is considered low.