syarikat takaful malaysia fianncial ratios
FINANCIAL PERFORMANCE SYARIKAT TAKAFUL MALAYSIA
1. Introduction
Syarikat Takaful Malaysia Berhad (Takaful Malaysia) was incorporated on the 29th of November 1984. The current authorised capital of Takaful Malaysia is RM500 million and paid-up capital is RM162.817 million. It commenced operation on the 22nd of July, 1985 prior to its official launching on the 2nd of August 1985 by the then Prime Minister of Malaysia, Tun Dr. Mahathir Mohamed
The incorporation of Takaful Malaysia was based on the recommendation of the “Task Force on the Study for the Establishment of an Islamic Insurance Company in Malaysia” (Task Force) set up by the Government of Malaysia in 1981.
2. Financial Analysis of the Financial Statements
The financial analysis ratio’s is base on highlights for profitability, liquidity, and management efficiency and leverage ratios.
SYARIKAT TAKAFUL MALAYSIA
2010
2011
2012
Current Ratio
1.43
2.52
2.39
Operating Income Return on Investment ( OIROI)
32.90%
21.20%
24.60%
Operating Profit Margin
94.33%
92.48%
92.00%
Total Asset Turnover
0.34
0.23
0.26
Fixed Asset Turnover
44.3
29.03
5.82
Return on Equity (ROE)
13.90%
16.80%
40.86%
Profitability Ratio
3.34%
5.53%
7.24%
3. Comments on financial statement of Syarikat Takaful Malaysia
3.1 The current ratio increased from year 2010 to year 2012. The possible reason for the increase is maybe due to expansion of operations overseas in generating receivables.
3.2 Operating income shows a decrease from year 2010 to 2012. The company has shown some improvement on the sales and possibly generating it from the new product that recently was launched by the company and aggressive marketing on giving some value added benefits to its clients.
3.3 The company’s profit margin decreased by 2% and it is consistent from year 2010 till year 2012. The possible reason for the increase in margin is due to growth in sales and creating more revenue for the company.
1. Introduction
Syarikat Takaful Malaysia Berhad (Takaful Malaysia) was incorporated on the 29th of November 1984. The current authorised capital of Takaful Malaysia is RM500 million and paid-up capital is RM162.817 million. It commenced operation on the 22nd of July, 1985 prior to its official launching on the 2nd of August 1985 by the then Prime Minister of Malaysia, Tun Dr. Mahathir Mohamed
The incorporation of Takaful Malaysia was based on the recommendation of the “Task Force on the Study for the Establishment of an Islamic Insurance Company in Malaysia” (Task Force) set up by the Government of Malaysia in 1981.
2. Financial Analysis of the Financial Statements
The financial analysis ratio’s is base on highlights for profitability, liquidity, and management efficiency and leverage ratios.
SYARIKAT TAKAFUL MALAYSIA
2010
2011
2012
Current Ratio
1.43
2.52
2.39
Operating Income Return on Investment ( OIROI)
32.90%
21.20%
24.60%
Operating Profit Margin
94.33%
92.48%
92.00%
Total Asset Turnover
0.34
0.23
0.26
Fixed Asset Turnover
44.3
29.03
5.82
Return on Equity (ROE)
13.90%
16.80%
40.86%
Profitability Ratio
3.34%
5.53%
7.24%
3. Comments on financial statement of Syarikat Takaful Malaysia
3.1 The current ratio increased from year 2010 to year 2012. The possible reason for the increase is maybe due to expansion of operations overseas in generating receivables.
3.2 Operating income shows a decrease from year 2010 to 2012. The company has shown some improvement on the sales and possibly generating it from the new product that recently was launched by the company and aggressive marketing on giving some value added benefits to its clients.
3.3 The company’s profit margin decreased by 2% and it is consistent from year 2010 till year 2012. The possible reason for the increase in margin is due to growth in sales and creating more revenue for the company.