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Mgic Investment Corp (MTG) |
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Mgic Investment Asset Turnover Ratio
Quarterly Results, Trends, Rankings, Statistics
Due to the increase in investments during the forth quarter 2023, Mgic Investment's asset turnover ratio sequentially decreased to 0.19 in the fourth quarter (Dec 31 2023), this is lower than usual.
Within sector Mgic Investment Corp achieved the highest asset turnover ratio. While Asset turnover ratio total ranking has improved so far during the IV Quarter 2023, to 17, from total ranking in the third quarter 2023 at 67.
What is Asset Turnover Ratio?
What is Mgic Investment Corp Market Share?
Select the Comparisons :
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Select the Ratio:
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MTG Asset Turnover Ratio |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Asset Change |
3.66 % |
3.44 % |
-9.32 % |
-12.41 % |
-20.42 % |
Y / Y Revenue Change |
-2.84 % |
1.27 % |
-0.83 % |
-3.62 % |
-0.55 % |
Asset Turnover Ratio (TTM) |
0.19 |
0.2 |
0.2 |
0.19 |
0.19 |
MTG's Total
Ranking |
# 17 |
# 67 |
# 74 |
# 2514 |
# 1885 |
Seq. Asset Change |
2.11 % |
-1.12 % |
-0.18 % |
2.84 % |
1.9 % |
Seq. Revenue Change |
-4.23 % |
2.01 % |
2.36 % |
-2.84 % |
-0.19 % |
Asset Turnover Ratio Statistics |
High |
Average |
Low |
1569.63 |
164.36 |
5.31 |
(Jun 30 2021) |
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(Sep. 30, 2015) |
Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Financial Sector | Asset Turnover Ratio | Revenues for 12 Months ending Dec 31 2023 | Assets at quarter ending Dec 31 2023 | Price T Rowe Group Inc | 0.52 | $ 6,460.500 Millions | $ 12,403.400 Millions | World Acceptance Corp | 0.52 | $ 574.785 Millions | $ 1,114.133 Millions | Marsh and Mclennan Companies Inc | 0.52 | $ 22,814.000 Millions | $ 44,238.500 Millions | Gohealth Inc | 0.49 | $ 734.671 Millions | $ 1,490.671 Millions | Safety Insurance Group Inc | 0.46 | $ 930.956 Millions | $ 2,038.003 Millions | Atlanticus Holdings Corp | 0.46 | $ 1,155.876 Millions | $ 2,533.336 Millions | Assetmark Financial Holdings Inc | 0.45 | $ 708.499 Millions | $ 1,574.435 Millions | Ryman Hospitality Properties inc | 0.45 | $ 2,158.136 Millions | $ 4,819.426 Millions | Equifax inc | 0.44 | $ 5,265.200 Millions | $ 11,937.675 Millions | American Express Co | 0.42 | $ 102,973.000 Millions | $ 248,110.250 Millions | Everest Group Ltd | 0.41 | $ 18,223.533 Millions | $ 44,632.250 Millions | Donegal Group Inc | 0.41 | $ 927.338 Millions | $ 2,273.548 Millions | Moody s Corporation | 0.41 | $ 5,916.000 Millions | $ 14,555.750 Millions | Hamilton Lane Inc | 0.40 | $ 494.198 Millions | $ 1,227.029 Millions | Aon Plc | 0.39 | $ 13,407.000 Millions | $ 34,343.250 Millions | Kemper Corporation | 0.38 | $ 4,944.200 Millions | $ 12,948.000 Millions | Selective Insurance Group Inc | 0.37 | $ 4,232.106 Millions | $ 11,365.690 Millions | Ashford Hospitality Trust Inc | 0.37 | $ 1,367.533 Millions | $ 3,702.765 Millions | Root Inc | 0.37 | $ 455.000 Millions | $ 1,245.975 Millions | Kinsale Capital Group Inc | 0.36 | $ 1,224.449 Millions | $ 3,370.884 Millions | Fidelis Insurance Holdings Limited | 0.36 | $ 3,596.200 Millions | $ 10,028.100 Millions | Brp Group Inc | 0.35 | $ 1,218.555 Millions | $ 3,459.710 Millions | Sphere 3d Corp | 0.35 | $ 21.906 Millions | $ 62.735 Millions | Travelers Companies inc | 0.34 | $ 41,364.000 Millions | $ 121,571.750 Millions | W R Berkley Corp | 0.34 | $ 12,142.938 Millions | $ 35,729.530 Millions | Transunion | 0.34 | $ 3,851.900 Millions | $ 11,347.600 Millions | Janus Henderson Group Plc | 0.34 | $ 2,153.800 Millions | $ 6,369.675 Millions | Assurant Inc | 0.34 | $ 11,131.600 Millions | $ 33,215.975 Millions | Diamondrock Hospitality Co | 0.33 | $ 1,074.867 Millions | $ 3,225.815 Millions | The Hartford Financial Services Group Inc | 0.33 | $ 24,527.000 Millions | $ 75,110.750 Millions |
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