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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?


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 Company Ranking
Within: No.
Property & Casualty Insurance Industry # 0
Financial Sector # 4
Overall Market # 17

Asset Turnover Ratio Statistics
High Average Low
1569.63 164.36 5.31
(Jun 30 2021)   (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

Date modified: 2024-02-22T09:59:59+00:00



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