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Shinkong Insurance Co Stock

Shinkong Insurance Co ROA 2024

Shinkong Insurance Co ROA

0.06

Ticker

2850.TW

ISIN

TW0002850005

In 2024, Shinkong Insurance Co's return on assets (ROA) was 0.06, a 36.1% increase from the 0.05 ROA in the previous year.

Shinkong Insurance Co Aktienanalyse

What does Shinkong Insurance Co do?

Shinkong Insurance Co Ltd is a Taiwanese company specializing in insurance. The company was founded in 1963 and is headquartered in Taipei, Taiwan. It is part of the Shinkong Group, which operates in various business areas including real estate, finance, hotels, and retail. The history of Shinkong Insurance Co Ltd begins in the 1960s when Taiwan transitioned from an agrarian country to an industrial state. At that time, Shinkong Insurance focused on insuring industrial and commercial enterprises and was one of the first insurance companies in Taiwan to offer automobile insurance. Over the following decades, the company expanded its range of insurance solutions and is now one of the leading companies in the Taiwanese insurance industry. Shinkong Insurance Co Ltd's business model is focused on offering comprehensive insurance solutions tailored to its customers' needs. The company specializes in various business areas, including vehicle, health, property, accident, professional, and travel insurance. Shinkong Insurance also provides life insurance and annuities to offer long-term financial security to its customers. The company works closely with its customers to ensure the best possible insurance coverage and to efficiently handle claims. In automobile insurance, Shinkong Insurance offers both liability and comprehensive coverage. Liability insurance covers damages caused by the insured vehicle, while comprehensive insurance also covers damages caused by the insured's own fault or natural events such as storms or floods. The company also offers special rates for electric vehicles and motorcycles. Shinkong Insurance's health insurance covers medical costs related to illnesses, injuries, or surgeries. Various plans are available, including coverage for hearing impairments or dental treatments. The company also offers sickness daily allowance insurance, which provides financial compensation for disability due to illness or accident. In property insurance, Shinkong Insurance provides coverage for homes as well as for businesses and farmers' property. The company offers insurance against fires, storms, floods, and earthquakes. Special rates are also available for owners of valuable artworks, antiques, or electronic devices. Shinkong Insurance's accident insurance provides financial protection in case of disability or death due to accidents. The insurance is available for individuals as well as for companies and employees. Various plans are available, including coverage for accidents during leisure activities such as cycling or mountain climbing. Shinkong Insurance's disability insurance provides financial protection in case of permanent disability due to illness or accident. The insurance is available for self-employed individuals as well as for employees. Various plans are available, including payment of pensions in old age or family protection in case of the insured's death. Shinkong Insurance's travel insurance provides protection while traveling, whether for business or leisure. The company offers insurance against accidents, illnesses, loss of luggage, cancellation, or the inability to reach the destination. Various plans are available, including special benefits for business travelers or student groups. Overall, Shinkong Insurance Co Ltd offers its customers a wide range of insurance solutions tailored to their individual needs. With its long-standing experience and expertise, the company has successfully established itself in the Taiwanese insurance industry and enjoys a good reputation with its customers. Shinkong Insurance Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Shinkong Insurance Co's Return on Assets (ROA)

Shinkong Insurance Co's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Shinkong Insurance Co's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Shinkong Insurance Co's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Shinkong Insurance Co’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Shinkong Insurance Co stock

What is the Return on Assets (ROA) of Shinkong Insurance Co this year?

The Return on Assets (ROA) of Shinkong Insurance Co is 0.06 undefined this year.

What was the ROA of Shinkong Insurance Co compared to the previous year?

The ROA of Shinkong Insurance Co has increased by 36.1% compared to the previous year.

What consequences do high ROA have for investors of Shinkong Insurance Co?

A high ROA is advantageous for investors of Shinkong Insurance Co, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Shinkong Insurance Co?

A low ROA can be unfavorable for investors of Shinkong Insurance Co as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Shinkong Insurance Co affect the company?

An increase in ROA of Shinkong Insurance Co can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Shinkong Insurance Co impact the company?

A reduction in the ROA of Shinkong Insurance Co can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Shinkong Insurance Co?

Some factors that can influence the ROA of Shinkong Insurance Co include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Shinkong Insurance Co important for investors?

The ROA of Shinkong Insurance Co is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Shinkong Insurance Co take to improve ROA?

To improve ROA, Shinkong Insurance Co can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Shinkong Insurance Co pay?

Over the past 12 months, Shinkong Insurance Co paid a dividend of 2.54 TWD . This corresponds to a dividend yield of about 2.75 %. For the coming 12 months, Shinkong Insurance Co is expected to pay a dividend of 2.54 TWD.

What is the dividend yield of Shinkong Insurance Co?

The current dividend yield of Shinkong Insurance Co is 2.75 %.

When does Shinkong Insurance Co pay dividends?

Shinkong Insurance Co pays a quarterly dividend. This is distributed in the months of August, July, July, July.

How secure is the dividend of Shinkong Insurance Co?

Shinkong Insurance Co paid dividends every year for the past 14 years.

What is the dividend of Shinkong Insurance Co?

For the upcoming 12 months, dividends amounting to 2.54 TWD are expected. This corresponds to a dividend yield of 2.75 %.

In which sector is Shinkong Insurance Co located?

Shinkong Insurance Co is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Shinkong Insurance Co kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Shinkong Insurance Co from 7/8/2024 amounting to 4.99 TWD, you needed to have the stock in your portfolio before the ex-date on 6/12/2024.

When did Shinkong Insurance Co pay the last dividend?

The last dividend was paid out on 7/8/2024.

What was the dividend of Shinkong Insurance Co in the year 2023?

In the year 2023, Shinkong Insurance Co distributed 3.2 TWD as dividends.

In which currency does Shinkong Insurance Co pay out the dividend?

The dividends of Shinkong Insurance Co are distributed in TWD.

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Andere Kennzahlen von Shinkong Insurance Co

Our stock analysis for Shinkong Insurance Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shinkong Insurance Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.