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Janashakthi Insurance Co (COL:JINS.N0000) Scaled Net Operating Assets : 0.42 (As of Mar. 2024)


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What is Janashakthi Insurance Co Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Janashakthi Insurance Co's operating assets for the quarter that ended in Mar. 2024 was රු32,769 Mil. Janashakthi Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was රු17,696 Mil. Janashakthi Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was රු36,192 Mil. Therefore, Janashakthi Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.42.

Janashakthi Insurance Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Janashakthi Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(35838.64-16804.994)/25145.767
=0.76

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=36192.21 - 353.57
=35838.64

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20600.293 - 2967.526 - 827.773
=16804.994

Janashakthi Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(32769.252-17695.75)/36192.21
=0.42

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=37282.255 - 4513.003
=32769.252

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21083.183 - 2846.17 - 541.263
=17695.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Janashakthi Insurance Co (COL:JINS.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Janashakthi Insurance Co PLC (COL:JINS.N0000) » Definitions » Scaled Net Operating Assets
Comparable Companies
COL:AAIC.N0000 SHSE:601628 SHSE:601318 HKSE:01299 BOM:543526 AFL MET PRU SHSE:601601 TSX:MFC LSE:PRU TSX:GWO TPE:2881 TSE:8750 TPE:2882 BOM:540777 BOM:540719 TSX:POW SHSE:601336 GL
Traded in Other Exchanges
N/A
Address
No. 75, Kumaran Ratnam Road, P.O. Box 1672, Colombo, LKA, 02
Website
https://www.janashakthi.com
Janashakthi Insurance Co PLC is an insurance company. The company only operates in a Life Insurance business. Life insurance contracts offered by the Company include whole life, term assurance, retirement plans, critical illness benefit, endowment plans, disability insurance, surgery benefit, and daily hospital cash.