Al Ahlia Insurance CoOG (MUS:AINS) Scaled Net Operating Assets : 0.49 (As of Dec. 2021)

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What is Al Ahlia Insurance CoOG 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.

Al Ahlia Insurance CoOG's operating assets for the quarter that ended in Dec. 2021 was ر.ع73.99 Mil. Al Ahlia Insurance CoOG's operating liabilities for the quarter that ended in Dec. 2021 was ر.ع34.48 Mil. Al Ahlia Insurance CoOG's Total Assets for the quarter that ended in Dec. 2020 was ر.ع80.63 Mil. Therefore, Al Ahlia Insurance CoOG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2021 was 0.49.

Al Ahlia Insurance CoOG 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.

Al Ahlia Insurance CoOG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(72.828	-	33.861)	/	75.708
=	0.51

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	75.575	-	2.747
=	72.828

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	34.84	-	0.506	-	0.473
=	33.861

Al Ahlia Insurance CoOG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2021 )
=	(Operating Assets (Q: Dec. 2021 )	-	Operating Liabilities (Q: Dec. 2021 ))	/	Total Assets (Q: Dec. 2020 )
=	(73.99	-	34.48)	/	80.63
=	0.49

where

	Operating Assets		(Q: Dec. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	75.708	-	1.718
=	73.99

	Operating Liabilities		(Q: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	35.394	-	0.472	-	0.442
=	34.48

* 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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Al Ahlia Insurance CoOG (MUS:AINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Ahlia Insurance Co SAOG (MUS:AINS) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ominvest Business Center, P.O. Box 1463, Ruwi, Muscat, OMN, 112

Website

https://www.alahliarsa.com

Al Ahlia Insurance Co SAOG is a non-life insurance company in Oman. It mainly writes short-term insurance contracts covering general risks. The company has two reportable segments: Motor and Non-motor.