Al Madina Takaful Co.OG (MUS:AMAT) Scaled Net Operating Assets : 0.09 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Al Madina Takaful Co.OG 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 Madina Takaful Co.OG's operating assets for the quarter that ended in Dec. 2023 was ر.ع110.23 Mil. Al Madina Takaful Co.OG's operating liabilities for the quarter that ended in Dec. 2023 was ر.ع101.34 Mil. Al Madina Takaful Co.OG's Total Assets for the quarter that ended in Sep. 2023 was ر.ع102.62 Mil. Therefore, Al Madina Takaful Co.OG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.09.

Al Madina Takaful Co.OG 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 Madina Takaful Co.OG'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 )
=	(111.99	-	101.34)	/	122.606
=	0.09

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	123.239	-	11.249
=	111.99

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	101.34	-	0	-	0
=	101.34

Al Madina Takaful Co.OG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(110.234	-	101.34)	/	102.62
=	0.09

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	123.239	-	13.005
=	110.234

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	101.34	-	0	-	0
=	101.34

* 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.

Al Madina Takaful Co.OG Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Al Madina Takaful Co.OG's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Madina Takaful Co.OG (MUS:AMAT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office no. 301/302, P.O. Box 80, 3rd Floor, Building 6, Muscat Grand Mall, Ghubra, Muscat, OMN, 136

Website

https://www.almadinatakaful.com

Al Madina Takaful Co. SAOG is engaged in the business of takaful activities and investments by adopting the wakala and mudarabha model respectively, on behalf of the participants in accordance with the Islamic Sharia principles. The business operates in various segments that include the General Takaful segment; which includes insurance and reinsurance of motor, fire, general accident, marine cargo, and medical, and the Family Takaful segment; which includes insurance of an individual or group life. Fire, energy, medical, engineering, liability, and general accident segment and Motor, marine, and aviation. The General Takaful segment generates maximum revenue for the company. Geographically, the operations of the company are located inside the Sultanate of Oman.