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First Insurance Co (TPE:2852) Scaled Net Operating Assets : 0.22 (As of Mar. 2024)


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What is First 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.

First Insurance Co's operating assets for the quarter that ended in Mar. 2024 was NT$15,745 Mil. First Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was NT$11,519 Mil. First Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was NT$19,249 Mil. Therefore, First Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.22.

First 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.

First 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 )
=(17861.775-11117.378)/17653.68
=0.38

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=19248.779 - 1387.004
=17861.775

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11121.148 - 3.77 - 0
=11117.378

First 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 )
=(15744.879-11518.908)/19248.779
=0.22

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=19928.869 - 4183.99
=15744.879

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11522.418 - 3.51 - 0
=11518.908

* 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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First Insurance Co (TPE:2852) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Insurance Co Ltd (TPE:2852) » Definitions » Scaled Net Operating Assets
Comparable Companies
TPE:2832 TPE:2850 PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC TSX:FFH TSE:8725 MKL WRB CINF ASX:QBE TSE:8630 L ASX:SUN CNA
Traded in Other Exchanges
N/A
Address
No. 54, Zhongxiao East Road, 11th Floor, Section 1, Taipei, TWN
Website
https://www.firstins.com.tw
First Insurance Co Ltd is engaged in the provision of insurance services. The company offers various insurance services such as fire, liability, and professional insurance such as medical malpractice insurance, hospital comprehensive liability insurance, directors, and officer's liability insurance, personal accident, motor, and marine transportation insurance, machinery and engineering insurance, and others. Additionally, it also renders reinsurance services.