Meritz Fire & Marine Insurance Co (XKRX:000060) Scaled Net Operating Assets : -0.55 (As of Sep. 2022)

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What is Meritz Fire & Marine 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.

Meritz Fire & Marine Insurance Co's operating assets for the quarter that ended in Sep. 2022 was ₩11,538,322 Mil. Meritz Fire & Marine Insurance Co's operating liabilities for the quarter that ended in Sep. 2022 was ₩27,147,994 Mil. Meritz Fire & Marine Insurance Co's Total Assets for the quarter that ended in Jun. 2022 was ₩28,476,715 Mil. Therefore, Meritz Fire & Marine Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2022 was -0.55.

Meritz Fire & Marine 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.

Meritz Fire & Marine Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2021 )
=	(Operating Assets (A: Dec. 2021 )	-	Operating Liabilities (A: Dec. 2021 ))	/	Total Assets (A: Dec. 2020 )
=	(27096134.652	-	24336032.367)	/	25359260.981
=	0.11

where

	Operating Assets		(A: Dec. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	27688968.239	-	592833.587
=	27096134.652

	Operating Liabilities		(A: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	25293814.367	-	957782	-	0
=	24336032.367

Meritz Fire & Marine Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2022 )
=	(Operating Assets (Q: Sep. 2022 )	-	Operating Liabilities (Q: Sep. 2022 ))	/	Total Assets (Q: Jun. 2022 )
=	(11538322.202	-	27147993.614)	/	28476714.745
=	-0.55

where

	Operating Assets		(Q: Sep. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	29108959.319	-	17570637.117
=	11538322.202

	Operating Liabilities		(Q: Sep. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28490908.614	-	1342915	-	0
=	27147993.614

* 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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Meritz Fire & Marine Insurance Co (XKRX:000060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Meritz Fire & Marine Insurance Co Ltd (XKRX:000060) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

382 Gangnamdae-ro, Meritz Tower, Gangnam-gu, Seoul, KOR

Website

http://www.meritzfire.com

Meritz Fire & Marine Insurance Co Ltd is a property and casualty insurance company. The company operates one segment that focuses on property and casualty insurance products in Korea. The company offers automobile insurance, life and health insurance, and commercial liability insurance products. Meritz generates all of its revenue in South Korea. Meritz also provides child insurance, cancer insurance, and assurance analysis services. The company considers merger and acquisition investment as a component of its operational growth strategy.