Investors Title Co (Investors Title Co) Scaled Net Operating Assets : 0.18 (As of Dec. 2023)

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What is Investors Title 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.

Investors Title Co's operating assets for the quarter that ended in Dec. 2023 was $132.5 Mil. Investors Title Co's operating liabilities for the quarter that ended in Dec. 2023 was $72.6 Mil. Investors Title Co's Total Assets for the quarter that ended in Sep. 2023 was $331.9 Mil. Therefore, Investors Title Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.18.

Investors Title 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.

Investors Title 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 )
=	(306.528	-	72.557)	/	339.757
=	0.69

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	330.559	-	24.031
=	306.528

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	79.006	-	6.449	-	0
=	72.557

Investors Title Co'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 )
=	(132.457	-	72.557)	/	331.915
=	0.18

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	330.559	-	198.102
=	132.457

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	79.006	-	6.449	-	0
=	72.557

* 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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Investors Title Co (Investors Title Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Investors Title Co (NAS:ITIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 North Columbia Street, Chapel Hill, NC, USA, 27514

Website

https://www.invtitle.com

Investors Title Co along with its subsidiaries is engaged in the issuance of residential and commercial title insurance through ITIC and NITIC. It also provides tax-deferred real property exchange services, investment management, and trust services, and management services to title insurance agencies. The company generates its revenue from interest and dividends.

Executives

James E Scott	director	121 NORTH COLUMBIA STREET, CHAPEL HILL NC 27514
Parker, Jr. Elton C.	director	121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Tammy Coley	director	121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Fine James A Jr	director, officer: President, Treasurer
Markel Gayner Asset Management Corp	10 percent owner	4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Timothy B Murphy	officer: Chief Executive Officer	230 BROADWAY, LYNNFIELD MA 01940
Markel Corp	10 percent owner	4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Markel American Insurance Co	10 percent owner	4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Essex Insurance Co	10 percent owner
Evanston Insurance Co	10 percent owner
R Horace Johnson	director	3317 LANDOR ROAD, RALEIGH NC 27609
Speed James H. Jr.	director	11032 BRASS KETTLE ROAD, RALEIGH NC 27614
Hutson Richard M Ii	director	PO BOX 2687, CHAPEL HILL NC 27515
W Morris Fine	director, officer: Executive Vice President
J Allen Fine	director, 10 percent owner, officer: Chief Executive Officer	121 NORTH COLUMBIA ST, INVESTORS TITLE CO, CHAPEL HILL NC 97514