Al-Khazna Insurance Co PSC (ADX:AKIC) Scaled Net Operating Assets: 0.32 (As of Dec. 2020)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Al-Khazna Insurance Co PSC Scaled Net Operating Assets?

Al-Khazna Insurance Co PSC ADX:AKIC Scaled Net Operating Assets is 0.32 as of Dec. 2020.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Al-Khazna Insurance Co PSC's operating assets for the quarter that ended in Dec. 2020 was د.إ375.18 Mil. Al-Khazna Insurance Co PSC's operating liabilities for the quarter that ended in Dec. 2020 was د.إ229.51 Mil. Al-Khazna Insurance Co PSC's Total Assets for the quarter that ended in Sep. 2020 was د.إ455.76 Mil. Therefore, Al-Khazna Insurance Co PSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was 0.32.

Al-Khazna Insurance Co PSC 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-Khazna Insurance Co PSC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2020 )
=(Operating Assets (A: Dec. 2020 )-Operating Liabilities (A: Dec. 2020 ))/Total Assets (A: Dec. 2019 )
=(381.928-229.507)/463.148
=0.33

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=386.018 - 4.09
=381.928

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=377.223 - 60.439 - 87.277
=229.507

Al-Khazna Insurance Co PSC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2020 )
=(Operating Assets (Q: Dec. 2020 )-Operating Liabilities (Q: Dec. 2020 ))/Total Assets (Q: Sep. 2020 )
=(375.184-229.507)/455.762
=0.32

where

Operating Assets(Q: Dec. 2020 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=386.018 - 10.834
=375.184

Operating Liabilities(Q: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=377.223 - 60.439 - 87.277
=229.507

* 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.

What does a Scaled Net Operating Assets of 0.32 mean?
Al-Khazna Insurance Co PSC (ADX:AKIC) has a Scaled Net Operating Assets of 0.32 as of Dec. 2020. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Al-Khazna Insurance Co PSC and its competitors.
Is Al-Khazna Insurance Co PSC's Scaled Net Operating Assets too high?
Al-Khazna Insurance Co PSC's current Scaled Net Operating Assets is 0.32.
How does Al-Khazna Insurance Co PSC's Scaled Net Operating Assets compare to PIH and NSEC?
Al-Khazna Insurance Co PSC's Scaled Net Operating Assets of 0.32 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Al-Khazna Insurance Co PSC and its competitors. Al-Khazna Insurance Co PSC's current Scaled Net Operating Assets is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al-Khazna Insurance Co PSC stock overvalued right now?
Al-Khazna Insurance Co PSC (ADX:AKIC) has a current Scaled Net Operating Assets of 0.32. The current Scaled Net Operating Assets is 0.32. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Al-Khazna Insurance Co PSC (ADX:AKIC), the current Scaled Net Operating Assets is 0.32 as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Al-Khazna Insurance Co PSC Business Description

Address Al Khazna Tower, P. O. Box 73343, Abu Dhabi, ARE
Al-Khazna Insurance Co PSC offers specialized risk management and insurance services with a strong presence and a diverse portfolio of business comprising Personal Accident, Property both operational and construction, Group Life & Medical, Motor, Liability both financial and casualty lines, Marine, Energy and Aviation, and niche products like credit, affinity products etc. We are fully geared to handle all classes of business in UAE and other GCC countries.