Asia Financial Holdings (Asia Financial Holdings) Scaled Net Operating Assets : 0.20 (As of Dec. 2023)

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What is Asia Financial Holdings 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.

Asia Financial Holdings's operating assets for the quarter that ended in Dec. 2023 was $918.7 Mil. Asia Financial Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $548.4 Mil. Asia Financial Holdings's Total Assets for the quarter that ended in Jun. 2023 was $1,877.8 Mil. Therefore, Asia Financial Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.20.

Asia Financial Holdings 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.

Asia Financial Holdings'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 )
=	(1555.737	-	548.384)	/	1892.608
=	0.53

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1925.196	-	369.459
=	1555.737

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	548.868	-	0.484	-	0
=	548.384

Asia Financial Holdings'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: Jun. 2023 )
=	(918.654	-	548.384)	/	1877.819
=	0.20

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1925.196	-	1006.542
=	918.654

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	548.868	-	0.484	-	0
=	548.384

* 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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Asia Financial Holdings (Asia Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Asia Financial Holdings Ltd (GREY:AIFIF) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

00662:Hong Kong

Address

19 Des Voeux Road Central, 16th Floor, Worldwide House, Hong Kong, HKG

Website

https://www.afh.hk

Asia Financial Holdings Ltd operates in the financial services industry of Hong Kong. Its key offering is comprised of insurance products ranging from general insurance to life insurance, which is provided through its subsidiaries of China. The company's segment include the Insurance segment engages in the provision of the underwriting of general and life insurance; the Corporate segment engages in securities trading and holding and other businesses. Majority of the revenue is derived from Insurance segment. Its revenue is derived from operations carried out in Hong Kong, Macau and Mainland China.