Safwa Islamic Bank (AMM:SIBK) Scaled Net Operating Assets : -0.08 (As of Dec. 2024)

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What is Safwa Islamic Bank 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.

Safwa Islamic Bank's operating assets for the quarter that ended in Dec. 2024 was JOD3,056.0 Mil. Safwa Islamic Bank's operating liabilities for the quarter that ended in Dec. 2024 was JOD3,315.2 Mil. Safwa Islamic Bank's Total Assets for the quarter that ended in Sep. 2024 was JOD3,398.6 Mil. Therefore, Safwa Islamic Bank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was -0.08.

Safwa Islamic Bank 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.

Safwa Islamic Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(3056.01	-	3315.182)	/	2928.983
=	-0.09

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3534.537	-	478.527
=	3056.01

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3325.033	-	9.851	-	0
=	3315.182

Safwa Islamic Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(3056.01	-	3315.182)	/	3398.555
=	-0.08

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3534.537	-	478.527
=	3056.01

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3325.033	-	9.851	-	0
=	3315.182

* 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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Safwa Islamic Bank Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Suleiman Al Nabulsi street, P.O Box 1982, Building No 38, Alabdali boulevard, Amman, JOR, 11118

Website

https://www.safwabank.com

Safwa Islamic Bank is engaged in banking corporations that offer banking and financial services including treasury, investment, and financial institutions services such as investment in equities, mutual funds, money markets products, foreign exchange (fx) services, and trustee services for corporations and financial institutions. The bank operates through three business sectors which include Retail accounts, Corporate accounts, and Treasury. The majority of the revenue derives from the Retail segment which includes unrestricted investment accounts, deferred sales receivables, financings, and other services related to retail.