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Citizens (FRA:YCX) Scaled Net Operating Assets : 0.09 (As of Mar. 2024)


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What is Citizens 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.

Citizens's operating assets for the quarter that ended in Mar. 2024 was €1,497.1 Mil. Citizens's operating liabilities for the quarter that ended in Mar. 2024 was €1,352.8 Mil. Citizens's Total Assets for the quarter that ended in Dec. 2023 was €1,530.4 Mil. Therefore, Citizens's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.09.

Citizens 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.

Citizens'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 )
=(1505.651-1372.565)/1501.624
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1530.407 - 24.756
=1505.651

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1372.565 - 0 - 0
=1372.565

Citizens's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(1497.084-1352.842)/1530.407
=0.09

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1532.41 - 35.326
=1497.084

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1352.842 - 0 - 0
=1352.842

* 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.

Citizens Scaled Net Operating Assets Related Terms

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Citizens (FRA:YCX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Citizens Inc (FRA:YCX) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
CIA:USA
Address
11815 Alterra Parkway, Suite 1500, Austin, TX, USA, 78758
Website
https://www.citizensinc.com
Citizens Inc is an insurance holding company serving the life insurance needs of individuals in the United States. The company provides insurance benefits to residents in 32 U.S. states and more than 70 countries through its insurance subsidiaries. The company operates in two business segments namely the Life Insurance segment and the Home Service Insurance segment. The company majority generates revenues from Life Insurance segment.