Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) Scaled Net Operating Assets: 0.73 (As of Dec. 2022)

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What is Zain Al-Iraq Islamic Bank for Investment Scaled Net Operating Assets?

Zain Al-Iraq Islamic Bank for Investment IQS:MTMT Scaled Net Operating Assets is 0.73 as of Dec. 2022.

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

Zain Al-Iraq Islamic Bank for Investment's operating assets for the quarter that ended in Dec. 2022 was ع.د549,818 Mil. Zain Al-Iraq Islamic Bank for Investment's operating liabilities for the quarter that ended in Dec. 2022 was ع.د139,212 Mil. Zain Al-Iraq Islamic Bank for Investment's Total Assets for the quarter that ended in Sep. 2022 was ع.د561,182 Mil. Therefore, Zain Al-Iraq Islamic Bank for Investment's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2022 was 0.73.

Zain Al-Iraq Islamic Bank for Investment 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.

Zain Al-Iraq Islamic Bank for Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(549818.045-139212.24)/406203.786
=1.01

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=615302.85 - 65484.805
=549818.045

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=370092.539 - 230880.299 - 0
=139212.24

Zain Al-Iraq Islamic Bank for Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2022 )
=(Operating Assets (Q: Dec. 2022 )-Operating Liabilities (Q: Dec. 2022 ))/Total Assets (Q: Sep. 2022 )
=(549818.045-139212.24)/561182.336
=0.73

where

Operating Assets(Q: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=615302.85 - 65484.805
=549818.045

Operating Liabilities(Q: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=370092.539 - 230880.299 - 0
=139212.24

* 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 0.73 mean?
Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) has a Scaled Net Operating Assets of 0.73 as of Dec. 2022. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Zain Al-Iraq Islamic Bank for Investment and its competitors.
Is Zain Al-Iraq Islamic Bank for Investment's Scaled Net Operating Assets too high?
Zain Al-Iraq Islamic Bank for Investment's current Scaled Net Operating Assets is 0.73.
How does Zain Al-Iraq Islamic Bank for Investment's Scaled Net Operating Assets compare to ?
Zain Al-Iraq Islamic Bank for Investment's Scaled Net Operating Assets of 0.73 can be compared against companies in the Banks 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 a Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 Zain Al-Iraq Islamic Bank for Investment and its competitors. Zain Al-Iraq Islamic Bank for Investment's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zain Al-Iraq Islamic Bank for Investment stock overvalued right now?
Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) has a current Scaled Net Operating Assets of 0.73. The current Scaled Net Operating Assets is 0.73. 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 Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT), the current Scaled Net Operating Assets is 0.73 as of Dec. 2022. 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.

Zain Al-Iraq Islamic Bank for Investment Business Description

Comparable Companies
Address Harthiya, Behind Al-Jibji Hospital, Al-Kazemi Complex, Location 212/Z25/Dar 46/1, Baghdad, IRQ
Zain Al-Iraq Islamic Bank for Investment is an Iraq-based company. It provides bank services such as Deposits and bank accounts, Islamic financing, Electronic payment services, Remittance services, Documentary credits, Letters of guarantee, and Mobile banking services.