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Aksigorta AS (IST:AKGRT) Scaled Net Operating Assets : -0.48 (As of Sep. 2024)


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What is Aksigorta AS 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.

Aksigorta AS's operating assets for the quarter that ended in Sep. 2024 was ₺8,315 Mil. Aksigorta AS's operating liabilities for the quarter that ended in Sep. 2024 was ₺19,958 Mil. Aksigorta AS's Total Assets for the quarter that ended in Jun. 2024 was ₺24,120 Mil. Therefore, Aksigorta AS's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.48.

Aksigorta AS 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.

Aksigorta AS'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 )
=(15798.811-17827.814)/12837.435
=-0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=21125.792 - 5326.981
=15798.811

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17890.276 - 31.445 - 31.017
=17827.814

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

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(8314.984-19957.794)/24119.773
=-0.48

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=24721.004 - 16406.02
=8314.984

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20165.909 - 176.352 - 31.763
=19957.794

* 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.

Aksigorta AS Scaled Net Operating Assets Related Terms

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Aksigorta AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aksigorta AS (IST:AKGRT) » Definitions » Scaled Net Operating Assets
Comparable Companies
IST:AGESA IST:RAYSG IST:ANSGR BRK.A XTER:ALV XSWX:ZURN XPAR:CS MIL:G AIG ACGL TSX:SLF XTER:TLX XSWX:SLHN OHEL:SAMPO LSE:AV. XAMS:NN OCSE:TRYG BSP:BBSE3 TSX:BNT XAMS:ASRNL
Traded in Other Exchanges
N/A
Address
Poligon Avenue Buyaka 2 Site, No 8, Tower 1, Flat 0-6, Istanbul, TUR, 34471
Website
http://www.aksigorta.com.tr
Aksigorta AS is a Turkey-based general insurance company. Its main operations include insurance activities based on non-life insurance branches, including fire, marine, personal accident, engineering, agriculture and health insurance coverage policies. Aksigorta, renders service to retail and corporate customers all over Turkey with more than 10 regional headquarters, over 3,000 independent agencies, approx 782 Akbank branches, approx 69 brokers and approx 5,736 contracted institutions. It also offers its services online through its Aksigorta Service Centre.