OUTsurance Group (JSE:OUT) Scaled Net Operating Assets : 0.22 (As of Jun. 2023)

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What is OUTsurance Group 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.

OUTsurance Group's operating assets for the quarter that ended in Jun. 2023 was R21,459 Mil. OUTsurance Group's operating liabilities for the quarter that ended in Jun. 2023 was R14,555 Mil. OUTsurance Group's Total Assets for the quarter that ended in Dec. 2022 was R32,075 Mil. Therefore, OUTsurance Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.22.

OUTsurance Group 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.

OUTsurance Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2024 )
=	(Operating Assets (A: Jun. 2024 )	-	Operating Liabilities (A: Jun. 2024 ))	/	Total Assets (A: Jun. 2023 )
=	(32565	-	18576)	/	29561
=	0.47

where

	Operating Assets		(A: Jun. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	34257	-	1692
=	32565

	Operating Liabilities		(A: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	18870	-	294	-	0
=	18576

OUTsurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(21459	-	14555)	/	32075
=	0.22

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	29561	-	8102
=	21459

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14635	-	80	-	0
=	14555

* 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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OUTsurance Group Business Description

Industry

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Traded in Other Exchanges

RMQ0:Germany

Address

1241 Embankment Road, Zwartkop Ext 7, Centurion, GT, ZAF, 0157

Website

https://www.outsurance.co.za

OUTsurance Group Ltd is a insurance group that specializes in property and casualty insurance. The group's activities are focused on the South African, Australian and Irish markets. Its primary source of revenue is insurance premiums for risk underwritten in personal lines, commercial lines and life insurance products.