Sohar International Bank (MUS:BKSB) Scaled Net Operating Assets : 0.06 (As of Mar. 2024)

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What is Sohar International 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.

Sohar International Bank's operating assets for the quarter that ended in Mar. 2024 was ر.ع5,880.9 Mil. Sohar International Bank's operating liabilities for the quarter that ended in Mar. 2024 was ر.ع5,459.0 Mil. Sohar International Bank's Total Assets for the quarter that ended in Dec. 2023 was ر.ع6,688.7 Mil. Therefore, Sohar International Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.06.

Sohar International 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.

Sohar International Bank'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 )
=	(5831.047	-	5289.138)	/	4131.001
=	0.13

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6688.72	-	857.673
=	5831.047

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5886.646	-	597.508	-	0
=	5289.138

Sohar International Bank'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 )
=	(5880.922	-	5459.048)	/	6688.72
=	0.06

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6797.567	-	916.645
=	5880.922

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6104.199	-	645.151	-	0
=	5459.048

* 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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Sohar International Bank (MUS:BKSB) Business Description

Industry

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Traded in Other Exchanges

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Address

Hai Al Mina, P.O. Box 44, Muscat, OMN, 114

Website

https://www.soharinternational.com

Sohar International Bank is engaged in commercial, investment, and Islamic banking through a network of commercial and Islamic banking branches within the Sultanate of Oman. The bank has four operating segments; Retail banking Includes loans to and deposits from retail customers, credit card, and fund transfer facilities, Wholesale banking includes loans to and deposits from large and mid-sector corporates, small & medium enterprises and trade finance customers, Investments, and Treasury, The head office includes the balance sheet, income and expense related items, and Islamic banking Includes Islamic financing activities, current accounts, unrestricted investment accounts and other products and services to corporate and individual customers under Shari'a principles.