Takaful Oman InsuranceOG (MUS:TAOI) Scaled Net Operating Assets : -0.02 (As of Dec. 2017)

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What is Takaful Oman InsuranceOG 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.

Takaful Oman InsuranceOG's operating assets for the quarter that ended in Dec. 2017 was ر.ع17.54 Mil. Takaful Oman InsuranceOG's operating liabilities for the quarter that ended in Dec. 2017 was ر.ع18.01 Mil. Takaful Oman InsuranceOG's Total Assets for the quarter that ended in Sep. 2017 was ر.ع26.01 Mil. Therefore, Takaful Oman InsuranceOG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2017 was -0.02.

Takaful Oman InsuranceOG 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.

Takaful Oman InsuranceOG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2017 )
=	(Operating Assets (A: Dec. 2017 )	-	Operating Liabilities (A: Dec. 2017 ))	/	Total Assets (A: Dec. 2016 )
=	(17.535	-	18.013)	/	23.511
=	-0.02

where

	Operating Assets		(A: Dec. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	26.484	-	8.949
=	17.535

	Operating Liabilities		(A: Dec. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	18.013	-	0	-	0
=	18.013

Takaful Oman InsuranceOG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2017 )
=	(Operating Assets (Q: Dec. 2017 )	-	Operating Liabilities (Q: Dec. 2017 ))	/	Total Assets (Q: Sep. 2017 )
=	(17.535	-	18.013)	/	26.014
=	-0.02

where

	Operating Assets		(Q: Dec. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	26.484	-	8.949
=	17.535

	Operating Liabilities		(Q: Dec. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	18.013	-	0	-	0
=	18.013

* 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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Takaful Oman InsuranceOG (MUS:TAOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Takaful Oman Insurance SAOG (MUS:TAOI) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

P.O. BOX 207, Bareeq Al Shatti, Muscat, OMN, 134

Website

http://www.takafuloman.om

Takaful Oman Insurance SAOG operates as an Islamic insurance provider in the Sultanate of Oman. It operates through two segments, General Takaful and Family Takaful. Its General Takaful segment which contributes majorly towards firm's revenue includes medical, fire, general accident and marine and cargo insurance. The company's products include group family, group health, group creditor, domestic helper, and travel takaful plans; and motor insurance, personal accident, workmen's compensation, marine cargo, property all risk, machinery breakdown, erection all risk, contractor's plant and equipment, and contractor's all risk takaful products.