United Finance CoOG (MUS:UFCI) Scaled Net Operating Assets : 0.97 (As of Mar. 2023)

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What is United Finance CoOG 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.

United Finance CoOG's operating assets for the quarter that ended in Mar. 2023 was ر.ع99.46 Mil. United Finance CoOG's operating liabilities for the quarter that ended in Mar. 2023 was ر.ع9.14 Mil. United Finance CoOG's Total Assets for the quarter that ended in Dec. 2022 was ر.ع93.01 Mil. Therefore, United Finance CoOG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2023 was 0.97.

United Finance CoOG 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.

United Finance CoOG'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 )
=	(91.755	-	8.754)	/	84.456
=	0.98

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	93.012	-	1.257
=	91.755

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	44.96	-	36.206	-	0
=	8.754

United Finance CoOG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2023 )
=	(Operating Assets (Q: Mar. 2023 )	-	Operating Liabilities (Q: Mar. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(99.46	-	9.14)	/	93.012
=	0.97

where

	Operating Assets		(Q: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	99.848	-	0.388
=	99.46

	Operating Liabilities		(Q: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	52.499	-	43.359	-	0
=	9.14

* 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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United Finance CoOG (MUS:UFCI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Ruwi, P.O Box 3652, Muscat, OMN, 112

Website

https://www.ufcoman.com

United Finance Co SAOG is engaged in providing vehicle and equipment financing. The operating segments of the group are Corporate and Retail. It is also licensed to provide composite loans, bridge loans, hire purchases, debt factoring, and financing of receivables and leasing in the Sultanate of Oman. The company offers a wide range of financing products, corporate deposits, and Bancassurance.