GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AIICO Insurance PLC (NSA:AIIC) » Definitions » Scaled Net Operating Assets

AIICO Insurance (NSA:AIIC) Scaled Net Operating Assets : 0.16 (As of Sep. 2024)


View and export this data going back to 2008. Start your Free Trial

What is AIICO Insurance 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.

AIICO Insurance's operating assets for the quarter that ended in Sep. 2024 was ₦344,223 Mil. AIICO Insurance's operating liabilities for the quarter that ended in Sep. 2024 was ₦288,020 Mil. AIICO Insurance's Total Assets for the quarter that ended in Jun. 2024 was ₦355,829 Mil. Therefore, AIICO Insurance's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.16.


AIICO Insurance 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.

AIICO Insurance'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 )
=(299672.833-236023.396)/268171.484
=0.24

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=318095.562 - 18422.729
=299672.833

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=266265.196 - 30241.8 - 0
=236023.396

AIICO Insurance'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 )
=(344223.459-288019.631)/355828.985
=0.16

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=399571.652 - 55348.193
=344223.459

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=335581.29 - 47561.659 - 0
=288019.631

* 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.


AIICO Insurance Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of AIICO Insurance's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


AIICO Insurance Business Description

Traded in Other Exchanges
N/A
Address
Churchgate Street, Plot PC 12, AIICO Plaza, Victoria Island, Lagos, NGA
AIICO Insurance PLC provides life and health insurance, general insurance, investment management, and pension management services as a means to create and protect wealth for individuals, families, and corporate customers in Nigeria. The company's key business areas include Life Insurance Business, Non-Life Insurance Business, Health, and Wealth Management, Deposit Administration, and Financial Services to organizations and private individuals. The group has four reportable segments: Life business which generates maximum revenue, General business, Health management services, and Asset management.