The Company For Cooperative Insurance (SAU:8010) Scaled Net Operating Assets : 0.12 (As of Dec. 2024)

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What is The Company For Cooperative 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.

The Company For Cooperative Insurance's operating assets for the quarter that ended in Dec. 2024 was ﷼18,859 Mil. The Company For Cooperative Insurance's operating liabilities for the quarter that ended in Dec. 2024 was ﷼16,399 Mil. The Company For Cooperative Insurance's Total Assets for the quarter that ended in Sep. 2024 was ﷼20,905 Mil. Therefore, The Company For Cooperative Insurance's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.12.

The Company For Cooperative 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.

The Company For Cooperative Insurance's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(18924.233	-	16398.649)	/	18416.726
=	0.14

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20995.701	-	2071.468
=	18924.233

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16517.458	-	118.809	-	0
=	16398.649

The Company For Cooperative Insurance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(18859.137	-	16398.649)	/	20905.216
=	0.12

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20995.701	-	2136.564
=	18859.137

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16517.458	-	118.809	-	0
=	16398.649

* 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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The Company For Cooperative Insurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Company For Cooperative Insurance (SAU:8010) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6507 Ath Thumamah Road- Al-Rabie District, P.O. Box 86959, Riyadh, SAU, 11632

Website

https://www.tawuniya.com.sa

The Company For Cooperative Insurance is an insurance company. The company provides its customers with more than 60 types of insurance including medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, liability insurance and many other types of insurance. The purpose of the company is to transact cooperative insurance operations and all related activities including reinsurance and agency activities. The company is organized into business units based on its products and services and has seven reportable segments as follows, Medical, Medical Umrah, Motor insurance, Property and Casualty, General accidents- Hajj & Umrah insurance, Travel and COVID-19, Protection & Savings.