Allianzudi Fransi Cooperative Insurance Co (SAU:8040) Scaled Net Operating Assets : -0.02 (As of Dec. 2023)

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What is Allianzudi Fransi Cooperative Insurance Co 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.

Allianzudi Fransi Cooperative Insurance Co's operating assets for the quarter that ended in Dec. 2023 was ﷼1,299.5 Mil. Allianzudi Fransi Cooperative Insurance Co's operating liabilities for the quarter that ended in Dec. 2023 was ﷼1,351.7 Mil. Allianzudi Fransi Cooperative Insurance Co's Total Assets for the quarter that ended in Sep. 2023 was ﷼2,190.3 Mil. Therefore, Allianzudi Fransi Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.02.

Allianzudi Fransi Cooperative Insurance Co 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.

Allianzudi Fransi Cooperative Insurance Co'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 )
=	(2029.198	-	1351.683)	/	2050.052
=	0.33

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2155.386	-	126.188
=	2029.198

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1354.702	-	3.019	-	0
=	1351.683

Allianzudi Fransi Cooperative Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(1299.494	-	1351.683)	/	2190.292
=	-0.02

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2155.386	-	855.892
=	1299.494

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1354.702	-	3.019	-	0
=	1351.683

* 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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Allianzudi Fransi Cooperative Insurance Co (SAU:8040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allianz Saudi Fransi Cooperative Insurance Co (SAU:8040) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khurais Road, P.O. Box 3540, Al Safwa Commercial Building, Riyadh, SAU, 11481

Website

https://www.allianzsf.com

Allianz Saudi Fransi Cooperative Insurance Company is a company that provides comprehensive insurance solutions to individuals and corporate customers. It provides insurance in the areas of aviation, marines, health, motor fleet, engineering, and property and casualty. It has five reportable business segments: Motor insurance provides coverage against loss or damage to the motor vehicles caused by accident, fire, or theft, Health care (medical) products provide medical cover to policyholders; the Protection and saving segment includes a variety of savings products designed to meet the needs of individuals as well as corporate institutions, Shareholders' segment - reporting shareholder operations of the Company and Property and casualty.