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Sabb Takaful Co (SAU:8080) Scaled Net Operating Assets : -0.29 (As of Jun. 2022)


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What is Sabb Takaful 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.

Sabb Takaful Co's operating assets for the quarter that ended in Jun. 2022 was ﷼445.3 Mil. Sabb Takaful Co's operating liabilities for the quarter that ended in Jun. 2022 was ﷼762.0 Mil. Sabb Takaful Co's Total Assets for the quarter that ended in Mar. 2022 was ﷼1,094.5 Mil. Therefore, Sabb Takaful Co's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2022 was -0.29.

Sabb Takaful 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.

Sabb Takaful Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2021 )
=(Operating Assets (A: Dec. 2021 )-Operating Liabilities (A: Dec. 2021 ))/Total Assets (A: Dec. 2020 )
=(956.239-735.994)/941.659
=0.23

where

Operating Assets(A: Dec. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1028.271 - 72.032
=956.239

Operating Liabilities(A: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=735.994 - 0 - 0
=735.994

Sabb Takaful Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2022 )
=(Operating Assets (Q: Jun. 2022 )-Operating Liabilities (Q: Jun. 2022 ))/Total Assets (Q: Mar. 2022 )
=(445.339-761.958)/1094.521
=-0.29

where

Operating Assets(Q: Jun. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1057.308 - 611.969
=445.339

Operating Liabilities(Q: Jun. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=761.958 - 0 - 0
=761.958

* 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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Sabb Takaful Co (SAU:8080) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sabb Takaful Co (SAU:8080) » Definitions » Scaled Net Operating Assets
Comparable Companies
SAU:8270 SAU:8300 SAU:8100 SAU:8312 SAU:8170 SAU:8280 SAU:8240 SAU:8260 SAU:8180 SAU:8150 BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG MIL:G TSX:SLF OHEL:SAMPO HIG PFG
Traded in Other Exchanges
N/A
Address
6788 Salah Ad Din Al Ayyubi-Adh Dhubbat, Unit No. 3, Riyadh, SAU, 12627-4827
Website
https://www.sabbtakaful.com
Sabb Takaful Co is engaged in the insurance business. The objective of the company is to transact insurance operations and all related activities. It has three reportable segments: Individual family insurance, Group family insurance, and General insurance products. The company generates maximum revenue from the Individual family insurance segment. It operates in the Kingdom of Saudi Arabia.