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Al-Rajhi Co For Cooperative Insurance (SAU:8230) Scaled Net Operating Assets : 0.10 (As of Mar. 2024)


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What is Al-Rajhi Co 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.

Al-Rajhi Co For Cooperative Insurance's operating assets for the quarter that ended in Mar. 2024 was ﷼6,485 Mil. Al-Rajhi Co For Cooperative Insurance's operating liabilities for the quarter that ended in Mar. 2024 was ﷼5,774 Mil. Al-Rajhi Co For Cooperative Insurance's Total Assets for the quarter that ended in Dec. 2023 was ﷼6,824 Mil. Therefore, Al-Rajhi Co For Cooperative Insurance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.10.

Al-Rajhi Co 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.

Al-Rajhi Co For Cooperative 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 )
=(5879.084-5059.919)/4331.174
=0.19

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6824.187 - 945.103
=5879.084

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5101.401 - 35.678 - 5.804
=5059.919

Al-Rajhi Co For Cooperative Insurance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(6484.948-5773.921)/6824.187
=0.10

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7639.266 - 1154.318
=6484.948

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5813.401 - 39.48 - 0
=5773.921

* 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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Al-Rajhi Co For Cooperative Insurance (SAU:8230) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Rajhi Co For Cooperative Insurance (SAU:8230) » Definitions » Scaled Net Operating Assets
Comparable Companies
SAU:8060 SAU:8250 SAU:8030 SAU:8040 SAU:8170 SAU:8300 SAU:8280 SAU:8270 SAU:8120 SAU:8240 BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO
Traded in Other Exchanges
N/A
Address
3485-Ath Thummamah road, P.O.Box 67791, Al Rabie District, Riyadh, SAU, 11517
Website
https://www.alrajhitakaful.com
Al-Rajhi Co For Cooperative Insurance is engaged in the provision of cooperative insurance and reinsurance services. The purpose of the company is to conduct cooperative insurance operations and all related activities including re-takaful and agency activities. Its operating segments include Medical; Motor; Property and Casualty; and Protection and Savings.