Al-Rajhi Co For Cooperative Insurance (SAU:8230) Scaled Net Operating Assets : 0.13 (As of Sep. 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 Sep. 2024 was ﷼9,536 Mil. Al-Rajhi Co For Cooperative Insurance's operating liabilities for the quarter that ended in Sep. 2024 was ﷼8,476 Mil. Al-Rajhi Co For Cooperative Insurance's Total Assets for the quarter that ended in Jun. 2024 was ﷼8,444 Mil. Therefore, Al-Rajhi Co For Cooperative Insurance's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.13.

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 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 )
=	(9536.186	-	8475.881)	/	8443.721
=	0.13

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	10506.083	-	969.897
=	9536.186

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8509.887	-	34.006	-	0
=	8475.881

* 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 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

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 includes Medical; Motor; Property and Casualty; and Protection and Savings.