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Gulf Insurance Group (SAU:8250) Scaled Net Operating Assets : -0.24 (As of Mar. 2024)


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What is Gulf Insurance Group 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.

Gulf Insurance Group's operating assets for the quarter that ended in Mar. 2024 was ﷼1,052 Mil. Gulf Insurance Group's operating liabilities for the quarter that ended in Mar. 2024 was ﷼1,777 Mil. Gulf Insurance Group's Total Assets for the quarter that ended in Dec. 2023 was ﷼2,960 Mil. Therefore, Gulf Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.24.

Gulf Insurance Group 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.

Gulf Insurance Group'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 )
=(2731.667-1865.526)/2587.332
=0.33

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2960.458 - 228.791
=2731.667

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1895.618 - 25.5 - 4.592
=1865.526

Gulf Insurance Group'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 )
=(1052.307-1777.285)/2960.458
=-0.24

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2837.57 - 1785.263
=1052.307

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1807.199 - 29.914 - 0
=1777.285

* 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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Gulf Insurance Group (SAU:8250) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gulf Insurance Group (SAU:8250) » Definitions » Scaled Net Operating Assets
Comparable Companies
SAU:8030 SAU:8060 SAU:8040 SAU:8170 SAU:8300 SAU:8280 SAU:8270 SAU:8120 SAU:8240 SAU:8310 BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO
Traded in Other Exchanges
N/A
Address
King Abdullah Road, P.O. Box 753, Al Nuzha District, Riyadh, SAU, 11421
Website
https://www.gig.sa
Gulf Insurance Group operates in the insurance industry. The company's line of business includes health, motor, marine, property, engineering, accident, liability, and protection insurance. It has various segments which include Motor, Property and Casualty, Health, and Protection. The majority of the revenue is generated from its Motor insurance segment which is intended to compensate the policyholder for damage to the vehicle or liability to third parties due to an accident.