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Wataniya Insurance Co (SAU:8300) Scaled Net Operating Assets : 0.25 (As of Sep. 2024)


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What is Wataniya 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.

Wataniya Insurance Co's operating assets for the quarter that ended in Sep. 2024 was ﷼2,067 Mil. Wataniya Insurance Co's operating liabilities for the quarter that ended in Sep. 2024 was ﷼1,567 Mil. Wataniya Insurance Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼2,008 Mil. Therefore, Wataniya Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.25.

Wataniya 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.

Wataniya 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 )
=(1841.516-1375.968)/1333.966
=0.35

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1864.246 - 22.73
=1841.516

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1375.968 - 0 - 0
=1375.968

Wataniya Insurance Co'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 )
=(2067.284-1566.96)/2007.902
=0.25

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2130.696 - 63.412
=2067.284

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1571.581 - 3.81 - 0.811
=1566.96

* 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.

Wataniya Insurance Co Scaled Net Operating Assets Related Terms

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Wataniya Insurance Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Wataniya Insurance Co (SAU:8300) » Definitions » Scaled Net Operating Assets
Comparable Companies
SAU:8040 SAU:8170 SAU:8120 SAU:8280 SAU:8270 SAU:8100 SAU:8180 SAU:8150 SAU:8310 SAU:8190 BRK.A XTER:ALV XSWX:ZURN XPAR:CS MIL:G AIG ACGL TSX:SLF XSWX:SLHN OHEL:SAMPO
Traded in Other Exchanges
N/A
Address
Madina Road, Before Emirate of Makkah Region, E.A. Juffali & Brothers H.O. Building, P.O. Box 5832, Jeddah, SAU, 21432
Website
https://www.wataniya.com.sa
Wataniya Insurance Co is a Saudi Arabia-based company that engages in the provision of insurance and reinsurance services. Its insurance products include Motor, Property, Engineering, Accident and liability, Marine, Term life, and Extended warranty. The company has segments namely: Marine, Motor Comprehensive, Property, Engineering, Accident & liability, Term life, and Motor Third Party Liability. It derives key revenue from the Motor Comprehensive segment.