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Saudi Enaya Cooperative Insurance Co (SAU:8311) Scaled Net Operating Assets : 0.48 (As of Dec. 2023)


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What is Saudi Enaya Cooperative 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.

Saudi Enaya Cooperative Insurance Co's operating assets for the quarter that ended in Dec. 2023 was ﷼316.5 Mil. Saudi Enaya Cooperative Insurance Co's operating liabilities for the quarter that ended in Dec. 2023 was ﷼149.0 Mil. Saudi Enaya Cooperative Insurance Co's Total Assets for the quarter that ended in Sep. 2023 was ﷼350.7 Mil. Therefore, Saudi Enaya Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.48.

Saudi Enaya Cooperative 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.

Saudi Enaya Cooperative 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 )
=(316.466-149.043)/360.743
=0.46

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=339.8 - 23.334
=316.466

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=149.043 - 0 - 0
=149.043

Saudi Enaya Cooperative Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(316.466-149.043)/350.716
=0.48

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=339.8 - 23.334
=316.466

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=149.043 - 0 - 0
=149.043

* 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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Saudi Enaya Cooperative Insurance Co (SAU:8311) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Saudi Enaya Cooperative Insurance Co (SAU:8311) » Definitions » Scaled Net Operating Assets
Comparable Companies
SAU:8012 SHSE:601628 SHSE:601318 HKSE:01299 BOM:543526 AFL MET PRU SHSE:601601 TSX:MFC LSE:PRU TSX:GWO TPE:2881 TSE:8750 TPE:2882 BOM:540777 BOM:540719 TSX:POW SHSE:601336 GL
Traded in Other Exchanges
N/A
Address
Building No. 7521, P.O. Box 3732, Al Fakhr, Al Khaldiya District, Jeddah, SAU, 23423
Website
https://www.saudienaya.com
Saudi Enaya Cooperative Insurance Co operates in the insurance industry. It provides insurance contracts for providing health care services. All the insurance operations of the company are carried out in the Kingdom of Saudi Arabia.