Sompo Holdings (TSE:8630) Scaled Net Operating Assets : 0.13 (As of Dec. 2023)

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What is Sompo Holdings 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.

Sompo Holdings's operating assets for the quarter that ended in Dec. 2023 was 円13,024,124 Mil. Sompo Holdings's operating liabilities for the quarter that ended in Dec. 2023 was 円11,157,536 Mil. Sompo Holdings's Total Assets for the quarter that ended in Sep. 2023 was 円14,236,915 Mil. Therefore, Sompo Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.13.

Sompo Holdings 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.

Sompo Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(13213594	-	11982279)	/	13787835
=	0.09

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	14460232	-	1246638
=	13213594

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	12591330	-	609051	-	0
=	11982279

Sompo Holdings'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 )
=	(13024124	-	11157536)	/	14236915
=	0.13

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	14424349	-	1400225
=	13024124

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11844696	-	687160	-	0
=	11157536

* 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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Sompo Holdings (TSE:8630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sompo Holdings Inc (TSE:8630) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

SMPNY:USA NHOLF:USA ANK:Germany

Address

26-1, Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo, JPN, 160-8338

Website

http://www.sompo-hd.com

Sompo Holdings was formed in 2010 after the merger of the former Sompo Japan and Nipponkoa Insurance. The name Sompo, which literally just means "nonlife insurance" in Japanese, was adopted as a common brand in 2001 for a planned three-way merger of Yasuda Fire, Nissan Fire, and Taisei Fire, although that deal had to be reworked after Taisei Fire's sudden bankruptcy from Sept. 11 losses. In the last few years Sompo has worked to integrate the former Nipponkoa, which before the merger had been somewhat of an industry laggard, to improve overall efficiency. Although Nissan Fire is one of its predecessor firms, in reality Sompo's development has been mainly driven by the former Yasuda Fire and the group has balanced ties to most of Japan's automakers, rather than focusing on Nissan.