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SIC Insurance Co (XGHA:SIC) Scaled Net Operating Assets : 0.46 (As of Dec. 2021)


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What is SIC 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.

SIC Insurance Co's operating assets for the quarter that ended in Dec. 2021 was GHS608.6 Mil. SIC Insurance Co's operating liabilities for the quarter that ended in Dec. 2021 was GHS330.1 Mil. SIC Insurance Co's Total Assets for the quarter that ended in Sep. 2021 was GHS601.1 Mil. Therefore, SIC Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2021 was 0.46.

SIC 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.

SIC Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(679.884-401.609)/714.161
=0.39

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=808.206 - 128.322
=679.884

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=416.539 - 2.369 - 12.561
=401.609

SIC Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2021 )
=(Operating Assets (Q: Dec. 2021 )-Operating Liabilities (Q: Dec. 2021 ))/Total Assets (Q: Sep. 2021 )
=(608.564-330.121)/601.061
=0.46

where

Operating Assets(Q: Dec. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=714.161 - 105.597
=608.564

Operating Liabilities(Q: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=351.194 - 2.722 - 18.351
=330.121

* 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.

SIC Insurance Co Scaled Net Operating Assets Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SIC Insurance Co Ltd (XGHA:SIC) » Definitions » Scaled Net Operating Assets
Comparable Companies
XGHA:TOTAL XGHA:GOIL XGHA:TBL XGHA:EGL XGHA:CLYD PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC TSX:FFH MKL TSE:8725 WRB CINF ASX:QBE L
Traded in Other Exchanges
N/A
Address
28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA
Website
https://www.sic-gh.com
SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.