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TongYang Life Insurance Co (XKRX:082640) Scaled Net Operating Assets : -0.54 (As of Sep. 2024)


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What is TongYang Life 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.

TongYang Life Insurance Co's operating assets for the quarter that ended in Sep. 2024 was ₩13,973,863 Mil. TongYang Life Insurance Co's operating liabilities for the quarter that ended in Sep. 2024 was ₩31,815,039 Mil. TongYang Life Insurance Co's Total Assets for the quarter that ended in Jun. 2024 was ₩33,305,770 Mil. Therefore, TongYang Life Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.54.

TongYang Life 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.

TongYang Life 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 )
=(31239734.529-29765457.52)/34866586.937
=0.04

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=32869437.39 - 1629702.861
=31239734.529

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29965457.52 - 200000 - 0
=29765457.52

TongYang Life 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 )
=(13973863.324-31815039.461)/33305770.063
=-0.54

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=33882221.647 - 19908358.323
=13973863.324

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=31815039.461 - 0 - 0
=31815039.461

* 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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TongYang Life Insurance Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » TongYang Life Insurance Co Ltd (XKRX:082640) » Definitions » Scaled Net Operating Assets
Comparable Companies
XKRX:085620 XKRX:088350 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
Traded in Other Exchanges
N/A
Address
Tongyang Securities Building, Euljiro 76, Jung-gu, Seoul, KOR, 100-845
Website
http://www.myangel.co.kr
TongYang Life Insurance Co., Ltd. provides life insurance products and services. The company operates in three business areas namely Insurance, Pension and Asset Management.