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Sharjah Islamic Bank (ADX:SIB) Scaled Net Operating Assets : -0.06 (As of Mar. 2024)


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What is Sharjah Islamic Bank 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.

Sharjah Islamic Bank's operating assets for the quarter that ended in Mar. 2024 was د.إ56,213 Mil. Sharjah Islamic Bank's operating liabilities for the quarter that ended in Mar. 2024 was د.إ60,206 Mil. Sharjah Islamic Bank's Total Assets for the quarter that ended in Dec. 2023 was د.إ65,879 Mil. Therefore, Sharjah Islamic Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.06.

Sharjah Islamic Bank 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.

Sharjah Islamic Bank'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 )
=(53809.03-55898.782)/59122.889
=-0.04

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=65878.981 - 12069.951
=53809.03

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57752.313 - 1853.531 - 0
=55898.782

Sharjah Islamic Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(56212.549-60205.592)/65878.981
=-0.06

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=70116.194 - 13903.645
=56212.549

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62060.402 - 1854.81 - 0
=60205.592

* 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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Sharjah Islamic Bank (ADX:SIB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sharjah Islamic Bank (ADX:SIB) » Definitions » Scaled Net Operating Assets
Comparable Companies
ADX:NBF DFM:AJMANBANK ADX:RAKBANK ADX:NBQ ADX:UAB ADX:BOS DFM:CBD ADX:CBI DFM:EIBANK DFM:EIB CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
Sharjah Islamic Bank Tower, P.O. Box 4, Al Khan, Sharjah, ARE
Website
https://www.sib.ae
Sharjah Islamic Bank is engaged in providing banking activities, financing, and investing activities. The bank's activities comprise four main business segments namely corporate and government; retail; investment and treasury; and hospitality, brokerage and real estate. It generates a majority of its revenue from the corporate and government segment in which the bank provides Islamic financial products and services to the companies, institutions, and government departments.