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Softlogic Life Insurance (COL:AAIC.N0000) Scaled Net Operating Assets : 0.21 (As of Mar. 2024)


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What is Softlogic Life Insurance 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.

Softlogic Life Insurance's operating assets for the quarter that ended in Mar. 2024 was රු44,695 Mil. Softlogic Life Insurance's operating liabilities for the quarter that ended in Mar. 2024 was රු33,834 Mil. Softlogic Life Insurance's Total Assets for the quarter that ended in Dec. 2023 was රු51,339 Mil. Therefore, Softlogic Life Insurance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.21.

Softlogic Life Insurance 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.

Softlogic Life Insurance'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 )
=(50239.743-32007.869)/48248.343
=0.38

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=51339.422 - 1099.679
=50239.743

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38006.076 - 5466.179 - 532.028
=32007.869

Softlogic Life Insurance'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 )
=(44695.169-33834.428)/51339.422
=0.21

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=51773.401 - 7078.232
=44695.169

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=39006.721 - 4802.677 - 369.616
=33834.428

* 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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Softlogic Life Insurance (COL:AAIC.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Softlogic Life Insurance PLC (COL:AAIC.N0000) » Definitions » Scaled Net Operating Assets
Comparable Companies
COL:JINS.N0000 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
One Galle Face Tower, Level 16, Colombo, LKA, 02
Website
https://www.softlogiclife.lk
Softlogic Life Insurance PLC is engaged in the insurance business. The company has operations in the sectors of retail, healthcare, information and communications technology (ICT), automobiles, leisure, and financial services. Its operating segment includes Policyholder Fund and Shareholder Fund. The company generates maximum revenue from the Policyholder Fund segment.