Watania International Holding PJSC (DFM:WATANIA) Scaled Net Operating Assets : -0.08 (As of Mar. 2024)

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What is Watania International Holding PJSC 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.

Watania International Holding PJSC's operating assets for the quarter that ended in Mar. 2024 was د.إ875.9 Mil. Watania International Holding PJSC's operating liabilities for the quarter that ended in Mar. 2024 was د.إ977.9 Mil. Watania International Holding PJSC's Total Assets for the quarter that ended in Dec. 2023 was د.إ1,211.1 Mil. Therefore, Watania International Holding PJSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.08.

Watania International Holding PJSC 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.

Watania International Holding PJSC'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 )
=	(801.192	-	899.24)	/	1284.427
=	-0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1211.141	-	409.949
=	801.192

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	981.547	-	7.557	-	74.75
=	899.24

Watania International Holding PJSC'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 )
=	(875.911	-	977.94)	/	1211.141
=	-0.08

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1282.889	-	406.978
=	875.911

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1047.39	-	7.637	-	61.813
=	977.94

* 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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Watania International Holding PJSC (DFM:WATANIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Watania International Holding PJSC (DFM:WATANIA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15th Floor, O-14 Tower, Marasi Drive, Business Bay, P.O. Box 235353, Dubai, ARE

Website

https://www.dat.ae

Watania International Holding PJSC Formerly Dar Al Takaful PJSC is an Islamic Insurance company providing insurance services. The group mainly issues long-term and short-term takaful contracts in connection with life and non-life takaful such as motor, marine, fire, engineering, medical, and general accident risks. The company offers a broad range of takaful general and customized Islamic insurance products and services to individuals, families, and companies in the UAE. Its main business segments include general, family life, and medical insurance. The group also invests its funds in investment securities.