Genworth Financial (FRA:GGK) Scaled Net Operating Assets : -0.45 (As of Dec. 2023)

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What is Genworth Financial 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.

Genworth Financial's operating assets for the quarter that ended in Dec. 2023 was €38,350 Mil. Genworth Financial's operating liabilities for the quarter that ended in Dec. 2023 was €74,183 Mil. Genworth Financial's Total Assets for the quarter that ended in Sep. 2023 was €80,082 Mil. Therefore, Genworth Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.45.

Genworth Financial 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.

Genworth Financial'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 )
=	(81248.034	-	74183.466)	/	84690.016
=	0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	83279.189	-	2031.155
=	81248.034

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	75635.994	-	1452.528	-	0
=	74183.466

Genworth Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(38349.857	-	74183.466)	/	80081.642
=	-0.45

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	83279.189	-	44929.332
=	38349.857

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	75635.994	-	1452.528	-	0
=	74183.466

* 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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Genworth Financial (FRA:GGK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Genworth Financial Inc (FRA:GGK) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

GNW:USA

Address

6620 West Broad Street, Richmond, VA, USA, 23230

Website

https://www.genworth.com

Genworth Financial is a diversified insurance holding company that provides various mortgage and life insurance products. The company has three main operating business segments: Enact, U.S. Life Insurance, and Runoff. The company's product portfolio includes various financial products such as traditional life insurance, mortgage insurance, fixed annuities, and variable annuities. most of the revenue is generated by the company's U.S. life insurance segment that offers long-term care insurance, fixed annuity, and traditional life insurance products. The company earns most of its revenue in the United States.