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Admiral Group (LSE:ADM) Scaled Net Operating Assets : -0.14 (As of Dec. 2023)


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What is Admiral Group 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.

Admiral Group's operating assets for the quarter that ended in Dec. 2023 was £3,956 Mil. Admiral Group's operating liabilities for the quarter that ended in Dec. 2023 was £4,892 Mil. Admiral Group's Total Assets for the quarter that ended in Jun. 2023 was £6,829 Mil. Therefore, Admiral Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.14.

Admiral Group 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.

Admiral Group'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 )
=(6782-4892.4)/6208.8
=0.30

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7096.2 - 314.2
=6782

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6103.4 - 1211 - 0
=4892.4

Admiral Group'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: Jun. 2023 )
=(3956.1-4892.4)/6829.2
=-0.14

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7096.2 - 3140.1
=3956.1

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6103.4 - 1211 - 0
=4892.4

* 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.

Admiral Group Scaled Net Operating Assets Related Terms

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Admiral Group (LSE:ADM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Admiral Group PLC (LSE:ADM) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
AMIGY:USA ADMl:UK FLN:Germany
Address
David Street, Ty Admiral, Cardiff, GBR, CF10 2EH
Website
https://www.admiralgroup.co.uk
Admiral is a personal lines insurance company that operates predominantly in the United Kingdom. The business is mainly a motor insurer, with U.K. motor and international cars accounting for the majority of Admiral's gross written premium. The business also has a nascent but growing U.K. household insurance division. Admiral was established in 1993 to sell motor insurance to nonstandard risk policyholders. These nonstandard risks included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years, Admiral has continued to expand its wheelhouse of nonstandard risk selection.