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Riyad Bank (SAU:1010) Scaled Net Operating Assets : 0.07 (As of Mar. 2024)


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What is Riyad 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.

Riyad Bank's operating assets for the quarter that ended in Mar. 2024 was ﷼358,640 Mil. Riyad Bank's operating liabilities for the quarter that ended in Mar. 2024 was ﷼331,583 Mil. Riyad Bank's Total Assets for the quarter that ended in Dec. 2023 was ﷼386,849 Mil. Therefore, Riyad Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.07.

Riyad 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.

Riyad 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 )
=(345239.978-312767.052)/359652.857
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=386848.929 - 41608.951
=345239.978

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=326590.858 - 13823.806 - 0
=312767.052

Riyad 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 )
=(358639.893-331583.303)/386848.929
=0.07

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=404858.906 - 46219.013
=358639.893

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=344782.053 - 13198.75 - 0
=331583.303

* 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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Riyad Bank (SAU:1010) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riyad Bank (SAU:1010) » Definitions » Scaled Net Operating Assets
Comparable Companies
SAU:1060 SAU:1150 SAU:1050 SAU:1140 SAU:1080 SAU:1030 SAU:1020 SAU:1180 SAU:1120 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN
Traded in Other Exchanges
N/A
Address
Eastern Ring Road, Granada Oasis, A1 Tower, P.O. Box 22622, Al Shuhada District, Riyadh, SAU, 11416
Website
https://www.riyadbank.com
Riyad Bank is a financial institution in Saudi Arabia. The company provides a full range of banking and investment services. It also provides its customer's Islamic banking products, which are approved and supervised by an independent Shariah Board established by the Bank. The company operates in four business segments: Retail Banking, Investment banking and brokerage, Corporate banking, and Treasury and Investments. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment handles corporate customers' current accounts, deposits and provides loans, overdrafts, and other credit facilities.