Gulf Union Alahlia Cooperative Insurance Co (SAU:8120) Scaled Net Operating Assets : 0.42 (As of Mar. 2024)

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What is Gulf Union Alahlia Cooperative Insurance Co 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.

Gulf Union Alahlia Cooperative Insurance Co's operating assets for the quarter that ended in Mar. 2024 was ﷼922.8 Mil. Gulf Union Alahlia Cooperative Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ﷼477.4 Mil. Gulf Union Alahlia Cooperative Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼1,067.2 Mil. Therefore, Gulf Union Alahlia Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.42.

Gulf Union Alahlia Cooperative Insurance Co 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.

Gulf Union Alahlia Cooperative Insurance Co'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 )
=	(1012.112	-	508.127)	/	946.809
=	0.53

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1067.226	-	55.114
=	1012.112

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	519.235	-	6.947	-	4.161
=	508.127

Gulf Union Alahlia Cooperative Insurance Co'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 )
=	(922.778	-	477.366)	/	1067.226
=	0.42

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1055.099	-	132.321
=	922.778

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	487.564	-	10.198	-	0
=	477.366

* 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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Gulf Union Alahlia Cooperative Insurance Co (SAU:8120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gulf Union Alahlia Cooperative Insurance Co (SAU:8120) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salman Al Farisi Street, P.O. BOX 5719, Dammam, SAU, 31432

Website

https://www.gulfunion.com.sa

Gulf Union Alahlia Cooperative Insurance Co provides various insurance products and services in Saudi Arabia. Its products include medical insurance, motor insurance, marine insurance, fire insurance, and engineering insurance. The reportable segment of the company is Motor, Medical, Property and casualty and Protections and savings. Geographical presence in Kingdom of Saudi Arabia, United Arab Emirates, France, Switzerland, and United Kingdom. The company's majority revenue generated through Medical and Motor segment from domestic market.