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Suncorp Group (Suncorp Group) Scaled Net Operating Assets : 0.29 (As of Dec. 2023)


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What is Suncorp 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.

Suncorp Group's operating assets for the quarter that ended in Dec. 2023 was $68,647 Mil. Suncorp Group's operating liabilities for the quarter that ended in Dec. 2023 was $46,112 Mil. Suncorp Group's Total Assets for the quarter that ended in Jun. 2023 was $77,170 Mil. Therefore, Suncorp Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.29.

Suncorp 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.

Suncorp Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2023 )
=(Operating Assets (A: Jun. 2023 )-Operating Liabilities (A: Jun. 2023 ))/Total Assets (A: Jun. 2022 )
=(74546.98-50310.067)/74756.149
=0.32

where

Operating Assets(A: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=77169.799 - 2622.819
=74546.98

Operating Liabilities(A: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68212.081 - 8737.584 - 9164.43
=50310.067

Suncorp 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 )
=(68646.587-46111.78)/77169.799
=0.29

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=72829.987 - 4183.4
=68646.587

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=63623.159 - 15809.237 - 1702.142
=46111.78

* 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.

Suncorp Group Scaled Net Operating Assets Related Terms

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Suncorp Group (Suncorp Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Suncorp Group Ltd (OTCPK:SNMCY) » Definitions » Scaled Net Operating Assets
Comparable Companies
ASX:IAG ASX:QBE PGR CB TSE:8766 TRV ALL TSE:8725 HKSE:01339 HIG HKSE:02328 TSX:IFC TSX:FFH MKL WRB TSE:8630 CINF L CNA WAR:PZU
Traded in Other Exchanges
SNMYF:USA SU4:Germany SUNPI.PFD:Australia SUNPH.PFD:Australia SUNPG.PFD:Australia SUN:Australia
Address
80 Ann Street, Level 23, Heritage Lanes, Brisbane, QLD, AUS, 4000
Website
https://www.suncorpgroup.com.au
Suncorp is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, superannuation, and investment products in Australia and New Zealand. It also operates a life insurance business in New Zealand. The core businesses include personal insurance, commercial insurance, Vero New Zealand, and Suncorp Bank. Suncorp and competitors IAG Insurance and QBE Insurance dominate the Australian and New Zealand insurance markets.