First Mutual Holdings (XZIM:FMHL.ZW) Scaled Net Operating Assets : 3.60 (As of Jun. 2023)

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What is First Mutual Holdings 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.

First Mutual Holdings's operating assets for the quarter that ended in Jun. 2023 was ZWL1,255,669 Mil. First Mutual Holdings's operating liabilities for the quarter that ended in Jun. 2023 was ZWL759,234 Mil. First Mutual Holdings's Total Assets for the quarter that ended in Sep. 2022 was ZWL137,810 Mil. Therefore, First Mutual Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 3.60.

First Mutual Holdings 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.

First Mutual Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2020 )
=	(Operating Assets (A: Dec. 2020 )	-	Operating Liabilities (A: Dec. 2020 ))	/	Total Assets (A: Dec. 2019 )
=	(13818	-	8966.795)	/	10788.04
=	0.45

where

	Operating Assets		(A: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15477.41	-	1659.41
=	13818

	Operating Liabilities		(A: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8981.388	-	12.939	-	1.654
=	8966.795

First Mutual Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Sep. 2022 )
=	(1255668.676	-	759234.134)	/	137810.186
=	3.60

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1367311.128	-	111642.452
=	1255668.676

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	781369.053	-	21940.354	-	194.565
=	759234.134

* 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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First Mutual Holdings (XZIM:FMHL.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Mutual Holdings Ltd (XZIM:FMHL.ZW) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

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Address

First Mutual Park, 100 Borrowdale Road, Borrowdale, P.O. Box BW 178, Second Floor, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Holdings Ltd is a Zimbabwe-based investment and financial service company. Its segments are life and pensions insurance, health insurance, short-term insurance, reinsurance, property and casualty insurance, property management and development, and wealth management.