Al Rajhi Bank (SAU:1120) Scaled Net Operating Assets : 0.08 (As of Mar. 2024)

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What is Al Rajhi 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.

Al Rajhi Bank's operating assets for the quarter that ended in Mar. 2024 was ﷼783,907 Mil. Al Rajhi Bank's operating liabilities for the quarter that ended in Mar. 2024 was ﷼719,630 Mil. Al Rajhi Bank's Total Assets for the quarter that ended in Dec. 2023 was ﷼808,098 Mil. Therefore, Al Rajhi Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.08.

Al Rajhi 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.

Al Rajhi 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 )
=	(755900.035	-	696914.826)	/	761618.888
=	0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	808098.272	-	52198.237
=	755900.035

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	701338.841	-	4424.015	-	0
=	696914.826

Al Rajhi 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 )
=	(783907.048	-	719629.568)	/	808098.272
=	0.08

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	835991.983	-	52084.935
=	783907.048

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	727720.282	-	8090.714	-	0
=	719629.568

* 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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Al Rajhi Bank (SAU:1120) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

8467 King Fahd Road, Unit No. 1, Al Muruj District, Riyadh, SAU, 12263 - 2743

Website

https://www.alrajhibank.com.sa

Al Rajhi Bank is an Islamic bank with a network of over 500 branches. Its segments include the Retail segment which includes accepting individual customer deposits, providing credit facilities, customer debit current accounts, fees from banking services, and remittance business; Corporate segment that incorporates deposits of VIP, corporate customer deposits, credit facilities, and debit current accounts, Treasury segment through which it offers treasury services, Murabaha with SAMA and international Mutajara portfolio; and Investment services and brokerage that incorporates investments of individuals and corporate in mutual funds, local and international share trading services and investment portfolios.