Ensurance (ASX:ENA) Scaled Net Operating Assets : 0.21 (As of Jun. 2023)

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What is Ensurance 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.

Ensurance's operating assets for the quarter that ended in Jun. 2023 was A$14.62 Mil. Ensurance's operating liabilities for the quarter that ended in Jun. 2023 was A$8.23 Mil. Ensurance's Total Assets for the quarter that ended in Dec. 2022 was A$31.11 Mil. Therefore, Ensurance's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.21.

Ensurance 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.

Ensurance'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 )
=	(14.618	-	8.23)	/	30.33
=	0.21

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20.046	-	5.428
=	14.618

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9.163	-	0	-	0.933
=	8.23

Ensurance'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: Dec. 2022 )
=	(14.618	-	8.23)	/	31.106
=	0.21

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20.046	-	5.428
=	14.618

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9.163	-	0	-	0.933
=	8.23

* 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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Ensurance (ASX:ENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ensurance Ltd (ASX:ENA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Grafton Street, Level 21, Westfield Tower 2, Bondi Junction, Sydney, NSW, AUS, 2022

Website

https://www.ensurance.com.au

Ensurance Ltd is a holding company that operates in the insurance industry. The business of the company includes insurance brokerage, underwriting agency, and IT solutions. The products of the company include home and content insurance, owner builder insurance, trades insurance, and specified construction insurance. It operates in two reportable segments being the business in the UK and the head office in Australia. Mainstream revenue consists of commission and administration fees associated with the placement of insurance contracts. Key revenue comes from the underwriting commission whereas geographically from UK operations.