Medibank Private (ASX:MPL) Scaled Net Operating Assets : 0.43 (As of Dec. 2023)

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What is Medibank Private 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.

Medibank Private's operating assets for the quarter that ended in Dec. 2023 was A$3,401 Mil. Medibank Private's operating liabilities for the quarter that ended in Dec. 2023 was A$1,534 Mil. Medibank Private's Total Assets for the quarter that ended in Jun. 2023 was A$4,389 Mil. Therefore, Medibank Private's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.43.

Medibank Private 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.

Medibank Private'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 )
=	(3968.2	-	2304.4)	/	4552.8
=	0.37

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4388.8	-	420.6
=	3968.2

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2304.4	-	0	-	0
=	2304.4

Medibank Private'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 )
=	(3401.2	-	1534.1)	/	4388.8
=	0.43

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3886.3	-	485.1
=	3401.2

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1534.1	-	0	-	0
=	1534.1

* 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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Medibank Private (ASX:MPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Medibank Private Ltd (ASX:MPL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MDBPF:USA

Address

720 Bourke Street, Level 6, Docklands, VIC, AUS, 3008

Website

https://www.medibank.com.au

Previously owned by the Australian government, Medibank is the largest health insurer in Australia. Its two brands, Medibank Private and ahm, cover around 5 million people. Medibank and Australia's fourth-largest health fund NIB Holdings are the only listed health insurers. In addition to private health insurance, the firm provides life, pet, and travel insurance, as well as health insurance for overseas students and temporary overseas workers. The Medibank Health division provides healthcare services to businesses, governments, and communities across Australia and New Zealand.