First American Financial (FRA:Y1F) Scaled Net Operating Assets : 0.33 (As of Mar. 2024)

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What is First American Financial 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 American Financial's operating assets for the quarter that ended in Mar. 2024 was €12,065 Mil. First American Financial's operating liabilities for the quarter that ended in Mar. 2024 was €6,966 Mil. First American Financial's Total Assets for the quarter that ended in Dec. 2023 was €15,408 Mil. Therefore, First American Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.33.

First American Financial 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 American Financial'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 )
=	(12050.939	-	8937.266)	/	14117.803
=	0.22

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15408.168	-	3357.229
=	12050.939

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10948.98	-	1229.238	-	782.476
=	8937.266

First American Financial'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 )
=	(12065.156	-	6965.964)	/	15408.168
=	0.33

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	13521.976	-	1456.82
=	12065.156

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9100.548	-	1500.888	-	633.696
=	6965.964

* 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 American Financial (FRA:Y1F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First American Financial Corp (FRA:Y1F) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FAF:USA

Address

1 First American Way, Santa Ana, CA, USA, 92707-5913

Website

https://www.firstam.com

First American Financial Corp is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.