Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Scaled Net Operating Assets : 0.12 (As of Mar. 2024)

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What is Gjensidige Forsikring ASA 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.

Gjensidige Forsikring ASA's operating assets for the quarter that ended in Mar. 2024 was $14,650 Mil. Gjensidige Forsikring ASA's operating liabilities for the quarter that ended in Mar. 2024 was $12,935 Mil. Gjensidige Forsikring ASA's Total Assets for the quarter that ended in Dec. 2023 was $14,056 Mil. Therefore, Gjensidige Forsikring ASA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.12.

Gjensidige Forsikring ASA 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.

Gjensidige Forsikring ASA'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 )
=	(13772.83	-	11345.214)	/	12963.685
=	0.19

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	14055.965	-	283.135
=	13772.83

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11758.678	-	413.464	-	0
=	11345.214

Gjensidige Forsikring ASA'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 )
=	(14650.088	-	12934.961)	/	14055.965
=	0.12

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15447.913	-	797.825
=	14650.088

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	13395.69	-	460.729	-	0
=	12934.961

* 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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Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gjensidige Forsikring ASA (OTCPK:GJNSF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

GJNSY:USA GJFo:Sweden GJF:Norway 0OJC:UK XGJ:Germany

Address

Schweigaardsgate 21, Oslo, NOR, 0191

Website

https://www.gjensidige.no

Gjensidige Forsikring ASA is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.