Shinhan Financial Group Co (Shinhan Financial Group Co) Scaled Net Operating Assets : 0.08 (As of Dec. 2023)

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What is Shinhan Financial Group Co 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.

Shinhan Financial Group Co's operating assets for the quarter that ended in Dec. 2023 was $433,804 Mil. Shinhan Financial Group Co's operating liabilities for the quarter that ended in Dec. 2023 was $390,229 Mil. Shinhan Financial Group Co's Total Assets for the quarter that ended in Sep. 2023 was $517,159 Mil. Therefore, Shinhan Financial Group Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.08.

Shinhan Financial Group Co 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.

Shinhan Financial Group Co'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 )
=	(503041.038	-	390229.018)	/	513645.861
=	0.22

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	530357.444	-	27316.406
=	503041.038

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	487178.893	-	96923.754	-	26.121
=	390229.018

Shinhan Financial Group Co'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: Sep. 2023 )
=	(433804.332	-	390229.018)	/	517159.446
=	0.08

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	530357.444	-	96553.112
=	433804.332

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	487178.893	-	96923.754	-	26.121
=	390229.018

* 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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Shinhan Financial Group Co (Shinhan Financial Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (NYSE:SHG) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

055550:Korea

Address

20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513

Website

http://www.shinhangroup.com

Shinhan Financial is Korea's largest banking group. Its 11.2% market share of loans trails KB's 12.8%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country's largest credit card company, brokerage firm Shinhan Securities, and a top-five presence in life insurance. It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.