Turkiye Garanti Bankasi AS (Turkiye Garanti Bankasi AS) Scaled Net Operating Assets : -0.04 (As of Mar. 2024)

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What is Turkiye Garanti Bankasi AS 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.

Turkiye Garanti Bankasi AS's operating assets for the quarter that ended in Mar. 2024 was $59,780 Mil. Turkiye Garanti Bankasi AS's operating liabilities for the quarter that ended in Mar. 2024 was $62,446 Mil. Turkiye Garanti Bankasi AS's Total Assets for the quarter that ended in Dec. 2023 was $75,717 Mil. Therefore, Turkiye Garanti Bankasi AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.04.

Turkiye Garanti Bankasi AS 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.

Turkiye Garanti Bankasi AS'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 )
=	(57686.187	-	61991.671)	/	69869.468
=	-0.06

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	75717.14	-	18030.953
=	57686.187

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	67270.191	-	5278.52	-	0
=	61991.671

Turkiye Garanti Bankasi AS'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 )
=	(59779.515	-	62445.985)	/	75717.14
=	-0.04

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	76924.361	-	17144.846
=	59779.515

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	68925.705	-	6479.72	-	0
=	62445.985

* 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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Turkiye Garanti Bankasi AS (Turkiye Garanti Bankasi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Turkiye Garanti Bankasi AS (OTCPK:TKGBY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

TKGBF:USA GARAN:Turkey GBKB:Germany

Address

Levent Nispetiye Mah. Aytar Cad. No: 2, Besiktas, Istanbul, TUR, 34340

Website

https://www.garantibbva.com.tr

Turkiye Garanti Bankasi AS is an integrated financial services group operating primarily in Turkey, but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's strategy emphasizes customer service. Its vast majority of its earning assets consist of loans, with strong positioning in consumer loans, mortgages, and auto loans. The company loan portfolio is diversified across various industries, notably real estate and rental services, wholesale and retail trade, and the production industries.