FinecoBank SpA (FinecoBank SpA) Scaled Net Operating Assets : 0.02 (As of Dec. 2023)

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What is FinecoBank SpA 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.

FinecoBank SpA's operating assets for the quarter that ended in Dec. 2023 was $33,549 Mil. FinecoBank SpA's operating liabilities for the quarter that ended in Dec. 2023 was $32,988 Mil. FinecoBank SpA's Total Assets for the quarter that ended in Sep. 2023 was $35,311 Mil. Therefore, FinecoBank SpA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.02.

FinecoBank SpA 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.

FinecoBank SpA'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 )
=	(33549.245	-	32988.417)	/	38420.429
=	0.01

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	36331.189	-	2781.944
=	33549.245

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	33937.867	-	949.45	-	0
=	32988.417

FinecoBank SpA'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 )
=	(33549.245	-	32988.417)	/	35311.397
=	0.02

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	36331.189	-	2781.944
=	33549.245

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	33937.867	-	949.45	-	0
=	32988.417

* 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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FinecoBank SpA (FinecoBank SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FinecoBank SpA (OTCPK:FNBKY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FCBBF:USA FBK:Italy FBKm:UK 0QVF:UK ZS3:Germany FBK:Austria

Address

Piazza Durante, 11, Milan, ITA, 20131

Website

https://www.finecobank.com

FinecoBank SpA is a FinTech bank in Europe. It offers a business model which combines platforms with a large network of financial advisors. It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies. Fineco is a leading bank in brokerage in Europe, and an important player in private banking in Italy, offering advanced and tailor-made advisory services.