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Asia Dragon Trust (LSE:DGN) Scaled Net Operating Assets : 1.40 (As of Feb. 2024)


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What is Asia Dragon Trust 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.

Asia Dragon Trust's operating assets for the quarter that ended in Feb. 2024 was £741.66 Mil. Asia Dragon Trust's operating liabilities for the quarter that ended in Feb. 2024 was £11.06 Mil. Asia Dragon Trust's Total Assets for the quarter that ended in Aug. 2023 was £523.28 Mil. Therefore, Asia Dragon Trust's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was 1.40.

Asia Dragon Trust 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.

Asia Dragon Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2023 )
=(Operating Assets (A: Aug. 2023 )-Operating Liabilities (A: Aug. 2023 ))/Total Assets (A: Aug. 2022 )
=(512.333-4.114)/680.166
=0.75

where

Operating Assets(A: Aug. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=523.275 - 10.942
=512.333

Operating Liabilities(A: Aug. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=44.106 - 39.992 - 0
=4.114

Asia Dragon Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2024 )
=(Operating Assets (Q: Feb. 2024 )-Operating Liabilities (Q: Feb. 2024 ))/Total Assets (Q: Aug. 2023 )
=(741.658-11.062)/523.275
=1.40

where

Operating Assets(Q: Feb. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=749.415 - 7.757
=741.658

Operating Liabilities(Q: Feb. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70.583 - 59.521 - 0
=11.062

* 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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Asia Dragon Trust (LSE:DGN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Dragon Trust PLC (LSE:DGN) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
DGNl:UK
Address
1 George Street, Edinburgh, GBR, EH2 2LL
Website
https://www.asiadragontrust.co.uk
Asia Dragon Trust PLC is an investment trust located in the United Kingdom. The company's primary objective is to achieve long-term capital growth through investment in the Far East with the exception of Japan and Australasia. Its investments are in stock market principally in large companies whose shares are considered to be attractively priced. The company focuses on diversified investments in various sectors such as Aerospace & Defence, Banks, Automobiles, Construction Materials, Industrial Conglomerates, Real Estate Management & Development, Wireless Telecommunication Services and others. It measures the performance of its portfolio against MSCI All Country Asia (ex-Japan) Index.