Zenith Bank (NSA:ZENITH) Scaled Net Operating Assets : -0.04 (As of Mar. 2024)

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What is Zenith Bank 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.

Zenith Bank's operating assets for the quarter that ended in Mar. 2024 was ₦18,102,596 Mil. Zenith Bank's operating liabilities for the quarter that ended in Mar. 2024 was ₦18,878,466 Mil. Zenith Bank's Total Assets for the quarter that ended in Dec. 2023 was ₦20,368,455 Mil. Therefore, Zenith Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.04.

Zenith Bank 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.

Zenith Bank'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 )
=	(14215291	-	16364463)	/	12285629
=	-0.17

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20368455	-	6153164
=	14215291

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	18045075	-	1680612	-	0
=	16364463

Zenith Bank'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 )
=	(18102596	-	18878466)	/	20368455
=	-0.04

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	24280777	-	6178181
=	18102596

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21433252	-	2554786	-	0
=	18878466

* 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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Zenith Bank (NSA:ZENITH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zenith Bank PLC (NSA:ZENITH) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

Plot 84/87, Ajose Adeogun Street, Zenith Heights, Victoria Island, Lagos, NGA

Website

https://www.zenithbank.com

Zenith Bank PLC is a Nigeria- based company. Its core business is the provision of banking and other financial services to corporate and individual customers. The bank provides services such as granting of loans and advances, corporate finance and money market activities. It also provides banking and pension custodial services to a diverse group of corporations, financial institutions, investment funds, governments and individuals; provision of investment advisory, financial planning services and investment product offerings; providing brokerage services, financing services and securities lending services to institutional clients, including mutual funds, pension funds and to high-net-worth individuals. Revenue generated by bank consists of interest income, fees and commission received.