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Principal Financial Group (STU:PG4) Scaled Net Operating Assets : -0.04 (As of Mar. 2024)


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What is Principal Financial Group 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.

Principal Financial Group's operating assets for the quarter that ended in Mar. 2024 was €258,666 Mil. Principal Financial Group's operating liabilities for the quarter that ended in Mar. 2024 was €269,652 Mil. Principal Financial Group's Total Assets for the quarter that ended in Dec. 2023 was €279,728 Mil. Therefore, Principal Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.04.

Principal Financial Group 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.

Principal Financial Group'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 )
=(275410.863-265787.04)/274578.448
=0.04

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=279727.824 - 4316.961
=275410.863

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=269447.704 - 3604.635 - 56.029
=265787.04

Principal Financial Group'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 )
=(258665.728-269652.092)/279727.824
=-0.04

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=283988.82 - 25323.092
=258665.728

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=273315.716 - 3616.98 - 46.644
=269652.092

* 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.

Principal Financial Group Scaled Net Operating Assets Related Terms

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Principal Financial Group (STU:PG4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Principal Financial Group Inc (STU:PG4) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
PFG:USA
Address
711 High Street, Des Moines, IA, USA, 50392
Website
https://www.principal.com
Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through our diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.