Suruga Bank (Suruga Bank) Scaled Net Operating Assets : -0.18 (As of Dec. 2023)

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What is Suruga 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.

Suruga Bank's operating assets for the quarter that ended in Dec. 2023 was $18,158.2 Mil. Suruga Bank's operating liabilities for the quarter that ended in Dec. 2023 was $22,589.4 Mil. Suruga Bank's Total Assets for the quarter that ended in Sep. 2023 was $24,133.1 Mil. Therefore, Suruga Bank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.18.

Suruga 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.

Suruga Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(19419.149	-	25203.97)	/	30275.432
=	-0.19

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	27231.729	-	7812.58
=	19419.149

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	25203.97	-	0	-	0
=	25203.97

Suruga Bank'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 )
=	(18158.18	-	22589.381)	/	24133.085
=	-0.18

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	24611.926	-	6453.746
=	18158.18

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	22589.381	-	0	-	0
=	22589.381

* 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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Suruga Bank (Suruga Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Suruga Bank Ltd (OTCPK:SUGBY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

8358:Japan URU:Germany

Address

23 Toriyoko-cho, Numazu, JPN

Website

http://www.surugabank.co.jp

Suruga Bank Ltd. is a regional bank in the Kanto area. The company divides its operations into five core businesses: personal loans, housing loans, asset management, life support, and small- to medium-size corporate lending. Specifically, this includes deposits, loans, foreign exchange transactions, leasing, letters of credit, and credit card services. Within their loan business, Suruga caters to consumers, allowing them to access more credit to work on projects such as renovations and refurbishment in addition to traditional housing loans. The company earns the majority of its revenue from housing loans. The bank operates primarily in Shizuoka and Kanagawa.