Argo Investments (ASX:ARG) Scaled Net Operating Assets : 0.87 (As of Dec. 2023)

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What is Argo Investments 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.

Argo Investments's operating assets for the quarter that ended in Dec. 2023 was A$6,984.5 Mil. Argo Investments's operating liabilities for the quarter that ended in Dec. 2023 was A$966.4 Mil. Argo Investments's Total Assets for the quarter that ended in Jun. 2023 was A$6,887.0 Mil. Therefore, Argo Investments's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.87.

Argo Investments 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.

Argo Investments's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(6761.709	-	889.053)	/	6424.615
=	0.91

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6886.964	-	125.255
=	6761.709

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	889.053	-	0	-	0
=	889.053

Argo Investments'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: Jun. 2023 )
=	(6984.465	-	966.394)	/	6886.964
=	0.87

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7145.99	-	161.525
=	6984.465

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	966.394	-	0	-	0
=	966.394

* 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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Argo Investments (ASX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Investments Ltd (ASX:ARG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 King William Street, Level 25, Adelaide, SA, AUS, 5000

Website

https://www.argoinvestments.com.au

Argo Investments Ltd is an investment company based in Australia. Its core operations focus on portfolio management with the objective of seeking long-term returns. Its revenues are generated from the receipt of dividends, interest and other income which are a result of its investing operations. It also derives income from interest earned on cash deposits, income from writing exchange-traded options and a small amount of share trading activity. Argo's investment portfolio comprises various sectors, such as healthcare, utilities, consumer discretionary, industrials, energy, banks, materials, telecommunication services and information technology and property trusts.