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Commerzbank AG (Commerzbank AG) Scaled Net Operating Assets : -0.15 (As of Mar. 2024)


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What is Commerzbank AG 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.

Commerzbank AG's operating assets for the quarter that ended in Mar. 2024 was $481,405 Mil. Commerzbank AG's operating liabilities for the quarter that ended in Mar. 2024 was $563,867 Mil. Commerzbank AG's Total Assets for the quarter that ended in Dec. 2023 was $563,976 Mil. Therefore, Commerzbank AG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.15.

Commerzbank AG 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.

Commerzbank AG'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 )
=(451989.095-475358.779)/505750
=-0.05

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=563976.009 - 111986.914
=451989.095

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=527980.371 - 52621.592 - 0
=475358.779

Commerzbank AG'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 )
=(481405.435-563867.391)/563976.009
=-0.15

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=599975 - 118569.565
=481405.435

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=563867.391 - 0 - 0
=563867.391

* 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.

Commerzbank AG Scaled Net Operating Assets Related Terms

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Commerzbank AG (Commerzbank AG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commerzbank AG (OTCPK:CRZBF) » Definitions » Scaled Net Operating Assets
Comparable Companies
XTER:DBK XTER:QB7 XTER:MBK NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP USB MIL:UCG HKSE:01658 PNC SAU:1180 BSP:ITUB3 NU
Traded in Other Exchanges
CRZBY:USA CBKN:Romania CBK:Italy COMMERZBANK:Hungary CBKd:UK 0RLW:UK CBK:Germany
Address
Kaiserplatz, Frankfurt, HE, DEU, 60261
Website
https://www.commerzbank.com
Commerzbank operates primarily in Europe. Germany contributes about 70% to total income. The bank operates two business segments: private and small-business customers as well as corporate clients. In its private and small-business segment, the group runs its branch business, a mobile bank with a focus on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large corporates.