Legg Mason (Legg Mason) Scaled Net Operating Assets : 0.64 (As of Jun. 2020)

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What is Legg Mason 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.

Legg Mason's operating assets for the quarter that ended in Jun. 2020 was $6,539 Mil. Legg Mason's operating liabilities for the quarter that ended in Jun. 2020 was $1,453 Mil. Legg Mason's Total Assets for the quarter that ended in Mar. 2020 was $8,006 Mil. Therefore, Legg Mason's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2020 was 0.64.

Legg Mason Scaled Net Operating Assets Historical Data

The historical data trend for Legg Mason's Scaled Net Operating Assets can be seen below:

* 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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Legg Mason Scaled Net Operating Assets Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Scaled Net Operating Assets

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0.58

0.67

0.59

0.55

0.60

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.67	0.63	0.62	0.58	0.64

Competitive Comparison of Legg Mason's Scaled Net Operating Assets

For the Asset Management subindustry, Legg Mason's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legg Mason's Scaled Net Operating Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legg Mason's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Legg Mason's Scaled Net Operating Assets falls into.

Legg Mason 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.

Legg Mason's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2020 )
=	(Operating Assets (A: Mar. 2020 )	-	Operating Liabilities (A: Mar. 2020 ))	/	Total Assets (A: Mar. 2019 )
=	(6531.282	-	1855.155)	/	7794.122
=	0.60

where

	Operating Assets		(A: Mar. 2020 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	8006.12	-	1474.838
=	6531.282

	Operating Liabilities		(A: Mar. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4184.439	-	2251.47	-	77.814
=	1855.155

Legg Mason's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2020 )
=	(Operating Assets (Q: Jun. 2020 )	-	Operating Liabilities (Q: Jun. 2020 ))	/	Total Assets (Q: Mar. 2020 )
=	(6538.711	-	1452.829)	/	8006.12
=	0.64

where

	Operating Assets		(Q: Jun. 2020 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7917.437	-	1378.726
=	6538.711

	Operating Liabilities		(Q: Jun. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4022.115	-	2242.095	-	327.191
=	1452.829

Legg Mason Scaled Net Operating Assets Related Terms

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Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.