Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
CIT Group's operating assets for the quarter that ended in Dec. 2020 was $54,137 Mil. CIT Group's operating liabilities for the quarter that ended in Dec. 2020 was $46,297 Mil. CIT Group's Total Assets for the quarter that ended in Sep. 2020 was $60,865 Mil. Therefore, CIT Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was 0.13.
CIT 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.
CIT Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as
| Scaled Net Operating Assets (SNOA) | | (A: Dec. 2020 ) |
| = | (Operating Assets (A: Dec. 2020 ) | - | Operating Liabilities (A: Dec. 2020 )) | / | Total Assets (A: Dec. 2019 ) |
| = | (54136.6 | - | 46296.5) | / | 50832.8 |
| = | 0.15 |
where
CIT Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as
| Scaled Net Operating Assets (SNOA) | | (Q: Dec. 2020 ) |
| = | (Operating Assets (Q: Dec. 2020 ) | - | Operating Liabilities (Q: Dec. 2020 )) | / | Total Assets (Q: Sep. 2020 ) |
| = | (54136.6 | - | 46296.5) | / | 60865 |
| = | 0.13 |
where
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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