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Sumitomo Mitsui Financial Group Scaled Net Operating Assets

: -0.12 (As of Mar. 2022)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sumitomo Mitsui Financial Group's operating assets for the quarter that ended in Mar. 2022 was $1,542,558 Mil. Sumitomo Mitsui Financial Group's operating liabilities for the quarter that ended in Mar. 2022 was $1,799,524 Mil. Sumitomo Mitsui Financial Group's Total Assets for the quarter that ended in Dec. 2021 was $2,201,896 Mil. Therefore, Sumitomo Mitsui Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2022 was -0.12.


Sumitomo Mitsui Financial 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.

Sumitomo Mitsui Financial Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2022 )
=(Operating Assets (A: Mar. 2022 )-Operating Liabilities (A: Mar. 2022 ))/Total Assets (A: Mar. 2021 )
=(1542557.8735914-1799523.6360386)/2231704.8439224
=-0.12

where

Operating Assets(A: Mar. 2022 )
=Total Assets - Cash and cash equivalents
=2173303.0493163 - 630745.17572489
=1542557.8735914

Operating Liabilities(A: Mar. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2070439.18993 - 245646.27829586 - 25269.275595518
=1799523.6360386

Sumitomo Mitsui Financial Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2022 )
=(Operating Assets (Q: Mar. 2022 )-Operating Liabilities (Q: Mar. 2022 ))/Total Assets (Q: Dec. 2021 )
=(1542557.8735914-1799523.6360386)/2201895.6119013
=-0.12

where

Operating Assets(Q: Mar. 2022 )
=Total Assets - Cash and cash equivalents
=2173303.0493163 - 630745.17572489
=1542557.8735914

Operating Liabilities(Q: Mar. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2070439.18993 - 245646.27829586 - 25269.275595518
=1799523.6360386

* 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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Sumitomo Mitsui Financial Group Business Description

Sumitomo Mitsui Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second- largest bank after Mitsubishi UFJ Financial Group. As of March 2021, its market share of domestic loans was 7.0%, compared with 8.5% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third- largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management, areas that it is working on strengthening.
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