PHH (PHH) Scaled Net Operating Assets : 0.12 (As of Jun. 2018)

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What is PHH 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.

PHH's operating assets for the quarter that ended in Jun. 2018 was $989.0 Mil. PHH's operating liabilities for the quarter that ended in Jun. 2018 was $808.0 Mil. PHH's Total Assets for the quarter that ended in Mar. 2018 was $1,513.0 Mil. Therefore, PHH's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2018 was 0.12.

PHH 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.

PHH's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2017 )
=	(Operating Assets (A: Dec. 2017 )	-	Operating Liabilities (A: Dec. 2017 ))	/	Total Assets (A: Dec. 2016 )
=	(1269	-	1091)	/	3175
=	0.06

where

	Operating Assets		(A: Dec. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1811	-	542
=	1269

	Operating Liabilities		(A: Dec. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1238	-	147	-	0
=	1091

PHH's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2018 )
=	(Operating Assets (Q: Jun. 2018 )	-	Operating Liabilities (Q: Jun. 2018 ))	/	Total Assets (Q: Mar. 2018 )
=	(989	-	808)	/	1513
=	0.12

where

	Operating Assets		(Q: Jun. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1442	-	453
=	989

	Operating Liabilities		(Q: Jun. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	953	-	145	-	0
=	808

* 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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PHH (PHH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PHH Corp (NYSE:PHH) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://corporate.phh.com

PHH Corp originates and services residential mortgage loans in the United States. It operates in two segments namely Mortgage Production and Mortgage Servicing. The company generates revenue in three ways: through fees on mortgage loan initiation; by selling on the secondary market loans that it initiated; and by servicing loans. The company outsources its services to clients that include financial institutions and real estate brokers. It also generally retains the servicing rights on loans it has sold and acts as a subservicer on behalf of other clients that own serving rights. Servicing typically generates the most revenue for the company, but each of the three sources of income are substantial.

Executives

James C Neuhauser	director	100 NORTH 17TH STREET, ARLINGTON VA 22209
Alberino J Celini	officer: Senior VP, Risk and Compliance	226 LANDIS AVENUE, VINELAND NJ 08360
James O Egan	director	280 PARK AVE 37TH FLR WEST TOWER NEW YORK NY 10017
Charles P Pizzi	director	C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Carroll R Wetzel	director	C/O ARCH WIRELESS INC, 1800 WEST PARK DR #250, WESTBOROUGH MA 01581
Jane D Carlin	director	C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054
Michael R Bogansky	officer: SVP & CFO	C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054
Kevin Stein	director	3000 LEADENHALL RD., MAILSTOP PCLG, MOUNT LAUREL NJ 08054
Silver Point Capital L.p.	10 percent owner	TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830
Edward A Mule	10 percent owner	C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Glen A. Messina	director, officer: President and CEO	3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Thomas P Gibbons	director	THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Allan Z Loren	director	901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Citadel Gp Llc	10 percent owner	131 DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603
Surveyor Capital Ltd.	10 percent owner	131 S. DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603