Netwealth Group (ASX:NWL) Scaled Net Operating Assets : 0.20 (As of Dec. 2023)

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What is Netwealth Group 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.

Netwealth Group's operating assets for the quarter that ended in Dec. 2023 was A$63.0 Mil. Netwealth Group's operating liabilities for the quarter that ended in Dec. 2023 was A$30.3 Mil. Netwealth Group's Total Assets for the quarter that ended in Jun. 2023 was A$161.9 Mil. Therefore, Netwealth Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.20.

Netwealth 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.

Netwealth Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(52.403	-	25.25)	/	136.204
=	0.20

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	161.885	-	109.482
=	52.403

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	38.836	-	12.149	-	1.437
=	25.25

Netwealth Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(62.986	-	30.344)	/	161.885
=	0.20

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	179.27	-	116.284
=	62.986

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	46.116	-	14.074	-	1.698
=	30.344

* 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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Netwealth Group (ASX:NWL) Business Description

Industry

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Traded in Other Exchanges

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Address

180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.netwealth.com.au

Netwealth provides cloud-based investment administration software as a service, or SaaS, in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform which are managed by third-party investment managers.