Tower (ASX:TWR) Scaled Net Operating Assets : 0.30 (As of Mar. 2024)

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What is Tower 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.

Tower's operating assets for the quarter that ended in Mar. 2024 was A$496.8 Mil. Tower's operating liabilities for the quarter that ended in Mar. 2024 was A$232.2 Mil. Tower's Total Assets for the quarter that ended in Sep. 2023 was A$873.2 Mil. Therefore, Tower's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.30.

Tower 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(814.147	-	566.008)	/	713.323
=	0.35

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	873.221	-	59.074
=	814.147

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	596.109	-	25.046	-	5.055
=	566.008

Tower's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Sep. 2023 )
=	(496.808	-	232.163)	/	873.221
=	0.30

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	570.474	-	73.666
=	496.808

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	260.884	-	28.721	-	0
=	232.163

* 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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Tower (ASX:TWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tower Ltd (ASX:TWR) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

TWR:New Zealand

Address

136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142

Website

https://www.tower.co.nz

Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.