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Virgin Money UK (ASX:VUK) Scaled Net Operating Assets : 0.11 (As of Sep. 2023)


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What is Virgin Money UK 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.

Virgin Money UK's operating assets for the quarter that ended in Sep. 2023 was A$153,746 Mil. Virgin Money UK's operating liabilities for the quarter that ended in Sep. 2023 was A$135,127 Mil. Virgin Money UK's Total Assets for the quarter that ended in Mar. 2023 was A$168,154 Mil. Therefore, Virgin Money UK's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.11.

Virgin Money UK 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.

Virgin Money UK'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 )
=(153745.51-135127.43)/156023.322
=0.12

where

Operating Assets(A: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=176756.208 - 23010.698
=153745.51

Operating Liabilities(A: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=165958.569 - 30831.139 - 0
=135127.43

Virgin Money UK's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2023 )
=(Operating Assets (Q: Sep. 2023 )-Operating Liabilities (Q: Sep. 2023 ))/Total Assets (Q: Mar. 2023 )
=(153745.51-135127.43)/168154.136
=0.11

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=176756.208 - 23010.698
=153745.51

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=165958.569 - 30831.139 - 0
=135127.43

* 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.

Virgin Money UK Scaled Net Operating Assets Related Terms

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Virgin Money UK (ASX:VUK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (ASX:VUK) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
CYBBF:USA CBBYF:USA VMUKl:UK VMUK:UK 42YA:Germany
Address
177 Bothwell Street, Glasgow, GBR, G2 7ER
Website
https://www.virginmoneyukplc.com
Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.