Bancroft Fund (Bancroft Fund) Scaled Net Operating Assets : 0.70 (As of Oct. 2022)

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What is Bancroft Fund 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.

Bancroft Fund's operating assets for the quarter that ended in Oct. 2022 was $148.00 Mil. Bancroft Fund's operating liabilities for the quarter that ended in Oct. 2022 was $30.37 Mil. Bancroft Fund's Total Assets for the quarter that ended in Apr. 2022 was $168.39 Mil. Therefore, Bancroft Fund's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2022 was 0.70.

Bancroft Fund 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.

Bancroft Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2021 )
=	(Operating Assets (A: Oct. 2021 )	-	Operating Liabilities (A: Oct. 2021 ))	/	Total Assets (A: Oct. 2020 )
=	(213.099	-	30.56)	/	184.609
=	0.99

where

	Operating Assets		(A: Oct. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	213.099	-	0
=	213.099

	Operating Liabilities		(A: Oct. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	30.561	-	0.001	-	0
=	30.56

Bancroft Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Oct. 2022 )
=	(Operating Assets (Q: Oct. 2022 )	-	Operating Liabilities (Q: Oct. 2022 ))	/	Total Assets (Q: Apr. 2022 )
=	(148	-	30.365)	/	168.392
=	0.70

where

	Operating Assets		(Q: Oct. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	148	-	0
=	148

	Operating Liabilities		(Q: Oct. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	30.365	-	0	-	0
=	30.365

* 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.

Bancroft Fund Scaled Net Operating Assets Related Terms

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Bancroft Fund (Bancroft Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bancroft Fund Ltd (AMEX:BCV) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

BCV.PRA.PFD:USA

Address

One Corporate Center, Rye, New York, NY, USA, 10580-1422

Website

http://www.gabelli.com

Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.

Executives

Mario J Gabelli	director, other: Control Person of Adviser	191 MASON STREET, GREENWICH CT 06830
Anthonie C Vanekris	director	ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Kinchen C Bizzell	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Jane D Okeeffe	director, officer: President	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVE, MORRISTOWN NJ 07960
James P Conn	director
Mercedes A Pierre	other: former Vice President and CCO	C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Michael J Melarkey	director	ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady	officer: Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr	director	ONE CORPORATE CENTER, RYE NY 10580
James Andrew Dinsmore	officer: Vice President	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
Germaine M Ortiz	officer: Vice President	C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Peter M Finnican	other: Adviser's Marketing Director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960