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Bank of Africa (CAS:BOA) Scaled Net Operating Assets : 0.11 (As of Mar. 2024)


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What is Bank of Africa 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.

Bank of Africa's operating assets for the quarter that ended in Mar. 2024 was MAD384,487 Mil. Bank of Africa's operating liabilities for the quarter that ended in Mar. 2024 was MAD342,550 Mil. Bank of Africa's Total Assets for the quarter that ended in Dec. 2023 was MAD388,185 Mil. Therefore, Bank of Africa's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.11.

Bank of Africa 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.

Bank of Africa's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(369709.634-298038.929)/383154.559
=0.19

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=388184.512 - 18474.878
=369709.634

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=354290.695 - 56251.766 - 0
=298038.929

Bank of Africa'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: Dec. 2023 )
=(384486.986-342550.208)/388184.512
=0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=399186.152 - 14699.166
=384486.986

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=364584.259 - 22034.051 - 0
=342550.208

* 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.

Bank of Africa Scaled Net Operating Assets Related Terms

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Bank of Africa (CAS:BOA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Africa (CAS:BOA) » Definitions » Scaled Net Operating Assets
Comparable Companies
CAS:CFG JPM BAC SHSE:601398 SHSE:601288 WFC SHSE:601939 SHSE:601988 LSE:HSBA TSX:RY ASX:CBA C TSE:8306 TSX:TD XSWX:UBSG TSE:8316 XMAD:SAN ASX:NAB TSX:BMO SHSE:601328
Traded in Other Exchanges
N/A
Address
140 Avenue Hassan II, Casablanca, MAR, 20000
Website
https://www.ir-bankofafrica.ma
Bank of Africa, formerly Banque Marocaine Du Commerce Exterieur SA is a full-service commercial bank with operations in Morocco and neighboring countries in Africa but also in Europe, China, and Canada. It offers a range of financial services to individual, corporate, and professional clients, including banking, insurance, and asset management. Its products include accounts, credit cards, loans, and other savings and investment products. The bank focuses on developing its core business with stronger market penetration of small and medium-sized businesses and younger customers.