Mercantile Investment Trust (The) (CHIX:MRCL) Scaled Net Operating Assets : 0.95 (As of Jul. 2024)

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What is Mercantile Investment Trust (The) 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.

Mercantile Investment Trust (The)'s operating assets for the quarter that ended in Jul. 2024 was £2,447.3 Mil. Mercantile Investment Trust (The)'s operating liabilities for the quarter that ended in Jul. 2024 was £338.3 Mil. Mercantile Investment Trust (The)'s Total Assets for the quarter that ended in Jan. 2024 was £2,212.8 Mil. Therefore, Mercantile Investment Trust (The)'s scaled net operating assets (SNOA) for the quarter that ended in Jul. 2024 was 0.95.

Mercantile Investment Trust (The) 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.

Mercantile Investment Trust (The)'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jan. 2024 )
=	(Operating Assets (A: Jan. 2024 )	-	Operating Liabilities (A: Jan. 2024 ))	/	Total Assets (A: Jan. 2023 )
=	(2123.271	-	19.248)	/	2203.101
=	0.96

where

	Operating Assets		(A: Jan. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2212.801	-	89.53
=	2123.271

	Operating Liabilities		(A: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	347.182	-	327.934	-	0
=	19.248

Mercantile Investment Trust (The)'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Jul. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jul. 2024 )
=	(Operating Assets (Q: Jul. 2024 )	-	Operating Liabilities (Q: Jul. 2024 ))	/	Total Assets (Q: Jan. 2024 )
=	(2447.266	-	338.273)	/	2212.801
=	0.95

where

	Operating Assets		(Q: Jul. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2479.284	-	32.018
=	2447.266

	Operating Liabilities		(Q: Jul. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	338.273	-	0	-	0
=	338.273

* 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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Mercantile Investment Trust (The) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MRC:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.mercantileit.co.uk

Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of securities of companies from various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.