Montanaro European Smaller Trust (CHIX:MTEL) Scaled Net Operating Assets : 0.99 (As of Sep. 2024)

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What is Montanaro European Smaller Trust 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.

Montanaro European Smaller Trust's operating assets for the quarter that ended in Sep. 2024 was £319.47 Mil. Montanaro European Smaller Trust's operating liabilities for the quarter that ended in Sep. 2024 was £0.98 Mil. Montanaro European Smaller Trust's Total Assets for the quarter that ended in Mar. 2024 was £322.80 Mil. Therefore, Montanaro European Smaller Trust's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.99.

Montanaro European Smaller Trust 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.

Montanaro European Smaller Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2024 )
=	(Operating Assets (A: Mar. 2024 )	-	Operating Liabilities (A: Mar. 2024 ))	/	Total Assets (A: Mar. 2023 )
=	(322.561	-	0.754)	/	314.413
=	1.02

where

	Operating Assets		(A: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	322.803	-	0.242
=	322.561

	Operating Liabilities		(A: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10.083	-	9.329	-	0
=	0.754

Montanaro European Smaller Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Mar. 2024 )
=	(319.466	-	0.983)	/	322.803
=	0.99

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	322.27	-	2.804
=	319.466

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9.25	-	8.267	-	0
=	0.983

* 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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Montanaro European Smaller Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Montanaro European Smaller Companies Trust PLC (CHIX:MTEl) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MTE:UK

Address

28 Walker Street, Edinburgh, GBR, EH3 7HR

Website

https://www.montanaro.co.uk

Montanaro European Smaller Companies Trust PLC is an investment trust. The company's investment objective is to achieve capital growth by investing principally in Continental European quoted smaller companies. Its benchmark index is the MSCI Europe SmallCap (ex UK) Index (in sterling terms). It has a presence in Sweden, Germany, Italy, Switzerland, France, Norway, Netherlands, Denmark, Spain, Belgium, Portugal, and Austria. The company invests in Energy, Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care, Financials, Information Technology, Communication Services, and Property sectors.