Firstrand (Firstrand) Scaled Net Operating Assets : 0.03 (As of Dec. 2023)

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What is Firstrand 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.

Firstrand's operating assets for the quarter that ended in Dec. 2023 was $116,705 Mil. Firstrand's operating liabilities for the quarter that ended in Dec. 2023 was $113,135 Mil. Firstrand's Total Assets for the quarter that ended in Jun. 2023 was $122,573 Mil. Therefore, Firstrand's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.03.

Firstrand 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.

Firstrand's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(113041.644	-	99886.688)	/	126439.764
=	0.10

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	122573.194	-	9531.55
=	113041.644

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	112027.282	-	12140.594	-	0
=	99886.688

Firstrand's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(116704.629	-	113135.492)	/	122573.194
=	0.03

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	125343.91	-	8639.281
=	116704.629

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	114083.122	-	947.63	-	0
=	113135.492

* 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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Firstrand (Firstrand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (OTCPK:FANDY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FSR:South Africa FST:Namibia FSRA:Germany

Address

Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.firstrand.co.za

Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.