First Financial Holding Co (First Financial Holding Co) Scaled Net Operating Assets : -0.02 (As of Dec. 2023)

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What is First Financial Holding Co 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.

First Financial Holding Co's operating assets for the quarter that ended in Dec. 2023 was $128,102 Mil. First Financial Holding Co's operating liabilities for the quarter that ended in Dec. 2023 was $130,603 Mil. First Financial Holding Co's Total Assets for the quarter that ended in Sep. 2023 was $136,239 Mil. Therefore, First Financial Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.02.

First Financial Holding Co 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.

First Financial Holding Co'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 )
=	(128101.589	-	130603.056)	/	135623.833
=	-0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	141734.327	-	13632.738
=	128101.589

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	133784.488	-	3181.432	-	0
=	130603.056

First Financial Holding Co'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: Sep. 2023 )
=	(128101.589	-	130603.056)	/	136238.868
=	-0.02

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	141734.327	-	13632.738
=	128101.589

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	133784.488	-	3181.432	-	0
=	130603.056

* 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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First Financial Holding Co (First Financial Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Holding Co Ltd (GREY:FFHMY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

2892:Taiwan

Address

No. 30, Chongqing South Road, 18th Floor, Section 1, Taipei, TWN, 100

Website

https://www.firstholding.com.tw

First Financial Holding Co Ltd is a financial services holding company that consists of various subsidiaries. Most of the company's activities are overwhelmingly concentrated in Taiwan. Its largest revenue-contributing subsidiary, First Bank, derives most of its net revenue from net interest income. First Bank's expansion strategy targets China and Southeast Asia, as well as developed economies across the globe. First Bank emphasizes distribution chain financing and has adjusted its loan portfolio away from capital-intensive lending, together with a focus on fee-based businesses. The company also engages in asset management, securities trading, brokerage services, insurance, venture capital, consulting, and distressed asset investing.