Fukuoka Financial Group (Fukuoka Financial Group) Scaled Net Operating Assets : 0.02 (As of Dec. 2023)

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What is Fukuoka Financial Group 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.

Fukuoka Financial Group's operating assets for the quarter that ended in Dec. 2023 was $166,987 Mil. Fukuoka Financial Group's operating liabilities for the quarter that ended in Dec. 2023 was $162,951 Mil. Fukuoka Financial Group's Total Assets for the quarter that ended in Sep. 2023 was $214,191 Mil. Therefore, Fukuoka Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.02.

Fukuoka Financial Group 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.

Fukuoka Financial Group'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 )
=	(161527.301	-	155453.368)	/	223876.398
=	0.03

where

	Operating Assets		(A: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	217928.395	-	56401.094
=	161527.301

	Operating Liabilities		(A: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	211108.507	-	55655.139	-	0
=	155453.368

Fukuoka Financial Group'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 )
=	(166987.266	-	162950.712)	/	214191.207
=	0.02

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	227613.93	-	60626.664
=	166987.266

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	220911.513	-	57960.801	-	0
=	162950.712

* 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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Fukuoka Financial Group (Fukuoka Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fukuoka Financial Group Inc (OTCPK:FKKFF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FKKFY:USA 8354:Japan 4FK:Germany

Address

1-8-3, Otemon, Chuo-ku, Fukuoka, JPN, 810-8693

Website

http://www.fukuoka-fg.com

Fukuoka Financial Group is a Japan-based financial holding company that is principally engaged in banking business through its subsidiaries, including the Bank of Fukuoka, the Kumamoto Bank, and the Shinwa Bank. The company conducts its core business (banking) through a branch network in Japan and overseas markets, including China, Thailand, Singapore, and the United States. The company also conducts other businesses, such as a securities business, an office work agent business, a loan guarantee business, a credit card business, a collateral valuation business, a consulting business, investments and loans, and others. The company generates the majority of its operating income from Japan.