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MetroCity Bankshares (FRA:7IR) Scaled Net Operating Assets : 0.14 (As of Mar. 2024)


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What is MetroCity Bankshares 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.

MetroCity Bankshares's operating assets for the quarter that ended in Mar. 2024 was €3,104.8 Mil. MetroCity Bankshares's operating liabilities for the quarter that ended in Mar. 2024 was €2,661.0 Mil. MetroCity Bankshares's Total Assets for the quarter that ended in Dec. 2023 was €3,212.1 Mil. Therefore, MetroCity Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.14.

MetroCity Bankshares 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.

MetroCity Bankshares'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 )
=(3081.736-2556.28)/3235.314
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3212.089 - 130.353
=3081.736

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2862.238 - 304.298 - 1.66
=2556.28

MetroCity Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(3104.844-2661.032)/3212.089
=0.14

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3355.441 - 250.597
=3104.844

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2990.566 - 329.534 - 0
=2661.032

* 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.

MetroCity Bankshares Scaled Net Operating Assets Related Terms

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MetroCity Bankshares (FRA:7IR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MetroCity Bankshares Inc (FRA:7IR) » Definitions » Scaled Net Operating Assets
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HTBK BFST CCB CFB UVSP MBWM TRST CCBG AMAL FMBL CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
MCBS:USA
Address
5114 Buford Highway, Doraville, GA, USA, 30340
Website
https://www.metrocitybank.com
MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.