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Fifth Third Bancorp (FRA:FFH) Scaled Net Operating Assets : -0.12 (As of Mar. 2024)


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What is Fifth Third Bancorp 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.

Fifth Third Bancorp's operating assets for the quarter that ended in Mar. 2024 was €138,774 Mil. Fifth Third Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was €163,313 Mil. Fifth Third Bancorp's Total Assets for the quarter that ended in Dec. 2023 was €196,764 Mil. Therefore, Fifth Third Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.12.

Fifth Third Bancorp 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.

Fifth Third Bancorp'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 )
=(193883.144-161844.998)/195834.688
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=196764.358 - 2881.214
=193883.144

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=179183.634 - 15020.46 - 2318.176
=161844.998

Fifth Third Bancorp'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 )
=(138773.72-163312.88)/196764.358
=-0.12

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=197345.52 - 58571.8
=138773.72

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=179848.96 - 14208.48 - 2327.6
=163312.88

* 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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Fifth Third Bancorp (FRA:FFH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fifth Third Bancorp (FRA:FFH) » Definitions » Scaled Net Operating Assets
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FCNCA MTB HBAN RF CFG KEY BAP EWBC FHN WBS NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
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Address
38 Fountain Square Plaza, Cincinnati, OH, USA, 45263
Website
https://www.53.com
Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking centers and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.