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Nedbank Group (JSE:NED) Scaled Net Operating Assets : 0.07 (As of Dec. 2023)


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What is Nedbank 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.

Nedbank Group's operating assets for the quarter that ended in Dec. 2023 was R1,238,073 Mil. Nedbank Group's operating liabilities for the quarter that ended in Dec. 2023 was R1,141,773 Mil. Nedbank Group's Total Assets for the quarter that ended in Jun. 2023 was R1,306,747 Mil. Therefore, Nedbank Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.07.

Nedbank 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.

Nedbank Group'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 )
=(1238073-1141773)/1252904
=0.08

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1311408 - 73335
=1238073

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1192197 - 50424 - 0
=1141773

Nedbank 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: Jun. 2023 )
=(1238073-1141773)/1306747
=0.07

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1311408 - 73335
=1238073

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1192197 - 50424 - 0
=1141773

* 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.

Nedbank Group Scaled Net Operating Assets Related Terms

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Nedbank Group (JSE:NED) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (JSE:NED) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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Address
135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Website
https://www.nedbankgroup.co.za
Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.