RMB Holdings (JSE:RMH) Scaled Net Operating Assets : 0.89 (As of Sep. 2023)

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What is RMB Holdings 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.

RMB Holdings's operating assets for the quarter that ended in Sep. 2023 was R1,413.0 Mil. RMB Holdings's operating liabilities for the quarter that ended in Sep. 2023 was R48.0 Mil. RMB Holdings's Total Assets for the quarter that ended in Mar. 2023 was R1,526.0 Mil. Therefore, RMB Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.89.

RMB Holdings 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.

RMB Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(1478	-	110)	/	3979
=	0.34

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1526	-	48
=	1478

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	110	-	0	-	0
=	110

RMB Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(1413	-	48)	/	1526
=	0.89

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1497	-	84
=	1413

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	48	-	0	-	0
=	48

* 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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RMB Holdings (JSE:RMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » RMB Holdings Ltd (JSE:RMH) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

R8B:Germany

Address

Corner Cradock and Tyrwhitt Avenues, The Bank, 12th floor, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.rmh.co.za

RMB Holdings Ltd is a holding company that owns roughly a third of FirstRand Limited, which is a large financial services group in South Africa. FirstRand is RMB's sole investment. FirstRand operates First National Bank, which is a retail and commercial bank; Rand Merchant Bank, which is a corporate and investment bank; WesBank, which offers vehicle and asset financing; and Ashburton Investments, which engages in investment management. FirstRand generates more than half its total revenue from net interest income, with the remainder coming from fees, commissions, and insurance premiums. By business, First National Bank, the retail and commercial bank, provides most of FirstRand's revenue.