Argo Group (LSE:ARGO) Scaled Net Operating Assets : -0.09 (As of Jun. 2024)

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What is Argo 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.

Argo Group's operating assets for the quarter that ended in Jun. 2024 was £0.67 Mil. Argo Group's operating liabilities for the quarter that ended in Jun. 2024 was £1.11 Mil. Argo Group's Total Assets for the quarter that ended in Dec. 2023 was £4.79 Mil. Therefore, Argo Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was -0.09.

Argo Group Scaled Net Operating Assets Historical Data

The historical data trend for Argo Group's Scaled Net Operating Assets can be seen below:

* 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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Argo Group Scaled Net Operating Assets Chart

Argo Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.04

0.68

0.66

0.63

Argo Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.60	0.70	0.66	-	-0.09

Competitive Comparison of Argo Group's Scaled Net Operating Assets

For the Asset Management subindustry, Argo Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Argo Group's Scaled Net Operating Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Argo Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Argo Group's Scaled Net Operating Assets falls into.

Argo 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.

Argo 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 )
=	(0.809	-	0.751)	/	16.802
=	0.00

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4.794	-	3.985
=	0.809

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.751	-	0	-	0
=	0.751

Argo Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(0.672	-	1.111)	/	4.794
=	-0.09

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	6.819	-	6.147
=	0.672

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.111	-	0	-	0
=	1.111

Argo Group Scaled Net Operating Assets Related Terms

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Argo Group Business Description

Industry

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Traded in Other Exchanges

IW6:Germany

Address

24-25 New Bond Street, 2nd Floor, London, GBR, W1S 2RR

Website

https://www.argogrouplimited.com

Argo Group Ltd is an investment management company that invests in multi-strategy investment in emerging markets. Its investment objective is to provide investors with absolute returns on the funds. The group aims to deliver low volatility, double-digit absolute returns through a fundamental, bottom-up investment approach. The Group's funds invest in performing fixed-income securities, both sovereign and corporate, distressed debt, and real estate. The company operates as a single asset management business.