Fiinu (LSE:BANK) Scaled Net Operating Assets : -0.05 (As of Jun. 2024)

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What is Fiinu 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.

Fiinu's operating assets for the quarter that ended in Jun. 2024 was £0.07 Mil. Fiinu's operating liabilities for the quarter that ended in Jun. 2024 was £0.14 Mil. Fiinu's Total Assets for the quarter that ended in Dec. 2023 was £1.55 Mil. Therefore, Fiinu's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was -0.05.

Fiinu Scaled Net Operating Assets Historical Data

The historical data trend for Fiinu'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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Fiinu Scaled Net Operating Assets Chart

Fiinu Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Scaled Net Operating Assets

0.35

1.02

0.26

0.28

-0.05

Fiinu Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial					-0.08	0.12	0.03	-0.07	-0.05

Competitive Comparison of Fiinu's Scaled Net Operating Assets

For the Credit Services subindustry, Fiinu'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.

Fiinu's Scaled Net Operating Assets Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Fiinu's Scaled Net Operating Assets distribution charts can be found below:

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

Fiinu 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.

Fiinu'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 )
=	(0.236	-	0.664)	/	9.213
=	-0.05

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.547	-	1.311
=	0.236

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.722	-	0	-	0.058
=	0.664

Fiinu'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 )
=	(0.065	-	0.144)	/	1.547
=	-0.05

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.756	-	0.691
=	0.065

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.168	-	0	-	0.024
=	0.144

Fiinu Scaled Net Operating Assets Related Terms

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Fiinu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fiinu PLC (LSE:BANK) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

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Address

Baker Street, Ibex House, Weybridge, Surrey, GBR, KT13 8AH

Website

https://www.fiinu.com

Fiinu PLC is a digital banking platform intended to unbundle overdraft solutions without needing to switch banks. The company offers led interest income, deposit margin banking infrastructure provider and helps to manage budget or those short-term unexpected costs, in a simple and responsible way, thereby assisting individuals with short-term unexpected expenses while maintaining financial prudence to reshape banking into a hassle-free, transparent, and efficient journey.

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