JPMorgan European Discovery Trust (LSE:JEDT) Scaled Net Operating Assets : 0.71 (As of Sep. 2023)

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What is JPMorgan European Discovery Trust 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.

JPMorgan European Discovery Trust's operating assets for the quarter that ended in Sep. 2023 was £716.05 Mil. JPMorgan European Discovery Trust's operating liabilities for the quarter that ended in Sep. 2023 was £75.50 Mil. JPMorgan European Discovery Trust's Total Assets for the quarter that ended in Mar. 2023 was £902.68 Mil. Therefore, JPMorgan European Discovery Trust's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.71.

JPMorgan European Discovery Trust 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.

JPMorgan European Discovery Trust'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 )
=	(855.682	-	7.784)	/	911.604
=	0.93

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	902.682	-	47
=	855.682

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	117.62	-	109.836	-	0
=	7.784

JPMorgan European Discovery Trust'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 )
=	(716.049	-	75.496)	/	902.682
=	0.71

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	759.579	-	43.53
=	716.049

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	75.496	-	0	-	0
=	75.496

* 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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JPMorgan European Discovery Trust (LSE:JEDT) Business Description

Industry

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JEDTl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.jpmeuropeandiscovery.co.uk

JPMorgan European Discovery Trust PLC is an investment trust company. Its objective is to achieve capital growth from smaller European companies (excluding the United Kingdom). In seeking to achieve this objective, the Company employs JPMorgan Funds Limited which, in turn, delegates portfolio management to JPMorgan Asset Management (UK) Limited to actively manage the company's assets. The investment policy emphasizes capital growth rather than income. It has a presence in the Netherlands, Sweden, Italy, Germany, France, Norway, Austria, Belgium, Switzerland, and Spain.