M&G Creditome Investment Trust (LSE:MGCI) Scaled Net Operating Assets : 0.97 (As of Dec. 2023)

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What is M&G Creditome Investment 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.

M&G Creditome Investment Trust's operating assets for the quarter that ended in Dec. 2023 was £136.92 Mil. M&G Creditome Investment Trust's operating liabilities for the quarter that ended in Dec. 2023 was £3.76 Mil. M&G Creditome Investment Trust's Total Assets for the quarter that ended in Jun. 2023 was £137.74 Mil. Therefore, M&G Creditome Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.97.

M&G Creditome Investment 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.

M&G Creditome Investment Trust'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 )
=	(136.92	-	3.756)	/	144.833
=	0.92

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	139.041	-	2.121
=	136.92

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.756	-	0	-	0
=	3.756

M&G Creditome Investment Trust'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 )
=	(136.92	-	3.756)	/	137.737
=	0.97

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	139.041	-	2.121
=	136.92

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.756	-	0	-	0
=	3.756

* 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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M&G Creditome Investment Trust (LSE:MGCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G Credit Income Investment Trust PLC (LSE:MGCI) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.mandg.co.uk

M&G Credit Income Investment Trust PLC is an UK based asset management company. The principal activity of the group is to invest in a diversified portfolio of public and private Debt Instruments, with a view to achieving the company's investment objective. Its investment objective is to generate a regular and attractive level of income with low asset value volatility.