TwentyFourome Fund (LSE:TFIF) Scaled Net Operating Assets : 0.98 (As of Sep. 2023)

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What is TwentyFourome Fund 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.

TwentyFourome Fund's operating assets for the quarter that ended in Sep. 2023 was £766.2 Mil. TwentyFourome Fund's operating liabilities for the quarter that ended in Sep. 2023 was £7.2 Mil. TwentyFourome Fund's Total Assets for the quarter that ended in Mar. 2023 was £775.9 Mil. Therefore, TwentyFourome Fund's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.98.

TwentyFourome Fund 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.

TwentyFourome Fund'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 )
=	(748.644	-	1.068)	/	760.239
=	0.98

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	775.879	-	27.235
=	748.644

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	50.896	-	49.828	-	0
=	1.068

TwentyFourome Fund'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 )
=	(766.221	-	7.2)	/	775.879
=	0.98

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	781.245	-	15.024
=	766.221

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	13.121	-	5.921	-	0
=	7.2

* 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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TwentyFourome Fund (LSE:TFIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » TwentyFour Income Fund Ltd (LSE:TFIF) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

TFIFl:UK

Address

Trafalgar Court, PO Box 255, Les Banques, St Peter Port, GGY, GY1 3QL

Website

https://www.twentyfouram.com

TwentyFour Income Fund Ltd is a closed-ended investment fund based in the United Kingdom. The company's investment objective is to generate risk-adjusted returns principally through income distributions. Hence, the company follows an investment policy to invest in a diversified portfolio of the United Kingdom and European Asset-Backed Securities. It offers a range of specialist fixed income funds and services to suit the different requirements of its investors.