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FCMB Group (NSA:FCMB) Scaled Net Operating Assets : 0.11 (As of Mar. 2024)


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What is FCMB 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.

FCMB Group's operating assets for the quarter that ended in Mar. 2024 was ₦4,522,771 Mil. FCMB Group's operating liabilities for the quarter that ended in Mar. 2024 was ₦4,031,681 Mil. FCMB Group's Total Assets for the quarter that ended in Dec. 2023 was ₦4,423,895 Mil. Therefore, FCMB Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.11.

FCMB 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.

FCMB 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 )
=(3844727.12-3598767.163)/2983052.557
=0.08

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4423894.628 - 579167.508
=3844727.12

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3961268.07 - 362500.907 - 0
=3598767.163

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

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(4522771.093-4031680.668)/4423894.628
=0.11

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5227058.658 - 704287.565
=4522771.093

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4731688.003 - 700007.335 - 0
=4031680.668

* 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.

FCMB Group Scaled Net Operating Assets Related Terms

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FCMB Group (NSA:FCMB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FCMB Group PLC (NSA:FCMB) » Definitions » Scaled Net Operating Assets
Comparable Companies
NSA:STERLINGNG NSA:WEMA NSA:JAIZBANK NSA:UBNP NSA:ABBEYBDS NSA:UBP NSA:FBP NSA:ETI CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN
Traded in Other Exchanges
N/A
Address
44 Marina, First City Plaza, Lagos, NGA
Website
https://www.fcmbgroup.com
FCMB Group PLC provides banking products and services in Nigeria. Its business is divided into eight segments including Investment Banking, SME (Small and Medium Enterprises) Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, Treasury and Financial Markets, and Asset Management. The bank generates the majority of its revenue from the personal banking segment that offers private banking services, private customer current accounts, savings, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. It has geographic operations in Nigeria and Europe.