United Bank for Africa (NSA:UBA) Scaled Net Operating Assets : -0.16 (As of Sep. 2024)

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What is United Bank for Africa 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.

United Bank for Africa's operating assets for the quarter that ended in Sep. 2024 was ₦22,678,472 Mil. United Bank for Africa's operating liabilities for the quarter that ended in Sep. 2024 was ₦27,105,275 Mil. United Bank for Africa's Total Assets for the quarter that ended in Jun. 2024 was ₦28,337,539 Mil. Therefore, United Bank for Africa's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.16.

United Bank for Africa 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.

United Bank for Africa'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 )
=	(14569675	-	17754578)	/	10857571
=	-0.29

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20653197	-	6083522
=	14569675

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	18623002	-	868424	-	0
=	17754578

United Bank for Africa's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(22678472	-	27105275)	/	28337539
=	-0.16

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	31801359	-	9122887
=	22678472

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	28215912	-	1110637	-	0
=	27105275

* 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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United Bank for Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Bank for Africa PLC (NSA:UBA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Marina, UBA House, Lagos Island, Lagos, NGA

Website

https://www.ubagroup.com

United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments of the company are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.