Unity Bank (NSA:UBP) Scaled Net Operating Assets: -0.77 (As of Dec. 2023)


NSA:UBP Unity Bank PLC NSA:UBP
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What is Unity Bank Scaled Net Operating Assets?

Unity Bank NSA:UBP 8 Scaled Net Operating Assets is -0.77 as of Dec. 2023. GuruFocus rates NSA:UBP with a GF Score™ of 8/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Unity Bank's operating assets for the quarter that ended in Dec. 2023 was ₦394,642.05 Mil. Unity Bank's operating liabilities for the quarter that ended in Dec. 2023 was ₦788,868.27 Mil. Unity Bank's Total Assets for the quarter that ended in Dec. 2022 was ₦510,143.96 Mil. Therefore, Unity Bank's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.77.

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Unity Bank PLC NSA:UBP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Unity Bank 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.

Unity Bank'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 )
=(394642.05-788868.273)/510143.959
=-0.77

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=472584.916 - 77942.866
=394642.05

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=799458.24 - 10589.967 - 0
=788868.273

Unity Bank'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: Dec. 2022 )
=(394642.05-788868.273)/510143.959
=-0.77

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=472584.916 - 77942.866
=394642.05

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=799458.24 - 10589.967 - 0
=788868.273

* 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.

What does a Scaled Net Operating Assets of -0.77 mean?
Unity Bank (NSA:UBP) has a Scaled Net Operating Assets of -0.77 as of Dec. 2023. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Unity Bank and its competitors.
Is Unity Bank's Scaled Net Operating Assets too high?
Unity Bank's current Scaled Net Operating Assets is -0.77. Overall, Unity Bank has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Unity Bank's Scaled Net Operating Assets compare to USB and PNC?
Unity Bank's Scaled Net Operating Assets of -0.77 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Unity Bank and its competitors. Unity Bank's current Scaled Net Operating Assets is -0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unity Bank stock overvalued right now?
Unity Bank (NSA:UBP) has a current Scaled Net Operating Assets of -0.77. The current Scaled Net Operating Assets is -0.77. Unity Bank's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Unity Bank (NSA:UBP), the current Scaled Net Operating Assets is -0.77 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Unity Bank Business Description

Address Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA
Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, and corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated two geographical segments in addition to the Head Office which is: North and South Bank, of which it dervies majority revenue from North Bank.
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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