Wema Bank (NSA:WEMA) Scaled Net Operating Assets : -0.24 (As of Sep. 2024)

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What is Wema Bank 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.

Wema Bank's operating assets for the quarter that ended in Sep. 2024 was ₦2,090,299 Mil. Wema Bank's operating liabilities for the quarter that ended in Sep. 2024 was ₦2,757,195 Mil. Wema Bank's Total Assets for the quarter that ended in Jun. 2024 was ₦2,762,446 Mil. Therefore, Wema Bank's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.24.

Wema 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.

Wema 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 )
=	(1522406.854	-	2031849.526)	/	1441864.974
=	-0.35

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2248239.617	-	725832.763
=	1522406.854

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2108940.948	-	77091.422	-	0
=	2031849.526

Wema Bank'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 )
=	(2090298.531	-	2757194.84)	/	2762446.105
=	-0.24

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3092707.219	-	1002408.688
=	2090298.531

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2867942.219	-	110747.379	-	0
=	2757194.84

* 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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Wema Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wema Bank PLC (NSA:WEMA) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

54, Marina, Wema Tower, Lagos, NGA, 12862

Website

https://www.wemabank.com

Wema Bank PLC is a commercial bank. The company offers retail banking, SME banking, corporate banking, treasury, trade services and financial advisory to its customers. Its services include granting of loans and advances, corporate finance and money market activities. The bank operates in four geographical regions; South-west, South-South, Abuja and Lagos zones. Wema derives the majority of its revenues from Lagos.