Omavings Bank (OHEL:OMASP) Scaled Net Operating Assets : 0.35 (As of Mar. 2024)

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What is Omavings 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.

Omavings Bank's operating assets for the quarter that ended in Mar. 2024 was €6,753.1 Mil. Omavings Bank's operating liabilities for the quarter that ended in Mar. 2024 was €4,051.7 Mil. Omavings Bank's Total Assets for the quarter that ended in Dec. 2023 was €7,642.9 Mil. Therefore, Omavings Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.35.

Omavings 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.

Omavings 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 )
=	(6768.983	-	4066.782)	/	5941.766
=	0.45

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7642.906	-	873.923
=	6768.983

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7101.854	-	3035.072	-	0
=	4066.782

Omavings Bank'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 )
=	(6753.13	-	4051.67)	/	7642.906
=	0.35

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7531.291	-	778.161
=	6753.13

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7003.865	-	2952.195	-	0
=	4051.67

* 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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Omavings Bank (OHEL:OMASP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oma Savings Bank PLC (OHEL:OMASP) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

OM0:Germany

Address

Valtakatu 32, Lappeenranta, FIN, 53100

Website

https://www.omasp.fi

Oma Savings Bank PLC is a Finnish savings bank. The bank's product and service offerings include savings, current and rental security deposit account, mortgage, car loan, renovation loan, student loan, endowment life insurance, financial insurance, and online services as well.