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SLM (SLMAP.PFD) Scaled Net Operating Assets : 0.13 (As of Sep. 2024)


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What is SLM 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.

SLM's operating assets for the quarter that ended in Sep. 2024 was $25,473.31 Mil. SLM's operating liabilities for the quarter that ended in Sep. 2024 was $21,842.49 Mil. SLM's Total Assets for the quarter that ended in Jun. 2024 was $28,768.84 Mil. Therefore, SLM's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.13.

SLM 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.

SLM'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 )
=(25019.63-22061.159)/28811.029
=0.10

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=29169.468 - 4149.838
=25019.63

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27288.671 - 5227.512 - 0
=22061.159

SLM'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 )
=(25473.306-21842.49)/28768.844
=0.13

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=30012.767 - 4539.461
=25473.306

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27879.017 - 6036.527 - 0
=21842.49

* 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.

SLM Scaled Net Operating Assets Related Terms

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SLM Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SLM Corp (NAS:SLMAP.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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Address
300 Continental Drive, Newark, DE, USA, 19713
Website
https://www.salliemae.com
SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.