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Akbank TAS (STU:AKB2) Scaled Net Operating Assets : 0.02 (As of Dec. 2023)


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What is Akbank TAS 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.

Akbank TAS's operating assets for the quarter that ended in Dec. 2023 was €48,983 Mil. Akbank TAS's operating liabilities for the quarter that ended in Dec. 2023 was €47,725 Mil. Akbank TAS's Total Assets for the quarter that ended in Sep. 2023 was €59,577 Mil. Therefore, Akbank TAS's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.02.

Akbank TAS 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.

Akbank TAS'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 )
=(48983.43-47724.883)/58049.307
=0.02

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=60068.286 - 11084.856
=48983.43

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53407.351 - 5682.468 - 0
=47724.883

Akbank TAS'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: Sep. 2023 )
=(48983.43-47724.883)/59576.908
=0.02

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=60068.286 - 11084.856
=48983.43

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53407.351 - 5682.468 - 0
=47724.883

* 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.

Akbank TAS Scaled Net Operating Assets Related Terms

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Akbank TAS (STU:AKB2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akbank TAS (STU:AKB2) » Definitions » Scaled Net Operating Assets
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IST:VAKBN IST:YKBNK IST:GARAN IST:KLNMA IST:SAHOL IST:HALKB IST:TSKB IST:SKBNK IST:ALBRK IST:ICBCT CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
AKBTY:USA AKBNK:Turkey
Address
Akbank Sabanci Center, 4. Levent, Istanbul, TUR, 34330
Website
https://www.akbank.com
Akbank TAS is a Turkish bank whose core business activities include consumer and private, commercial, small to midsize enterprise, and corporate and investment banking services. Other activities include foreign exchange, money markets, and securities transactions. In addition to traditional banking activities, the company provides insurance intermediary services. Approximately half of the bank's outstanding shares are owned by Sabanci Holding, a large Turkish financial conglomerate, and its affiliates. Net interest income contributes to the vast majority of net revenue, followed by net fees and commissions. The banks gives credit exposure to the services industry.