SinoPac Financial Holdings Co (TPE:2890) Scaled Net Operating Assets : 0.06 (As of Mar. 2024)

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What is SinoPac Financial Holdings Co 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.

SinoPac Financial Holdings Co's operating assets for the quarter that ended in Mar. 2024 was NT$2,706,487 Mil. SinoPac Financial Holdings Co's operating liabilities for the quarter that ended in Mar. 2024 was NT$2,528,157 Mil. SinoPac Financial Holdings Co's Total Assets for the quarter that ended in Dec. 2023 was NT$2,771,353 Mil. Therefore, SinoPac Financial Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.06.

SinoPac Financial Holdings Co 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.

SinoPac Financial Holdings Co'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 )
=	(2556657.955	-	2445889.453)	/	2588763.257
=	0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2771352.731	-	214694.776
=	2556657.955

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2583016.775	-	137127.322	-	0
=	2445889.453

SinoPac Financial Holdings Co'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 )
=	(2706487.299	-	2528156.638)	/	2771352.731
=	0.06

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2882591.696	-	176104.397
=	2706487.299

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2685423.582	-	157266.944	-	0
=	2528156.638

* 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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SinoPac Financial Holdings Co (TPE:2890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SinoPac Financial Holdings Co Ltd (TPE:2890) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Bade Road, Section 2, 3rd Floor, 5th to 13th Floor and No. 306 and 6th Floor 1, 6th Floor 2, Zhongshan District, Taipei, TWN, 104

Website

https://www.sinopac.com

SinoPac Financial Holdings Co Ltd is a Taiwan-based financial holdings company. The company's business segments consist of the banking business, which includes Bank SinoPac and its subsidiaries, and offers investment, insurance agent, insurance brokerage, and other services; the securities business, which includes SinoPac Securities and its subsidiaries, and offers securities trading, investment consulting, asset management, and other services; and the other business segment, which conducts businesses through a number of other subsidiaries. The company generates its revenue from the banking business. The company has a business presence in Taiwan, the United States, Asia, and other countries, with Taiwan accounting for the majority of its revenue.