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Sumitomo Mitsui Financial Group (TSE:8316) Scaled Net Operating Assets : -0.08 (As of Sep. 2024)


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What is Sumitomo Mitsui Financial Group 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.

Sumitomo Mitsui Financial Group's operating assets for the quarter that ended in Sep. 2024 was 円216,409,938 Mil. Sumitomo Mitsui Financial Group's operating liabilities for the quarter that ended in Sep. 2024 was 円240,514,731 Mil. Sumitomo Mitsui Financial Group's Total Assets for the quarter that ended in Jun. 2024 was 円301,990,164 Mil. Therefore, Sumitomo Mitsui Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.08.

Sumitomo Mitsui Financial Group 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.

Sumitomo Mitsui Financial Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2024 )
=(Operating Assets (A: Mar. 2024 )-Operating Liabilities (A: Mar. 2024 ))/Total Assets (A: Mar. 2023 )
=(217093601-246180969)/270428564
=-0.11

where

Operating Assets(A: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=295236701 - 78143100
=217093601

Operating Liabilities(A: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=280436737 - 28688540 - 5567228
=246180969

Sumitomo Mitsui Financial Group'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 )
=(216409938-240514731)/301990164
=-0.08

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=290022585 - 73612647
=216409938

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=275129845 - 28411877 - 6203237
=240514731

* 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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Sumitomo Mitsui Financial Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (TSE:8316) » Definitions » Scaled Net Operating Assets
Comparable Companies
TSE:8306 JPM BAC SHSE:601398 WFC SHSE:601288 SHSE:601939 SHSE:601988 TSX:RY ASX:CBA LSE:HSBA ASX:NAB C XSWX:UBSG TSX:TD ASX:WBC TSX:BNS XMAD:SAN TSX:BMO SHSE:601328
Traded in Other Exchanges
SMFNF:USA SMFG:USA SMFG19:Thailand 8316:Japan 0LAF:UK XMFA:Germany XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Website
https://www.smfg.co.jp
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2024, its market share of domestic loans was 7.2%, compared with 8.0% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.