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First Growth Funds (XCNQ:FGFL) Scaled Net Operating Assets : 0.76 (As of Sep. 2024)


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What is First Growth Funds 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.

First Growth Funds's operating assets for the quarter that ended in Sep. 2024 was C$2.10 Mil. First Growth Funds's operating liabilities for the quarter that ended in Sep. 2024 was C$0.05 Mil. First Growth Funds's Total Assets for the quarter that ended in Jun. 2024 was C$2.69 Mil. Therefore, First Growth Funds's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.76.

First Growth Funds 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.

First Growth Funds's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2024 )
=(Operating Assets (A: Jun. 2024 )-Operating Liabilities (A: Jun. 2024 ))/Total Assets (A: Jun. 2023 )
=(2.686-0.058)/2.94
=0.89

where

Operating Assets(A: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2.69 - 0.004
=2.686

Operating Liabilities(A: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.058 - 0 - 0
=0.058

First Growth Funds'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 )
=(2.098-0.054)/2.69
=0.76

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2.111 - 0.013
=2.098

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.054 - 0 - 0
=0.054

* 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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First Growth Funds Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Growth Funds Ltd (XCNQ:FGFL) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
MTOMF:USA
Address
311 Hay Street, Subiaco, WA, AUS, 6008
Website
https://www.firstgrowthfunds.com
First Growth Funds Ltd is an Australian Stock Exchange-listed investment company. The company manages a portfolio of investments covering small and medium companies listed equities, private equity and pre-IPO investments, convertible notes, loans and cryptocurrency investments, blockchain, equity investment, and other offerings. The company operates in Australia.