Shinhan Financial Group Co (XKRX:055550) Scaled Net Operating Assets : 0.08 (As of Dec. 2024)

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What is Shinhan Financial Group 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.

Shinhan Financial Group Co's operating assets for the quarter that ended in Dec. 2024 was ₩604,286,592 Mil. Shinhan Financial Group Co's operating liabilities for the quarter that ended in Dec. 2024 was ₩542,225,825 Mil. Shinhan Financial Group Co's Total Assets for the quarter that ended in Sep. 2024 was ₩745,396,500 Mil. Therefore, Shinhan Financial Group Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.08.

Shinhan Financial Group 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.

Shinhan Financial Group Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(698091961	-	542225825)	/	691795333
=	0.23

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	739764256	-	41672295
=	698091961

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	680943223	-	138686561	-	30837
=	542225825

Shinhan Financial Group Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(604286592	-	542225825)	/	745396500
=	0.08

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	739764256	-	135477664
=	604286592

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	680943223	-	138686561	-	30837
=	542225825

* 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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Shinhan Financial Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (XKRX:055550) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

SHG:USA KSF1:Germany

Address

20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513

Website

http://www.shinhangroup.com

Shinhan Financial is a Korean banking group. Along with its subsidiaries the company provides, comprehensive financial services which consist of commercial banking services, credit card services, securities services, insurance, credit services, and asset management services, including securities investment trust management, investment advisory, call transaction, domestic and foreign private equity fund business, and other services. The majority of the revenue is generated from its Banking business which includes retail, corporate, international, and other banking services the company offers.