Meritz Financial Group (XKRX:138040) Scaled Net Operating Assets : 0.24 (As of Sep. 2024)

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What is Meritz 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.

Meritz Financial Group's operating assets for the quarter that ended in Sep. 2024 was ₩106,954,000 Mil. Meritz Financial Group's operating liabilities for the quarter that ended in Sep. 2024 was ₩81,748,910 Mil. Meritz Financial Group's Total Assets for the quarter that ended in Jun. 2024 was ₩104,854,282 Mil. Therefore, Meritz Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.24.

Meritz 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.

Meritz Financial Group'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 )
=	(97307740.388	-	74875171.268)	/	88977399.37
=	0.25

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	102235842.68	-	4928102.292
=	97307740.388

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	92138657.614	-	17263486.346	-	0
=	74875171.268

Meritz 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 )
=	(106953999.551	-	81748910.235)	/	104854282.432
=	0.24

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	111898329.971	-	4944330.42
=	106953999.551

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	101172943.271	-	19424033.036	-	0
=	81748910.235

* 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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Meritz Financial Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Yeoksam-dong 825-2, Gangnam-gu, Seoul, KOR, 135-934

Website

http://www.meritzgroup.com

Meritz Financial Group is a Korea-based asset management company. Through its subsidiaries such as Meritz Fire & Marine Insurance CO, it is engaged in the property and casualty insurance business. Its other subsidiaries are engaged in the securities brokerage business and finance investment business, provision of integrated computer system services and credit finance services.