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Tower (XPTY:TOWC) Scaled Net Operating Assets : 0.12 (As of Dec. 2023)


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What is Tower 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.

Tower's operating assets for the quarter that ended in Dec. 2023 was $928.19 Mil. Tower's operating liabilities for the quarter that ended in Dec. 2023 was $816.02 Mil. Tower's Total Assets for the quarter that ended in Sep. 2023 was $946.96 Mil. Therefore, Tower's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.12.

Tower 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.

Tower'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 )
=(928.187-816.024)/995.251
=0.11

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=983.005 - 54.818
=928.187

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=872.529 - 56.505 - 0
=816.024

Tower's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(928.187-816.024)/946.955
=0.12

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=983.005 - 54.818
=928.187

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=872.529 - 56.505 - 0
=816.024

* 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.

Tower Scaled Net Operating Assets Related Terms

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Tower (XPTY:TOWC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tower Corp (XPTY:TOWC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
Calle 50 and Elvira Mendez, Tower Building Financial Center, Panama, PAN
Website
https://www.towerbank.com
Tower Corp together with its subsidiaries is involved in providing personal, corporate, and investment banking services. The company offers checking, savings, and investment accounts; certificates of deposit; commercial and residential mortgage loans; lines of credit for small and medium businesses; and safe deposit boxes among other services.