Absa Group (Absa Group) Scaled Net Operating Assets : 0.16 (As of Jun. 2023)

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What is Absa 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.

Absa Group's operating assets for the quarter that ended in Jun. 2023 was $96,643 Mil. Absa Group's operating liabilities for the quarter that ended in Jun. 2023 was $80,269 Mil. Absa Group's Total Assets for the quarter that ended in Dec. 2022 was $103,773 Mil. Therefore, Absa Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.16.

Absa 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.

Absa Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(99885.532	-	81493.866)	/	103169.725
=	0.18

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	103773.206	-	3887.674
=	99885.532

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	94916.262	-	13422.396	-	0
=	81493.866

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

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2023 )
=	(Operating Assets (Q: Jun. 2023 )	-	Operating Liabilities (Q: Jun. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(96642.535	-	80268.501)	/	103773.206
=	0.16

where

	Operating Assets		(Q: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	101272.886	-	4630.351
=	96642.535

	Operating Liabilities		(Q: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	92736.919	-	12468.418	-	0
=	80268.501

* 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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Absa Group (Absa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (OTCPK:AGRPY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

ABG:South Africa AGRPF:USA AU61:Germany

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.