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Discover Financial Services (FRA:DC7) Scaled Net Operating Assets : 0.13 (As of Mar. 2024)


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What is Discover Financial Services 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.

Discover Financial Services's operating assets for the quarter that ended in Mar. 2024 was €125,777 Mil. Discover Financial Services's operating liabilities for the quarter that ended in Mar. 2024 was €108,094 Mil. Discover Financial Services's Total Assets for the quarter that ended in Dec. 2023 was €138,946 Mil. Therefore, Discover Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.13.

Discover Financial Services 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.

Discover Financial Services'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 )
=(128230.529-105787.871)/124330.464
=0.18

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=138945.674 - 10715.145
=128230.529

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=125348.398 - 18872.777 - 687.75
=105787.871

Discover Financial Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(125776.88-108094.48)/138945.674
=0.13

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=140473.88 - 14697
=125776.88

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=126931.48 - 18837 - 0
=108094.48

* 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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Discover Financial Services (FRA:DC7) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Discover Financial Services (FRA:DC7) » Definitions » Scaled Net Operating Assets
Comparable Companies
SYF ALLY COF SOFI CACC OBDC OMF FCFS SLM WU V MA AXP PYPL BOM:500034 IST:QNBFL BOM:543257 BOM:532810 BOM:532955 XPAR:EDEN
Traded in Other Exchanges
DFS:USA
Address
2500 Lake Cook Road, Riverwoods, IL, USA, 60015
Website
https://www.discover.com
Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.