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The European Smaller Trust (LSE:ESCT) Scaled Net Operating Assets : 1.02 (As of Dec. 2023)


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What is The European Smaller Trust 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.

The European Smaller Trust's operating assets for the quarter that ended in Dec. 2023 was £861.54 Mil. The European Smaller Trust's operating liabilities for the quarter that ended in Dec. 2023 was £3.32 Mil. The European Smaller Trust's Total Assets for the quarter that ended in Jun. 2023 was £843.07 Mil. Therefore, The European Smaller Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 1.02.

The European Smaller Trust 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.

The European Smaller Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2023 )
=(Operating Assets (A: Jun. 2023 )-Operating Liabilities (A: Jun. 2023 ))/Total Assets (A: Jun. 2022 )
=(843.067-10.411)/732.438
=1.14

where

Operating Assets(A: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=843.069 - 0.002
=843.067

Operating Liabilities(A: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=104.427 - 94.016 - 0
=10.411

The European Smaller Trust'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: Jun. 2023 )
=(861.542-3.319)/843.069
=1.02

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=861.807 - 0.265
=861.542

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=104.031 - 100.712 - 0
=3.319

* 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.

The European Smaller Trust Scaled Net Operating Assets Related Terms

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The European Smaller Trust (LSE:ESCT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The European Smaller Companies Trust PLC (LSE:ESCT) » Definitions » Scaled Net Operating Assets
Comparable Companies
LSE:BRSC LSE:BGFD LSE:JEDT LSE:JLEN LSE:SOI LSE:JII LSE:GRID LSE:GCP LSE:PEY LSE:TMPL BLK BX KKR OSTO:INVE A TSX:BN APO BK AMP XSWX:PGHN OSTO:EQT
Traded in Other Exchanges
ESCTl:UK
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Website
https://www.janushenderson.com
The European Smaller Companies Trust PLC, formerly TR European Growth Trust PLC is a United Kingdom-based investment company. Its investment objective is to achieve capital growth by investing predominantly in smaller and medium sized companies in Europe. According to its investment strategy, it maintains a diversified portfolio of equities and other investments for the long term. Its portfolio includes industrial goods, technology, financials, business providers, basic materials, consumer goods, retail providers and natural resource sectors.