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Fair Oaksome (LSE:FAIR) Scaled Net Operating Assets : 0.84 (As of Dec. 2023)


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What is Fair Oaksome 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.

Fair Oaksome's operating assets for the quarter that ended in Dec. 2023 was $221.06 Mil. Fair Oaksome's operating liabilities for the quarter that ended in Dec. 2023 was $2.29 Mil. Fair Oaksome's Total Assets for the quarter that ended in Jun. 2023 was $260.65 Mil. Therefore, Fair Oaksome's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.84.

Fair Oaksome 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.

Fair Oaksome'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 )
=(221.06-2.29)/262.941
=0.83

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=246.23 - 25.17
=221.06

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.29 - 0 - 0
=2.29

Fair Oaksome'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 )
=(221.06-2.29)/260.648
=0.84

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=246.23 - 25.17
=221.06

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.29 - 0 - 0
=2.29

* 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.

Fair Oaksome Scaled Net Operating Assets Related Terms

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Fair Oaksome (LSE:FAIR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fair Oaks Income Ltd (LSE:FAIR) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
FA17:UK
Address
1 Royal Plaza, Royal Avenue, St Peter Port, GGY, GY1 2HL
Website
https://www.fairoaksincome.com
Fair Oaks Income Ltd is a closed-ended fund. The investment objective of the company is to generate attractive, risk-adjusted returns, principally through income distributions. The company invests (either directly and/or indirectly through the Master Fund and/ or Master Fund II) in U.S and European Collateralised Loan Obligations (CLOs) or other vehicles and structures which provide exposure to portfolios consisting of the U.S and European floating-rate senior secured loans and which may include non-recourse financing. If the Company holds any uninvested cash, It may also invest temporarily in the Short Term Investments.