Morses Club (Morses Club) Scaled Net Operating Assets : 0.20 (As of Aug. 2022)

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What is Morses Club 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.

Morses Club's operating assets for the quarter that ended in Aug. 2022 was $84.9 Mil. Morses Club's operating liabilities for the quarter that ended in Aug. 2022 was $57.5 Mil. Morses Club's Total Assets for the quarter that ended in Feb. 2022 was $137.5 Mil. Therefore, Morses Club's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2022 was 0.20.

Morses Club 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.

Morses Club's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Feb. 2022 )
=	(Operating Assets (A: Feb. 2022 )	-	Operating Liabilities (A: Feb. 2022 ))	/	Total Assets (A: Feb. 2021 )
=	(129.159	-	65.4)	/	128.696
=	0.50

where

	Operating Assets		(A: Feb. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	137.52	-	8.361
=	129.159

	Operating Liabilities		(A: Feb. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	93.907	-	28.507	-	0
=	65.4

Morses Club's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Aug. 2022 )
=	(Operating Assets (Q: Aug. 2022 )	-	Operating Liabilities (Q: Aug. 2022 ))	/	Total Assets (Q: Feb. 2022 )
=	(84.912	-	57.464)	/	137.52
=	0.20

where

	Operating Assets		(Q: Aug. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	94.425	-	9.513
=	84.912

	Operating Liabilities		(Q: Aug. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	75.571	-	18.107	-	0
=	57.464

* 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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Morses Club (Morses Club) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Morses Club PLC (OTCPK:MCLBF) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

1 Colliers Way, Building 1, The Phoenix Centre, Nottingham, GBR, NG8 6AT

Website

https://www.morsesclubplc.com

Morses Club PLC is a consumer finance company. It provides a range of loan products through a combination of traditional and online marketing channels. The group's segments comprise Home Collected Credit and Digital. The company offers small cash loans between and operates through a network of branches throughout the UK.