Oconee Federal Financial (Oconee Federal Financial) Scaled Net Operating Assets : -0.02 (As of Sep. 2023)

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What is Oconee Federal Financial 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.

Oconee Federal Financial's operating assets for the quarter that ended in Sep. 2023 was $461.71 Mil. Oconee Federal Financial's operating liabilities for the quarter that ended in Sep. 2023 was $475.64 Mil. Oconee Federal Financial's Total Assets for the quarter that ended in Mar. 2023 was $588.15 Mil. Therefore, Oconee Federal Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was -0.02.

Oconee Federal Financial 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.

Oconee Federal Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2022 )
=	(Operating Assets (A: Jun. 2022 )	-	Operating Liabilities (A: Jun. 2022 ))	/	Total Assets (A: Jun. 2021 )
=	(535.059	-	460.535)	/	543.716
=	0.14

where

	Operating Assets		(A: Jun. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	544.792	-	9.733
=	535.059

	Operating Liabilities		(A: Jun. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	469.535	-	9	-	0
=	460.535

Oconee Federal Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(461.708	-	475.635)	/	588.146
=	-0.02

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	592.202	-	130.494
=	461.708

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	525.835	-	50.2	-	0
=	475.635

* 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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Oconee Federal Financial (Oconee Federal Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oconee Federal Financial Corp (OTCPK:OFED) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 East North Second Street, Seneca, SC, USA, 29678

Website

https://www.oconeefederal.com

Oconee Federal Financial Corp is a United States-based stock holding company. The company through its subsidiaries provides banking products and services in the us states of South Carolina and Georgia. Its principal business activity involves attracting retail deposits from the public and investing those deposits, together with funds generated from operations, in one-to-four family residential mortgage loans and, to a lesser extent, non-residential mortgage, construction and land, agricultural, and other loans.

Executives

Curtis T Evatt	director, officer: EVP and CFO	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Charles Todd Latiff	officer: Senior Vice President	201 EAST NORTH SECOND STREET, SENECA SC 29678
David H Stafford	officer: SVP and COO	201 E. NORTH SECOND STREET, SENECA SC 29678
John William Hobbs	officer: SVP and CFO	6650 CALHOUN MEMORIAL HWY, EASLEY SC 29640
H Allen Salter	officer: SVP and CFO	C/O OCONEE FEDERAL FINANCIAL CORP., 201 EAST NORTH SECOND STREET, SENECA SC 29678
Sandifer Cecil T Jr.	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
T. Rhett Evatt	director, officer: President and CEO	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Mays Harry B Jr.	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Mclellan Robert N Jr.	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
W. Maurice Poore	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Nancy M Carter	officer: Senior VP and Asst. Treasurer	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678