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Ally Financial (STU:GMZ) Scaled Net Operating Assets : 0.01 (As of Mar. 2024)


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What is Ally 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.

Ally Financial's operating assets for the quarter that ended in Mar. 2024 was €151,549 Mil. Ally Financial's operating liabilities for the quarter that ended in Mar. 2024 was €149,122 Mil. Ally Financial's Total Assets for the quarter that ended in Dec. 2023 was €180,091 Mil. Therefore, Ally Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.01.

Ally 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.

Ally Financial'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 )
=(173722.899-148914.381)/181083.744
=0.14

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=180091.464 - 6368.565
=173722.899

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=167468.042 - 16215.311 - 2338.35
=148914.381

Ally Financial'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 )
=(151548.84-149121.88)/180091.464
=0.01

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=177446.84 - 25898
=151548.84

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=164882.4 - 11552.44 - 4208.08
=149121.88

* 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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Ally Financial (STU:GMZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ally Financial Inc (STU:GMZ) » Definitions » Scaled Net Operating Assets
Comparable Companies
SOFI OBDC CACC FCFS OMF WU NNI SLM SYF QFIN V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
ALLY:USA ALLY1:Mexico GMZ:Germany
Address
500 Woodward Avenue, Floor 10, Ally Detroit Center, Detroit, MI, USA, 48226
Website
https://www.ally.com
Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, personal loans, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.