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ForteBank JSC (XKAZ:ASBN) Scaled Net Operating Assets : -0.01 (As of Mar. 2024)


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What is ForteBank JSC 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.

ForteBank JSC's operating assets for the quarter that ended in Mar. 2024 was ₸2,715,494 Mil. ForteBank JSC's operating liabilities for the quarter that ended in Mar. 2024 was ₸2,738,725 Mil. ForteBank JSC's Total Assets for the quarter that ended in Dec. 2023 was ₸3,253,175 Mil. Therefore, ForteBank JSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.01.

ForteBank JSC 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.

ForteBank JSC'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 )
=(2638021-2471729)/2789386
=0.06

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3253175 - 615154
=2638021

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2823367 - 351638 - 0
=2471729

ForteBank JSC'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 )
=(2715494-2738725)/3253175
=-0.01

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3585259 - 869765
=2715494

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3105327 - 366602 - 0
=2738725

* 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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ForteBank JSC (XKAZ:ASBN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ForteBank JSC (XKAZ:ASBN) » Definitions » Scaled Net Operating Assets
Comparable Companies
XKAZ:CCBN NSE:HDFCBANK SHSE:600036 SAU:1120 NSE:ICICIBANK XPAR:BNP ISX:BBCA NSE:SBIN USB MIC:SBER SGX:D05 BSP:ITUB3 PNC SAU:1180 HKSE:01658 ISX:BBRI MIL:ISP TFC SHSE:601166 MIL:UCG
Traded in Other Exchanges
N/A
Address
Dostyk Street, 8/1, Astana, KAZ, 010017
Website
https://www.forte.bank
ForteBank JSC is a commercial bank based in Kazakhstan. It is a result of the merger of OJSC Semipalatinsk Municipal Joint Stock Bank and OJSC Irtyshbusinessbank. ForteBank's core services involve the provision of banking services to individuals and corporates. Its customers can also avail insurance coverage for deposits, depending upon a number of deposits. The group's primary business is related to commercial banking activities, granting of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, transferring cash payments, as well as providing other banking services.