Industrial Bank of Korea (XKRX:024110) Scaled Net Operating Assets : 0.54 (As of Mar. 2024)

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What is Industrial Bank of Korea 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.

Industrial Bank of Korea's operating assets for the quarter that ended in Mar. 2024 was ₩433,627,433 Mil. Industrial Bank of Korea's operating liabilities for the quarter that ended in Mar. 2024 was ₩191,149,144 Mil. Industrial Bank of Korea's Total Assets for the quarter that ended in Dec. 2023 was ₩448,427,279 Mil. Therefore, Industrial Bank of Korea's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.54.

Industrial Bank of Korea 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.

Industrial Bank of Korea'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 )
=	(420093687	-	189857675)	/	431186338
=	0.53

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	448427279	-	28333592
=	420093687

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	416610518	-	226752843	-	0
=	189857675

Industrial Bank of Korea'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 )
=	(433627433	-	191149144)	/	448427279
=	0.54

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	453377431	-	19749998
=	433627433

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	421389767	-	230240623	-	0
=	191149144

* 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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Industrial Bank of Korea (XKRX:024110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial Bank of Korea (XKRX:024110) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

50 Euljiro 2-Ga, Joong-Gu, Seoul, KOR, 100-758

Website

https://www.ibk.co.kr

Industrial Bank of Korea is a financial institution domiciled in Korea. The company principally earns revenue from interest income. The bank organises itself into seven segments: retail, corporate, money market, investment banking, credit card, foreign exchange, and others. Corporate banking operations represent more than half consolidated revenue, with retail banking operations the next most significant segment. The vast majority of revenue is derived domestically. The Republic of Korea is a majority shareholder in Industrial Bank of Korea.