Hana Financial Group (XKRX:086790) Scaled Net Operating Assets : 0.17 (As of Mar. 2024)

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What is Hana Financial Group 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.

Hana Financial Group's operating assets for the quarter that ended in Mar. 2024 was ₩566,800,091 Mil. Hana Financial Group's operating liabilities for the quarter that ended in Mar. 2024 was ₩468,083,310 Mil. Hana Financial Group's Total Assets for the quarter that ended in Dec. 2023 was ₩591,925,995 Mil. Therefore, Hana Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.17.

Hana Financial Group 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.

Hana Financial Group'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 )
=	(557445537	-	454603339)	/	568603280
=	0.18

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	591925995	-	34480458
=	557445537

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	551744278	-	97140939	-	0
=	454603339

Hana Financial Group'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 )
=	(566800091	-	468083310)	/	591925995
=	0.17

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	608890427	-	42090336
=	566800091

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	567733603	-	99650293	-	0
=	468083310

* 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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Hana Financial Group (XKRX:086790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hana Financial Group Inc (XKRX:086790) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

55 Eulji-ro Jung-gu, Seoul, KOR, 100-782

Website

http://www.hanafn.com

Hana Financial is one of Korea's four largest commercial banking groups. In commercial banking, it is a similar size to its three peers with an 11% share of loans as of 2022, but its total assets are about 20% to 25% smaller than Shinhan's and KB's owing to a smaller scale in nonbank financial businesses. This reflects Shinhan's and KB's expansion of these areas in recent years while Hana was busy integrating Korea Exchange Bank into KEB Hana Bank and replenishing its capital levels after the 2012 acquisition. The integration progressed smoothly, in our view, with Korea Exchange Bank's strength in large corporate business proving to be a good fit for the former Hana Bank's strength in retail.