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Great Ajax (Great Ajax) Scaled Net Operating Assets : 0.18 (As of Mar. 2024)


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What is Great Ajax 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.

Great Ajax's operating assets for the quarter that ended in Mar. 2024 was $1,019.28 Mil. Great Ajax's operating liabilities for the quarter that ended in Mar. 2024 was $777.64 Mil. Great Ajax's Total Assets for the quarter that ended in Dec. 2023 was $1,336.29 Mil. Therefore, Great Ajax's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.18.

Great Ajax 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.

Great Ajax'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 )
=(1283.457-815.036)/1484.426
=0.32

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1336.291 - 52.834
=1283.457

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1025.396 - 210.36 - 0
=815.036

Great Ajax'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 )
=(1019.275-777.644)/1336.291
=0.18

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1244.455 - 225.18
=1019.275

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=988.219 - 210.575 - 0
=777.644

* 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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Great Ajax (Great Ajax) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Great Ajax Corp (NYSE:AJX) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
45R:Germany
Address
13190 SW 68th Parkway, Suite 110, Tigard, OR, USA, 97223
Website
https://www.greatajax.com
Great Ajax Corp is an externally managed real estate company. The company's primary business is acquiring, investing in and managing a portfolio of mortgage loans. It primarily targets acquisitions of re-performing loans (RPLs) including residential mortgage loans and small balance commercial mortgage loans (SBC loans). Great Ajax operates in a single segment. The company also holds real-estate owned (REO) properties acquired upon the foreclosure, other settlement of owned non-performing loans.
Executives
Mary B Doyle officer: Chief Financial Officer 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Mary Haggerty director 13190 SW 68TH PARKWAY, SUITE 110, TIGARD OR 97223
Russell Schaub director, officer: PRESIDENT 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Lawrence Mendelsohn director, officer: CHIEF EXECUTIVE OFFICER
Magnetar Financial Llc 10 percent owner 1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Magnetar Capital Partners Lp 10 percent owner 1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Supernova Management Llc 10 percent owner 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Alec N Litowitz 10 percent owner C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Paul M Friedman director 11 DEERFIELD LANE, SCARSDALE NY 10583
Ogren John Kirk Jr director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
John C Condas director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Handley Jonathan Bradford Jr director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Daniel Jay Hoffman director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Glenn J Ohl officer: CHIEF FINANCIAL OFFICER 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Luxor Capital Group, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036