Legal & General Group (LSE:LGEN) Scaled Net Operating Assets : -0.02 (As of Dec. 2023)

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What is Legal & General 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.

Legal & General Group's operating assets for the quarter that ended in Dec. 2023 was £499,560 Mil. Legal & General Group's operating liabilities for the quarter that ended in Dec. 2023 was £511,191 Mil. Legal & General Group's Total Assets for the quarter that ended in Jun. 2023 was £499,771 Mil. Therefore, Legal & General Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.02.

Legal & General 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.

Legal & General 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 )
=	(501582	-	511191)	/	513270
=	-0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	522095	-	20513
=	501582

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	517311	-	5851	-	269
=	511191

Legal & General Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(499560	-	511191)	/	499771
=	-0.02

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	522095	-	22535
=	499560

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	517311	-	5851	-	269
=	511191

* 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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Legal & General Group (LSE:LGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (LSE:LGEN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

LGGNY:USA LGGNF:USA LGENl:UK LGI:Germany LGI:Germany

Address

One Coleman Street, London, GBR, EC2R 5AA

Website

https://www.legalandgeneralgroup.com

Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and insurance. The retirement business provides provide guaranteed retirement income for corporate pension scheme members. Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment use customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Insurance business provides various types of insurance, including life and disability insurance. The company has a global presence but most of its assets under management are derived from the United Kingdom and Europe.