COG Financial Services (ASX:COG) Scaled Net Operating Assets : 0.49 (As of Dec. 2023)

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What is COG Financial Services 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.

COG Financial Services's operating assets for the quarter that ended in Dec. 2023 was A$387.4 Mil. COG Financial Services's operating liabilities for the quarter that ended in Dec. 2023 was A$97.8 Mil. COG Financial Services's Total Assets for the quarter that ended in Jun. 2023 was A$593.0 Mil. Therefore, COG Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.49.

COG Financial Services 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.

COG Financial Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(491.2	-	94.801)	/	518.224
=	0.76

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	592.996	-	101.796
=	491.2

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	378.526	-	77.888	-	205.837
=	94.801

COG Financial Services'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 )
=	(387.394	-	97.838)	/	592.996
=	0.49

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	557.102	-	169.708
=	387.394

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	349.565	-	61.018	-	190.709
=	97.838

* 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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COG Financial Services (ASX:COG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

72 Archer Street, Level 1, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.cogfs.com.au

COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share from investing in complementary entities and growing existing businesses that specialize in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on a range of products finance and asset types; Funds Management and Lending activities and others.