Axos Financial (FRA:BB4) Scaled Net Operating Assets : 0.01 (As of Mar. 2024)

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What is Axos Financial 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.

Axos Financial's operating assets for the quarter that ended in Mar. 2024 was €18,680 Mil. Axos Financial's operating liabilities for the quarter that ended in Mar. 2024 was €18,423 Mil. Axos Financial's Total Assets for the quarter that ended in Dec. 2023 was €19,829 Mil. Therefore, Axos Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.01.

Axos Financial 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.

Axos Financial'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 )
=	(16720.553	-	16595.107)	/	16461.502
=	0.01

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18781.637	-	2061.084
=	16720.553

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17012.099	-	416.992	-	0
=	16595.107

Axos Financial'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 )
=	(18680.397	-	18423.415)	/	19828.992
=	0.01

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20830.762	-	2150.365
=	18680.397

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	18810.173	-	386.758	-	0
=	18423.415

* 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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Axos Financial (FRA:BB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Axos Financial Inc (FRA:BB4) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

AX:USA

Address

9205 West Russell Road, Suite 400, Las Vegas, NV, USA, 89148

Website

https://www.axosfinancial.com

Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking and securities business. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.