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Parke Bancorp (FRA:PAV) Scaled Net Operating Assets : 0.12 (As of Mar. 2024)


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What is Parke Bancorp 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.

Parke Bancorp's operating assets for the quarter that ended in Mar. 2024 was €1,684.83 Mil. Parke Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was €1,455.93 Mil. Parke Bancorp's Total Assets for the quarter that ended in Dec. 2023 was €1,855.55 Mil. Therefore, Parke Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.12.

Parke Bancorp 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.

Parke Bancorp'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 )
=(1690.144-1440.673)/1873.76
=0.13

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1855.549 - 165.405
=1690.144

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1594.831 - 154.158 - 0
=1440.673

Parke Bancorp'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 )
=(1684.832-1455.927)/1855.549
=0.12

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1848.347 - 163.515
=1684.832

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1583.032 - 127.105 - 0
=1455.927

* 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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Parke Bancorp (FRA:PAV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Parke Bancorp Inc (FRA:PAV) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
PKBK:USA
Address
601 Delsea Drive, Washington Township, NJ, USA, 08080
Website
https://www.parkebank.com
Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.