TFS Financial (FRA:PWT) Scaled Net Operating Assets : 0.34 (As of Mar. 2024)

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What is TFS 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.

TFS Financial's operating assets for the quarter that ended in Mar. 2024 was €14,630.4 Mil. TFS Financial's operating liabilities for the quarter that ended in Mar. 2024 was €9,318.0 Mil. TFS Financial's Total Assets for the quarter that ended in Dec. 2023 was €15,638.3 Mil. Therefore, TFS Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.34.

TFS 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(15414.805	-	9076.878)	/	15947.778
=	0.40

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15852.146	-	437.341
=	15414.805

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14046.209	-	4969.331	-	0
=	9076.878

TFS 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 )
=	(14630.433	-	9318.008)	/	15638.326
=	0.34

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	15655.778	-	1025.345
=	14630.433

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	13900.881	-	4582.873	-	0
=	9318.008

* 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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TFS Financial (FRA:PWT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TFSL:USA

Address

7007 Broadway Avenue, Cleveland, OH, USA, 44105

Website

https://www.thirdfederal.com

TFS Financial Corp is the holding company for the Third Federal Savings and Loan Association of Cleveland. The company's ownership in the savings and loan association is its primary business activity. The association's principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. It does so by offering products with competitive rates and yields. The company also operates Third Capital, a wholly owned subsidiary that serves as a holding company or as an investor in vehicles such as private equity funds. Third Capital has interests in lease transactions of commercial buildings, title agencies providing escrow and settlement services, and reinsurance of private mortgage insurance on residential loans.