JPMorgan US Smaller IT (LSE:JUSC) Scaled Net Operating Assets : 0.96 (As of Dec. 2023)

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What is JPMorgan US Smaller IT 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.

JPMorgan US Smaller IT's operating assets for the quarter that ended in Dec. 2023 was £284.29 Mil. JPMorgan US Smaller IT's operating liabilities for the quarter that ended in Dec. 2023 was £0.27 Mil. JPMorgan US Smaller IT's Total Assets for the quarter that ended in Jun. 2023 was £296.66 Mil. Therefore, JPMorgan US Smaller IT's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.96.

JPMorgan US Smaller IT 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.

JPMorgan US Smaller IT'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 )
=	(284.294	-	0.273)	/	298.78
=	0.95

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	303.531	-	19.237
=	284.294

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23.806	-	23.533	-	0
=	0.273

JPMorgan US Smaller IT'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 )
=	(284.294	-	0.273)	/	296.658
=	0.96

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	303.531	-	19.237
=	284.294

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	23.806	-	23.533	-	0
=	0.273

* 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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JPMorgan US Smaller IT (LSE:JUSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan US Smaller Companies IT PLC (LSE:JUSC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.jpmussmallercompanies.co.uk

JPMorgan US Smaller Companies IT PLC is a UK-based investment company. It aims to achieve capital growth from investing in the US smaller companies. The company invests in a diversified portfolio and employs a manager with a strong focus on research and identifying the most attractive stocks in the us smaller companies universe. It reviews its performance against the Russell 2000 Index total return with net dividends reinvested, expressed in sterling terms which represent smaller companies' index and is rebalanced annually to represent the bottom 10% by market capitalization of all quoted companies in the us.