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Banca Ifis (LTS:0NBX) Scaled Net Operating Assets : 0.29 (As of Mar. 2024)


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What is Banca Ifis 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.

Banca Ifis's operating assets for the quarter that ended in Mar. 2024 was €12,469.6 Mil. Banca Ifis's operating liabilities for the quarter that ended in Mar. 2024 was €8,373.4 Mil. Banca Ifis's Total Assets for the quarter that ended in Dec. 2023 was €14,051.4 Mil. Therefore, Banca Ifis's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.29.

Banca Ifis 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.

Banca Ifis'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 )
=(13167.531-8601.827)/13262.377
=0.34

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=14051.361 - 883.83
=13167.531

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12357.662 - 3755.835 - 0
=8601.827

Banca Ifis'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 )
=(12469.641-8373.403)/14051.361
=0.29

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13654.095 - 1184.454
=12469.641

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11912.437 - 3539.034 - 0
=8373.403

* 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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Banca Ifis (LTS:0NBX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Ifis (LTS:0NBX) » Definitions » Scaled Net Operating Assets
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MIL:BDB MIL:ILTY MIL:DOV MIL:PRO MIL:BST MIL:CE MIL:BPSO MIL:BGN NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP USB MIL:UCG
Traded in Other Exchanges
IF:Italy 0I6:Germany
Address
Via Terraglio, 63, Mestre, Venice, ITA, 30174
Website
https://www.bancaifis.it
Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The group's earning assets are split nearly evenly between loans to customers and debt and equity securities available for sale. The group's net revenue is net interest income.