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Uniteds (TSX:UNC) Scaled Net Operating Assets : 1.04 (As of Dec. 2023)


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What is Uniteds 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.

Uniteds's operating assets for the quarter that ended in Dec. 2023 was C$2,103.4 Mil. Uniteds's operating liabilities for the quarter that ended in Dec. 2023 was C$58.2 Mil. Uniteds's Total Assets for the quarter that ended in Sep. 2023 was C$1,969.4 Mil. Therefore, Uniteds's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 1.04.

Uniteds 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.

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

Scaled Net Operating Assets (SNOA)(A: Mar. 2023 )
=(Operating Assets (A: Mar. 2023 )-Operating Liabilities (A: Mar. 2023 ))/Total Assets (A: Mar. 2022 )
=(1885.412-40.071)/2051.47
=0.90

where

Operating Assets(A: Mar. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1951.85 - 66.438
=1885.412

Operating Liabilities(A: Mar. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40.071 - 0 - 0
=40.071

Uniteds'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: Sep. 2023 )
=(2103.444-58.205)/1969.439
=1.04

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2137.259 - 33.815
=2103.444

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.205 - 40 - 0
=58.205

* 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.

Uniteds Scaled Net Operating Assets Related Terms

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Uniteds (TSX:UNC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Corporations Ltd (TSX:UNC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8
Website
https://www.ucorp.ca
United Corporations Ltd is a closed-end investment company. Its investment objective is to earn an above average rate of return through long-term capital appreciation and dividend income. The investment portfolio of the company comprises mainly foreign equities. It seeks long-term growth through investments in common equities cause management believes that in the long-term common equities will outperform fixed income instruments or balanced funds. The company invests primarily in United States, Europe, Asia, Canada, Australia, and Mexico.