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Velocity Financial (Velocity Financial) Scaled Net Operating Assets : 1.01 (As of Mar. 2024)


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What is Velocity 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.

Velocity Financial's operating assets for the quarter that ended in Mar. 2024 was $4,593.4 Mil. Velocity Financial's operating liabilities for the quarter that ended in Mar. 2024 was $124.0 Mil. Velocity Financial's Total Assets for the quarter that ended in Dec. 2023 was $4,404.6 Mil. Therefore, Velocity Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 1.01.

Velocity 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.

Velocity Financial'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 )
=(4363.817-125.634)/3748.975
=1.13

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4404.573 - 40.756
=4363.817

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3967.7 - 3507.311 - 334.755
=125.634

Velocity 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 )
=(4593.389-123.988)/4404.573
=1.01

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4628.218 - 34.829
=4593.389

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4171.766 - 3687.562 - 360.216
=123.988

* 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.

Velocity Financial Scaled Net Operating Assets Related Terms

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Velocity Financial (Velocity Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Velocity Financial Inc (NYSE:VEL) » Definitions » Scaled Net Operating Assets
Comparable Companies
GHI BETR FMCC UWMC LDI OCN CNF SNFCA GHLD IOR COOP PFSI NSE:LICHSGFIN NSE:PNBHOUSING WD BOM:543335 TSX:FN BOM:541988 LSE:OSB LSE:PAG
Traded in Other Exchanges
N/A
Address
30699 Russell Ranch Road, Suite 295, Westlake Village, CA, USA, 91362
Website
https://www.velfinance.com
Velocity Financial Inc is a United States-based real estate finance company. The company primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.
Executives
Omar Maasarani director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
John Pitstick director 30699 RUSSELL RANCH ROAD, SUITE 250, WESTLAKE VILLAGE CA 91362
Fiona Tam officer: Chief Accounting Officer 30699 RUSSELL RANCH RD, STE. 295, WESTLAKE VILLAGE CA 91362
Lvs Iii Holding Lp director, 10 percent owner C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Tobi Iii Spe I Llc director, 10 percent owner C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Pacific Investment Management Co Llc director, 10 percent owner 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Katherine Verner director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Michael Chiao director 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Roland Thomas Kelly officer: General Counsel 1551 CALLE PATRICIA, PACIFIC PALISADES CA 90272
Jeffrey T. Taylor officer: See Remarks 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher D. Farrar director, officer: Chief Executive Officer 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Dorika M Beckett director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Mark R Szczepaniak officer: Chief Financial Officer C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher J Oltmann officer: Chief Accounting Officer C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Graham M Comley officer: See Remarks C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362