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PHX Energy Services (PHX Energy Services) Scaled Net Operating Assets : 0.65 (As of Mar. 2024)


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What is PHX Energy Services 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.

PHX Energy Services's operating assets for the quarter that ended in Mar. 2024 was $288.1 Mil. PHX Energy Services's operating liabilities for the quarter that ended in Mar. 2024 was $100.9 Mil. PHX Energy Services's Total Assets for the quarter that ended in Dec. 2023 was $287.3 Mil. Therefore, PHX Energy Services's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.65.

PHX Energy Services Scaled Net Operating Assets Historical Data

The historical data trend for PHX Energy Services's Scaled Net Operating Assets can be seen below:

* 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.

* Premium members only.

PHX Energy Services Scaled Net Operating Assets Chart

PHX Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.54 0.67 0.79 0.64

PHX Energy Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.65 0.63 0.63 0.65

Competitive Comparison of PHX Energy Services's Scaled Net Operating Assets

For the Oil & Gas Drilling subindustry, PHX Energy Services's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PHX Energy Services's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PHX Energy Services's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PHX Energy Services's Scaled Net Operating Assets falls into.


PHX Energy Services 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.

PHX Energy Services'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 )
=(275.09-97.462)/276.205
=0.64

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=287.339 - 12.249
=275.09

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=130.833 - 30.96 - 2.411
=97.462

PHX Energy Services'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 )
=(288.135-100.876)/287.339
=0.65

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=298.02 - 9.885
=288.135

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=133.784 - 30.414 - 2.494
=100.876

* 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.

PHX Energy Services Scaled Net Operating Assets Related Terms

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PHX Energy Services (PHX Energy Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (OTCPK:PHXHF) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
PHX:Canada
Address
250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1
Website
https://www.phxtech.com
PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.