Formula Systems (1985) (Formula Systems (1985)) Scaled Net Operating Assets : 0.53 (As of Sep. 2023)

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What is Formula Systems (1985) 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.

Formula Systems (1985)'s operating assets for the quarter that ended in Sep. 2023 was $2,188 Mil. Formula Systems (1985)'s operating liabilities for the quarter that ended in Sep. 2023 was $736 Mil. Formula Systems (1985)'s Total Assets for the quarter that ended in Jun. 2023 was $2,726 Mil. Therefore, Formula Systems (1985)'s scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.53.

Formula Systems (1985) Scaled Net Operating Assets Historical Data

The historical data trend for Formula Systems (1985)'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.

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Formula Systems (1985) Scaled Net Operating Assets Chart

Formula Systems (1985) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.66

0.60

0.55

0.50

0.52

Formula Systems (1985) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.51	0.51	0.54	0.53	0.55

Competitive Comparison of Formula Systems (1985)'s Scaled Net Operating Assets

For the Information Technology Services subindustry, Formula Systems (1985)'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.

Formula Systems (1985)'s Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, Formula Systems (1985)'s Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Formula Systems (1985)'s Scaled Net Operating Assets falls into.

Formula Systems (1985) 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.

Formula Systems (1985)'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(2224.899	-	844.889)	/	2748.566
=	0.50

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2793.955	-	569.056
=	2224.899

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1617.033	-	500.472	-	271.672
=	844.889

Formula Systems (1985)'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(2187.855	-	735.961)	/	2726.425
=	0.53

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2656.965	-	469.11
=	2187.855

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1430.418	-	418.291	-	276.166
=	735.961

Formula Systems (1985) Scaled Net Operating Assets Related Terms

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Formula Systems (1985) (Formula Systems (1985)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Formula Systems (1985) Ltd (NAS:FORTY) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

FORTY:Israel FSY:Germany FSY:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501

Website

https://www.formulasystems.com

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.