Fortitude Group (Fortitude Group) Scaled Net Operating Assets : -5.66 (As of Sep. 2010)

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What is Fortitude Group 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.

Fortitude Group's operating assets for the quarter that ended in Sep. 2010 was $0.23 Mil. Fortitude Group's operating liabilities for the quarter that ended in Sep. 2010 was $0.75 Mil. Fortitude Group's Total Assets for the quarter that ended in Jun. 2010 was $0.09 Mil. Therefore, Fortitude Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2010 was -5.66.

Fortitude Group Scaled Net Operating Assets Historical Data

The historical data trend for Fortitude Group'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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Fortitude Group Scaled Net Operating Assets Chart

Fortitude Group Annual Data

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Dec09

Scaled Net Operating Assets

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-0.07

1.17

0.12

1.18

0.49

Fortitude Group Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.54	0.50	0.49	-0.35	-5.66

Competitive Comparison of Fortitude Group's Scaled Net Operating Assets

For the Asset Management subindustry, Fortitude Group'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.

Fortitude Group's Scaled Net Operating Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fortitude Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Fortitude Group's Scaled Net Operating Assets falls into.

Fortitude Group 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.

Fortitude Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2009 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2009 )
=	(Operating Assets (A: Dec. 2009 )	-	Operating Liabilities (A: Dec. 2009 ))	/	Total Assets (A: Dec. 2008 )
=	(1.053	-	0.492)	/	1.154
=	0.49

where

	Operating Assets		(A: Dec. 2009 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.056	-	0.003
=	1.053

	Operating Liabilities		(A: Dec. 2009 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.822	-	0.255	-	0.075
=	0.492

Fortitude Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2010 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2010 )
=	(Operating Assets (Q: Sep. 2010 )	-	Operating Liabilities (Q: Sep. 2010 ))	/	Total Assets (Q: Jun. 2010 )
=	(0.226	-	0.752)	/	0.093
=	-5.66

where

	Operating Assets		(Q: Sep. 2010 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.226	-	0
=	0.226

	Operating Liabilities		(Q: Sep. 2010 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.827	-	0	-	0.075
=	0.752

Fortitude Group Scaled Net Operating Assets Related Terms

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Fortitude Group (Fortitude Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fortitude Group Inc (OTCPK:FRTD) » Definitions » Scaled Net Operating Assets

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Address

1001 State Street, Erie, PA, USA, 16501

Website

http://www.fortitudegroupinc.com

Fortitude Group Inc is a diversified investment company. It invests in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

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