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Nano Magic (Nano Magic) Scaled Net Operating Assets : 0.47 (As of Mar. 2024)


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What is Nano Magic 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.

Nano Magic's operating assets for the quarter that ended in Mar. 2024 was $2.67 Mil. Nano Magic's operating liabilities for the quarter that ended in Mar. 2024 was $1.01 Mil. Nano Magic's Total Assets for the quarter that ended in Dec. 2023 was $3.52 Mil. Therefore, Nano Magic's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.47.


Nano Magic Scaled Net Operating Assets Historical Data

The historical data trend for Nano Magic'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.

Nano Magic Scaled Net Operating Assets Chart

Nano Magic 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 -0.14 2.09 0.60 0.65 0.50

Nano Magic 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 0.58 0.63 0.59 0.59 0.47

Competitive Comparison of Nano Magic's Scaled Net Operating Assets

For the Specialty Chemicals subindustry, Nano Magic'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.


Nano Magic's Scaled Net Operating Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nano Magic's Scaled Net Operating Assets distribution charts can be found below:

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



Nano Magic 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.

Nano Magic'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 )
=(2.988-0.936)/4.091
=0.50

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3.515 - 0.527
=2.988

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.205 - 0.961 - 0.308
=0.936

Nano Magic'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 )
=(2.669-1.006)/3.515
=0.47

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.858 - 0.189
=2.669

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.231 - 0.667 - 0.558
=1.006

* 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.


Nano Magic Scaled Net Operating Assets Related Terms

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Nano Magic (Nano Magic) Business Description

Traded in Other Exchanges
N/A
Address
31601 Research Park Drive, Madison Heights, MI, USA, 48071
Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces.
Executives
Scott E. Rickert director, 10 percent owner, officer: CEO, President & Chairman 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Jeanne M Rickert director, officer: Chief Legal Officer 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Ronald J Berman director 701 BRICKELL AVENUE, SUITE 1550, MIAMI FL 33131
Raymond William Gunn director 56420 NEWPORT DRIVE, SHELBY TOWNSHIP MI 48316
David M Sherbin director 4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323
Miles Geoffrey Gatland director 1110 ISLAND DRIVE, COMMERCE TOWNSHIP MI 48382
Lara O'connor Hodgson director 8 HABERSHAM PARK, ATLANTA GA 30305
Magic Growth 2 Llc 10 percent owner 31601 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Magic Growth Llc 10 percent owner 750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Tom J. Berman director, officer: President 750 DENISON COURT, BLOOMFIELD HILLS MI 48302
John Todd Lunsford director 4971 CHERRY BLOSSOM CIRCLE, WEST BLOOMFIELD MI 48324
Leandro Vera officer: CFO 11271 N ROCKING R RD., HAYDEN ID 83835
Jacqueline M Soptick officer: Chief Accounting Officer 3006 LONGHORN BLVD, STE 107, AUSTIN TX 78732
Pen Comeback 2, Llc 10 percent owner 750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Pen Comeback, Llc 10 percent owner 750 DENISON COURT, BLOOMFIELD HILLS MI 48302

Nano Magic (Nano Magic) Headlines