Turners Automotive Group (NZSE:TRA) Scaled Net Operating Assets : 0.83 (As of Sep. 2023)

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What is Turners Automotive 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.

Turners Automotive Group's operating assets for the quarter that ended in Sep. 2023 was NZ$840.2 Mil. Turners Automotive Group's operating liabilities for the quarter that ended in Sep. 2023 was NZ$130.2 Mil. Turners Automotive Group's Total Assets for the quarter that ended in Mar. 2023 was NZ$851.9 Mil. Therefore, Turners Automotive Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.83.

Turners Automotive Group Scaled Net Operating Assets Historical Data

The historical data trend for Turners Automotive 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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Turners Automotive Group Scaled Net Operating Assets Chart

Turners Automotive Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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0.70

0.57

0.73

0.85

0.77

Turners Automotive Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.88	0.80	1.38	0.74	0.83

Competitive Comparison of Turners Automotive Group's Scaled Net Operating Assets

For the Auto & Truck Dealerships subindustry, Turners Automotive 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.

Turners Automotive Group's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Automotive Group's Scaled Net Operating Assets distribution charts can be found below:

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

Turners Automotive 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.

Turners Automotive Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(773.136	-	140.536)	/	825.693
=	0.77

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	851.941	-	78.805
=	773.136

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	579.691	-	0	-	439.155
=	140.536

Turners Automotive Group'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: Mar. 2023 )
=	(840.239	-	130.231)	/	851.941
=	0.83

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	852.878	-	12.639
=	840.239

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	573.235	-	0	-	443.004
=	130.231

Turners Automotive Group Scaled Net Operating Assets Related Terms

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Turners Automotive Group (NZSE:TRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (NZSE:TRA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

TRA:Australia

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

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