Theeb Car Rental Co (SAU:4261) Scaled Net Operating Assets : 0.88 (As of Mar. 2024)

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What is Theeb Car Rental Co 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.

Theeb Car Rental Co's operating assets for the quarter that ended in Mar. 2024 was ﷼2,271 Mil. Theeb Car Rental Co's operating liabilities for the quarter that ended in Mar. 2024 was ﷼291 Mil. Theeb Car Rental Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼2,239 Mil. Therefore, Theeb Car Rental Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.88.

Theeb Car Rental Co Scaled Net Operating Assets Historical Data

The historical data trend for Theeb Car Rental Co'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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Theeb Car Rental Co Scaled Net Operating Assets Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.85

0.94

1.03

1.02

Theeb Car Rental Co Quarterly Data
	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												0.61	0.90	0.87	0.91	0.89

Competitive Comparison of Theeb Car Rental Co's Scaled Net Operating Assets

For the Rental & Leasing Services subindustry, Theeb Car Rental Co'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.

Theeb Car Rental Co's Scaled Net Operating Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Theeb Car Rental Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Theeb Car Rental Co's Scaled Net Operating Assets falls into.

Theeb Car Rental Co 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.

Theeb Car Rental Co'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 )
=	(2186.815	-	278.18)	/	1866.213
=	1.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2238.827	-	52.012
=	2186.815

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1509.151	-	610.512	-	620.459
=	278.18

Theeb Car Rental Co'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 )
=	(2271.391	-	290.663)	/	2238.827
=	0.88

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2338.285	-	66.894
=	2271.391

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1585.763	-	632.143	-	662.957
=	290.663

Theeb Car Rental Co Scaled Net Operating Assets Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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