Noble Iron (TSXV:NIR.H) Scaled Net Operating Assets : -0.19 (As of Dec. 2023)

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What is Noble Iron 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.

Noble Iron's operating assets for the quarter that ended in Dec. 2023 was C$0.06 Mil. Noble Iron's operating liabilities for the quarter that ended in Dec. 2023 was C$0.33 Mil. Noble Iron's Total Assets for the quarter that ended in Sep. 2023 was C$1.42 Mil. Therefore, Noble Iron's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.19.

Noble Iron Scaled Net Operating Assets Historical Data

The historical data trend for Noble Iron'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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Noble Iron Scaled Net Operating Assets Chart

Noble Iron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.06

-0.03

-0.02

0.31

-0.02

Noble Iron 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															0.05	-0.16	-0.06	-0.03	-0.19

Competitive Comparison of Noble Iron's Scaled Net Operating Assets

For the Software - Application subindustry, Noble Iron'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.

Noble Iron's Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, Noble Iron's Scaled Net Operating Assets distribution charts can be found below:

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

Noble Iron 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.

Noble Iron'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 )
=	(0.063	-	0.332)	/	11.751
=	-0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.342	-	1.279
=	0.063

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.332	-	0	-	0
=	0.332

Noble Iron's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(0.063	-	0.332)	/	1.419
=	-0.19

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.342	-	1.279
=	0.063

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.332	-	0	-	0
=	0.332

Noble Iron Scaled Net Operating Assets Related Terms

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Noble Iron (TSXV:NIR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Noble Iron Inc (TSXV:NIR.H) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

N/A

Address

7-871 Victoria Street North, Suite 330, Kitchener, ON, CAN, N2B 3S4

Website

http://www.nobleiron.com

Noble Iron Inc operates in equipment rental, equipment distribution, and enterprise asset management software for the construction and industrial equipment industry. The firm's software division operates under the name "Texada Software". Texada Software develops software applications to manage the complete equipment ownership lifecycle: from equipment purchasing, rental and sales transactions, inventory management, maintenance, and depreciation tracking through to used equipment sales, disposal, and inventory replenishment. Texada Software offers in the cloud or client-based software and is scalable to meet the needs of any equipment rental company, dealership, construction company, contractor, and any customer who owns or uses construction or industrial equipment.

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