Air T (AIRT) Scaled Net Operating Assets

: 0.76 (As of Dec. 2023)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Air T's operating assets for the quarter that ended in Dec. 2023 was $158.0 Mil. Air T's operating liabilities for the quarter that ended in Dec. 2023 was $28.2 Mil. Air T's Total Assets for the quarter that ended in Sep. 2023 was $171.8 Mil. Therefore, Air T's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.76.

Air T Scaled Net Operating Assets Historical Data

The historical data trend for Air T'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.

Air T Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

0.74

1.02

0.69

1.24

0.76

Air T 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																0.79	0.74	0.81	0.74	0.76

Competitive Comparison

For the Integrated Freight & Logistics subindustry, Air T'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.

Air T Scaled Net Operating Assets Distribution

For the Transportation industry and Industrials sector, Air T's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Air T's Scaled Net Operating Assets falls into.

Air T 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.

Air T'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 )
=	(183.756	-	26.35)	/	207.599
=	0.76

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	189.562	-	5.806
=	183.756

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	163.87	-	97.12	-	40.4
=	26.35

Air T'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 )
=	(157.976	-	28.183)	/	171.773
=	0.76

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	162.782	-	4.806
=	157.976

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	141.742	-	94.36	-	19.199
=	28.183

Air T Scaled Net Operating Assets Related Terms

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Air T (AIRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air T Inc (NAS:AIRT) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

AIRTP.PFD:USA GXT:Germany

Address

11020 David Taylor Drive, Suite 305, Charlotte, NC, USA, 28262

Website

https://www.airt.net

Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, and Ground support services, Commercial jet engines and parts, Corporate and Other. It generates maximum revenue from the Overnight air cargo segment.

Executives

Raymond E Cabillot	director, 10 percent owner	3033 EXCELSIOR BLVD., STE 560, MINNEAPOLIS MN 55416
Peter B. Mcclung	director	14101 SOUTHERN ROAD, GRANDVIEW MO 64030
Nicholas John Swenson	10 percent owner	5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Gary S Kohler	director	5000 W 36TH STREET, SUITE 115, MINNEAPOLIS MN 55416
Seth G Barkett	director	495 WEST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Brett Reynolds	officer: CFO	5000 W 36TH STREET, MINNEAPOLIS MN 55416
John A Reeves	director	570 BALLYMOTE COURT, MATTHEWS NC 28104
Travis Jacob Swenson	director	6016 EDEN PRAIRIE ROAD, MINNETONKA MN 55345
Air T Inc	10 percent owner	11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE NC 28262
Koutsouvas Constantine	officer: General Counsel	AIR T, INC., 5000 WEST 36TH, SUITE 130, MINNEAPOLIS MN 55416
William R Foudray	director	19192 POPLAR CIRCLE, EDEN PRAIRIE MN 55347
Biglari Capital Corp.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Sardar Biglari,	10 percent owner	C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Lion Fund Ii, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Andrew Stumpf	director	5444 CREEKMONTE DR., OAKLAND TWP MI 48306