DraftKings (BSP:D2KN34) Scaled Net Operating Assets : 0.24 (As of Dec. 2023)

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What is DraftKings 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.

DraftKings's operating assets for the quarter that ended in Dec. 2023 was R$13,104 Mil. DraftKings's operating liabilities for the quarter that ended in Dec. 2023 was R$8,616 Mil. DraftKings's Total Assets for the quarter that ended in Sep. 2023 was R$19,071 Mil. Therefore, DraftKings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.24.

DraftKings Scaled Net Operating Assets Historical Data

The historical data trend for DraftKings'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.

DraftKings Scaled Net Operating Assets Chart

DraftKings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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-0.18

3.40

0.27

0.31

0.21

DraftKings Quarterly Data
	Dec18	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															0.32	0.31	0.31	0.29	0.24

Competitive Comparison of DraftKings's Scaled Net Operating Assets

For the Gambling subindustry, DraftKings'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.

DraftKings's Scaled Net Operating Assets Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's Scaled Net Operating Assets distribution charts can be found below:

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

DraftKings 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.

DraftKings'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 )
=	(13103.843	-	8616.171)	/	21192.213
=	0.21

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	19329.054	-	6225.211
=	13103.843

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15211.723	-	6539.209	-	56.343
=	8616.171

DraftKings'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 )
=	(13103.843	-	8616.171)	/	19070.869
=	0.24

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	19329.054	-	6225.211
=	13103.843

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15211.723	-	6539.209	-	56.343
=	8616.171

DraftKings Scaled Net Operating Assets Related Terms

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DraftKings (BSP:D2KN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (BSP:D2KN34) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

DKNG:USA DKNG:Mexico 8DEA:Germany

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

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