Fortinet (Fortinet) Scaled Net Operating Assets : -0.26 (As of Dec. 2023)

Fortinet Scaled Net Operating Assets Chart

Fortinet Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Scaled Net Operating Assets		Get a 7-Day Free Trial					-0.24	-0.25	-0.19	-0.25	-0.31

Fortinet 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															-0.28	-0.30	-0.29	-0.28	-0.26

Competitive Comparison of Fortinet's Scaled Net Operating Assets

For the Software - Infrastructure subindustry, Fortinet'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.

Fortinet's Scaled Net Operating Assets Distribution in the Software Industry

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

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

Fortinet 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.

Fortinet's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

where

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

where

* 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.

Fortinet Scaled Net Operating Assets Related Terms

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Fortinet (Fortinet) Business Description