Fomo Worldwide (Fomo Worldwide) Scaled Net Operating Assets : 0.12 (As of Sep. 2023)

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What is Fomo Worldwide 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.

Fomo Worldwide's operating assets for the quarter that ended in Sep. 2023 was $2.54 Mil. Fomo Worldwide's operating liabilities for the quarter that ended in Sep. 2023 was $2.21 Mil. Fomo Worldwide's Total Assets for the quarter that ended in Jun. 2023 was $2.70 Mil. Therefore, Fomo Worldwide's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.12.

Fomo Worldwide Scaled Net Operating Assets Historical Data

The historical data trend for Fomo Worldwide'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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Fomo Worldwide Scaled Net Operating Assets Chart

Fomo Worldwide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Scaled Net Operating Assets

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-12.49

0.34

-0.29

0.10

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.23	0.02	-0.91	-0.09	0.12

Competitive Comparison of Fomo Worldwide's Scaled Net Operating Assets

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide's Scaled Net Operating Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fomo Worldwide's Scaled Net Operating Assets distribution charts can be found below:

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

Fomo Worldwide 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.

Fomo Worldwide's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(3.487	-	3.389)	/	0.959
=	0.10

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	3.584	-	0.097
=	3.487

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6.155	-	0.512	-	2.254
=	3.389

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

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(2.54	-	2.21)	/	2.701
=	0.12

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2.542	-	0.002
=	2.54

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4.772	-	0.383	-	2.179
=	2.21

Fomo Worldwide Scaled Net Operating Assets Related Terms

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Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174