Ossen Innovation Co (Ossen Innovation Co) Scaled Net Operating Assets : 0.99 (As of Dec. 2020)

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What is Ossen Innovation Co 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.

Ossen Innovation Co's operating assets for the quarter that ended in Dec. 2020 was $202.1 Mil. Ossen Innovation Co's operating liabilities for the quarter that ended in Dec. 2020 was $16.9 Mil. Ossen Innovation Co's Total Assets for the quarter that ended in Jun. 2020 was $186.7 Mil. Therefore, Ossen Innovation Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was 0.99.

Ossen Innovation Co Scaled Net Operating Assets Historical Data

The historical data trend for Ossen Innovation Co'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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Ossen Innovation Co Scaled Net Operating Assets Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Scaled Net Operating Assets

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0.88

1.04

0.96

0.99

1.04

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.88	1.03	0.86	0.94	0.99

Competitive Comparison of Ossen Innovation Co's Scaled Net Operating Assets

For the Steel subindustry, Ossen Innovation Co'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.

Ossen Innovation Co's Scaled Net Operating Assets Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ossen Innovation Co's Scaled Net Operating Assets distribution charts can be found below:

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

Ossen Innovation Co 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.

Ossen Innovation Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2020 )
=	(Operating Assets (A: Dec. 2020 )	-	Operating Liabilities (A: Dec. 2020 ))	/	Total Assets (A: Dec. 2019 )
=	(202.076	-	16.85)	/	177.643
=	1.04

where

	Operating Assets		(A: Dec. 2020 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	203.305	-	1.229
=	202.076

	Operating Liabilities		(A: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	52.194	-	6.461	-	28.883
=	16.85

Ossen Innovation Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2020 )
=	(Operating Assets (Q: Dec. 2020 )	-	Operating Liabilities (Q: Dec. 2020 ))	/	Total Assets (Q: Jun. 2020 )
=	(202.076	-	16.85)	/	186.696
=	0.99

where

	Operating Assets		(Q: Dec. 2020 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	203.305	-	1.229
=	202.076

	Operating Liabilities		(Q: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	52.194	-	6.461	-	28.883
=	16.85

Ossen Innovation Co Scaled Net Operating Assets Related Terms

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Ossen Innovation Co (Ossen Innovation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (NAS:OSN) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.