Costco Wholesale (NEOE:COST) Scaled Net Operating Assets : 0.27 (As of Feb. 2024)

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What is Costco Wholesale 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.

Costco Wholesale's operating assets for the quarter that ended in Feb. 2024 was C$75,603 Mil. Costco Wholesale's operating liabilities for the quarter that ended in Feb. 2024 was C$48,776 Mil. Costco Wholesale's Total Assets for the quarter that ended in Nov. 2023 was C$101,052 Mil. Therefore, Costco Wholesale's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was 0.27.

Costco Wholesale Scaled Net Operating Assets Historical Data

The historical data trend for Costco Wholesale'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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Costco Wholesale Scaled Net Operating Assets Chart

Costco Wholesale Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Scaled Net Operating Assets

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0.32

0.34

0.28

0.32

0.30

Costco Wholesale Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Scaled Net Operating Assets	Get a 7-Day Free Trial															-	0.28	0.28	0.26	0.27

Competitive Comparison of Costco Wholesale's Scaled Net Operating Assets

For the Discount Stores subindustry, Costco Wholesale'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.

Costco Wholesale's Scaled Net Operating Assets Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Costco Wholesale's Scaled Net Operating Assets distribution charts can be found below:

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

Costco Wholesale 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Aug. 2023 )
=	(Operating Assets (A: Aug. 2023 )	-	Operating Liabilities (A: Aug. 2023 ))	/	Total Assets (A: Aug. 2022 )
=	(72457.728	-	47243.086)	/	82883.222
=	0.30

where

	Operating Assets		(A: Aug. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	92990.113	-	20532.385
=	72457.728

	Operating Liabilities		(A: Aug. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	59216.941	-	10516.883	-	1456.972
=	47243.086

Costco Wholesale's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Feb. 2024 )
=	(Operating Assets (Q: Feb. 2024 )	-	Operating Liabilities (Q: Feb. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(75602.7	-	48775.5)	/	101052.116
=	0.27

where

	Operating Assets		(Q: Feb. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	89536.05	-	13933.35
=	75602.7

	Operating Liabilities		(Q: Feb. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	61510.05	-	11276.55	-	1458
=	48775.5

Costco Wholesale Scaled Net Operating Assets Related Terms

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Costco Wholesale (NEOE:COST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Costco Wholesale Corp (NEOE:COST) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

COST:USA COST:Mexico CTO0:Germany COST:Chile COWC34:Brazil COST:Argentina

Address

999 Lake Drive, Issaquah, WA, USA, 98027

Website

https://www.costco.com

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.