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OmniTek Engineering (OmniTek Engineering) Scaled Net Operating Assets : -0.69 (As of Dec. 2023)


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What is OmniTek Engineering 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.

OmniTek Engineering's operating assets for the quarter that ended in Dec. 2023 was $0.77 Mil. OmniTek Engineering's operating liabilities for the quarter that ended in Dec. 2023 was $1.40 Mil. OmniTek Engineering's Total Assets for the quarter that ended in Sep. 2023 was $0.91 Mil. Therefore, OmniTek Engineering's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.69.


OmniTek Engineering Scaled Net Operating Assets Historical Data

The historical data trend for OmniTek Engineering'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.

OmniTek Engineering Scaled Net Operating Assets Chart

OmniTek Engineering Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.27 -0.56 - -0.20 -0.56

OmniTek Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 -0.34 -0.39 -0.49 -0.69

Competitive Comparison of OmniTek Engineering's Scaled Net Operating Assets

For the Auto Parts subindustry, OmniTek Engineering'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.


OmniTek Engineering's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, OmniTek Engineering's Scaled Net Operating Assets distribution charts can be found below:

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



OmniTek Engineering 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.

OmniTek Engineering'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 )
=(0.773-1.4)/1.113
=-0.56

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.847 - 0.074
=0.773

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.033 - 0.453 - 0.18
=1.4

OmniTek Engineering'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 )
=(0.773-1.4)/0.913
=-0.69

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.847 - 0.074
=0.773

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.033 - 0.453 - 0.18
=1.4

* 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.


OmniTek Engineering Scaled Net Operating Assets Related Terms

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OmniTek Engineering (OmniTek Engineering) Business Description

Traded in Other Exchanges
N/A
Address
1345 Specialty Dr. No. E, Vista, CA, USA, 92081
OmniTek Engineering Corp is a developer or manufacturer of patented hotwires spark plug wires. It develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Company's technology. Omnitek products are available for stationary applications in the transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.
Executives
Gary S Maier director 815 MORAGA DRIVE, SUITE 306, LOS ANGELES CA 90049
John M Palumbo director
Werner Funk director, 10 percent owner, officer: President, CEO and Secretary 1345 SPECIALTY DR., #E, VISTA CA 92081
Richard L Miller officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
Janice M Quigley director, officer: Vice President 15-2819 INA STREET, PAHOA HI 96778
Alicia A Rolfe officer: CFO 1333 KEYSTONE WAY, #101, VISTA CA 92081
George G Chachas director
John D Garber 10 percent owner 7506 N BROADWAY EXTN, STE 505, OKLAHOMA CITY OK 73116