GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (NYSE:SHOP) » Definitions » Scaled Net Operating Assets

Shopify (NYSE:SHOP) Scaled Net Operating Assets

: 0.50 (As of Dec. 2023)
View and export this data going back to 2015. Start your Free Trial

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Shopify's operating assets for the quarter that ended in Dec. 2023 was $6,291 Mil. Shopify's operating liabilities for the quarter that ended in Dec. 2023 was $1,083 Mil. Shopify's Total Assets for the quarter that ended in Sep. 2023 was $10,464 Mil. Therefore, Shopify's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.50.


Shopify Scaled Net Operating Assets Historical Data

The historical data trend for Shopify'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.

Shopify Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.27 0.59 0.34 0.48

Shopify 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 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 Premium Member Only Premium Member Only Premium Member Only 0.41 0.46 0.35 0.46 0.50

Competitive Comparison

For the Software - Application subindustry, Shopify'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.


Shopify Scaled Net Operating Assets Distribution

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

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



Shopify 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.

Shopify'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 )
=(6291-1083)/10757
=0.48

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11299 - 5008
=6291

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2233 - 1133 - 17
=1083

Shopify'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 )
=(6291-1083)/10464
=0.50

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11299 - 5008
=6291

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2233 - 1133 - 17
=1083

* 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.


Shopify Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Shopify's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Shopify (NYSE:SHOP) Business Description

Industry
Address
151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Shopify (NYSE:SHOP) Headlines

From GuruFocus

Top 5 2nd Quarter Trades of GILDER GAGNON HOWE & CO LLC

By GuruFocus Research GuruFocus Editor 08-15-2022

Ron Baron Comments on Shopify

By Sydnee Gatewood 11-08-2022

Egerton Capital (UK) LLP Buys 1, Sells 4 in 1st Quarter

By GuruFocus Research GuruFocus Editor 08-04-2022

Top 5 2nd Quarter Trades of JENNISON ASSOCIATES LLC

By GuruFocus Research GuruFocus Editor 08-02-2022

Henry James International Management Inc. Buys 2, Sells 3 in 3rd Quarter

By GuruFocus Research GuruFocus Editor 11-02-2022

Shopify's Growth Is Far From Over

By Dilantha De Silva 09-21-2023

GLUSKIN SHEFF & ASSOC INC Buys 2, Sells 3 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-15-2022

Shopify Is Up Against It

By Steve Gray Booyens 07-28-2022