STEER Technologies (TSXV:STER) Scaled Net Operating Assets : 0.73 (As of Sep. 2023)

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What is STEER Technologies 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.

STEER Technologies's operating assets for the quarter that ended in Sep. 2023 was C$47.12 Mil. STEER Technologies's operating liabilities for the quarter that ended in Sep. 2023 was C$9.14 Mil. STEER Technologies's Total Assets for the quarter that ended in Jun. 2023 was C$52.22 Mil. Therefore, STEER Technologies's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.73.

STEER Technologies Scaled Net Operating Assets Historical Data

The historical data trend for STEER Technologies'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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STEER Technologies Scaled Net Operating Assets Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Scaled Net Operating Assets

-0.03

2.58

3.49

0.67

0.65

STEER Technologies 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															0.67	0.49	1.40	0.77	0.73

Competitive Comparison of STEER Technologies's Scaled Net Operating Assets

For the Software - Application subindustry, STEER Technologies'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.

STEER Technologies's Scaled Net Operating Assets Distribution in the Software Industry

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

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

STEER Technologies 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.

STEER Technologies'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 )
=	(29.969	-	10.839)	/	29.533
=	0.65

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	32.033	-	2.064
=	29.969

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	31.573	-	17.011	-	3.723
=	10.839

STEER Technologies'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 )
=	(47.124	-	9.138)	/	52.221
=	0.73

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	47.384	-	0.26
=	47.124

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	25.178	-	13.441	-	2.599
=	9.138

STEER Technologies Scaled Net Operating Assets Related Terms

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STEER Technologies (TSXV:STER) Business Description

Industry

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STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.