Avante (TSXV:XX) Scaled Net Operating Assets : 0.54 (As of Dec. 2023)

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What is Avante 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.

Avante's operating assets for the quarter that ended in Dec. 2023 was C$18.83 Mil. Avante's operating liabilities for the quarter that ended in Dec. 2023 was C$6.39 Mil. Avante's Total Assets for the quarter that ended in Sep. 2023 was C$23.06 Mil. Therefore, Avante's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.54.

Avante Scaled Net Operating Assets Historical Data

The historical data trend for Avante'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.

Avante Scaled Net Operating Assets Chart

Avante Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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0.93

0.86

0.49

0.58

0.21

Avante Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.32	0.32	0.35	0.51	0.54

Competitive Comparison of Avante's Scaled Net Operating Assets

For the Security & Protection Services subindustry, Avante'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.

Avante's Scaled Net Operating Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avante's Scaled Net Operating Assets distribution charts can be found below:

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

Avante 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(15.469	-	6.668)	/	42.943
=	0.20

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	25.583	-	10.114
=	15.469

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8.802	-	1.064	-	1.07
=	6.668

Avante'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 )
=	(18.825	-	6.386)	/	23.059
=	0.54

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	24.554	-	5.729
=	18.825

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7.686	-	0.838	-	0.462
=	6.386

Avante Scaled Net Operating Assets Related Terms

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Avante (TSXV:XX) Business Description

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ALXXF:USA

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.

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