Tuga Innovations (XCNQ:TUGA) Scaled Net Operating Assets : -12.29 (As of Jan. 2024)

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What is Tuga Innovations 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.

Tuga Innovations's operating assets for the quarter that ended in Jan. 2024 was C$0.07 Mil. Tuga Innovations's operating liabilities for the quarter that ended in Jan. 2024 was C$1.44 Mil. Tuga Innovations's Total Assets for the quarter that ended in Oct. 2023 was C$0.11 Mil. Therefore, Tuga Innovations's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was -12.29.

Tuga Innovations Scaled Net Operating Assets Historical Data

The historical data trend for Tuga Innovations'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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Tuga Innovations Scaled Net Operating Assets Chart

Tuga Innovations Annual Data

Trend

Jul21

Jul22

Jul23

Scaled Net Operating Assets

-0.20

0.02

-0.80

Tuga Innovations Quarterly Data
	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial							-0.54	-2.51	-3.76	-5.11	-12.29

Competitive Comparison of Tuga Innovations's Scaled Net Operating Assets

For the Auto Manufacturers subindustry, Tuga Innovations'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.

Tuga Innovations's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

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

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

Tuga Innovations 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Jul. 2023 )
=	(Operating Assets (A: Jul. 2023 )	-	Operating Liabilities (A: Jul. 2023 ))	/	Total Assets (A: Jul. 2022 )
=	(0.134	-	0.934)	/	1.005
=	-0.80

where

	Operating Assets		(A: Jul. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.176	-	0.042
=	0.134

	Operating Liabilities		(A: Jul. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.934	-	0	-	0
=	0.934

Tuga Innovations's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(0.074	-	1.438)	/	0.111
=	-12.29

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.612	-	0.538
=	0.074

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.466	-	0	-	0.028
=	1.438

Tuga Innovations Scaled Net Operating Assets Related Terms

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Tuga Innovations (XCNQ:TUGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tuga Innovations Inc (XCNQ:TUGA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

TUGAF:USA DQ5:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.tugainnovations.com

Tuga Innovations Inc is a development-stage electric vehicle company involved in the conception, design, and production of specialized EVs to improve the urban mobility experience. It is engaged in the reduction of urban mobility difficulties by developing a three-wheeled, fully electric fore-and-aft 2-seat vehicle.

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