Abu Dhabi Ship Building PJSC (ADX:ADSB) Scaled Net Operating Assets: -0.31 (As of Dec. 2023)

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ADX:ADSB Abu Dhabi Ship Building PJSC ADX:ADSB
5 GF Score
Price د.إ7.91
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What is Abu Dhabi Ship Building PJSC Scaled Net Operating Assets?

Abu Dhabi Ship Building PJSC ADX:ADSB -1.13% 5 Scaled Net Operating Assets is -0.31 as of Dec. 2023. GuruFocus rates ADX:ADSB with a GF Score™ of 5/100.

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

Abu Dhabi Ship Building PJSC's operating assets for the quarter that ended in Dec. 2023 was د.إ1,924 Mil. Abu Dhabi Ship Building PJSC's operating liabilities for the quarter that ended in Dec. 2023 was د.إ2,387 Mil. Abu Dhabi Ship Building PJSC's Total Assets for the quarter that ended in Dec. 2022 was د.إ1,493 Mil. Therefore, Abu Dhabi Ship Building PJSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.31.


Abu Dhabi Ship Building PJSC Scaled Net Operating Assets Historical Data

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The historical data trend for Abu Dhabi Ship Building PJSC'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.

Abu Dhabi Ship Building PJSC Scaled Net Operating Assets Chart

Abu Dhabi Ship Building PJSC 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 0.70 0.50 -0.66 -0.01 -0.31

Abu Dhabi Ship Building PJSC Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.50 -0.66 -0.01 -0.31

ADX:ADSB vs GE, RTX, BA: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, Abu Dhabi Ship Building PJSC'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.


Abu Dhabi Ship Building PJSC Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Abu Dhabi Ship Building PJSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Abu Dhabi Ship Building PJSC's Scaled Net Operating Assets falls into.


ADX:ADSB
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Abu Dhabi Ship Building PJSC ADX:ADSB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Abu Dhabi Ship Building PJSC 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.

Abu Dhabi Ship Building PJSC'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 )
=(1923.823-2386.953)/1493.419
=-0.31

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2669.09 - 745.267
=1923.823

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2395.032 - 5.917 - 2.162
=2386.953

Abu Dhabi Ship Building PJSC'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: Dec. 2022 )
=(1923.823-2386.953)/1493.419
=-0.31

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2669.09 - 745.267
=1923.823

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2395.032 - 5.917 - 2.162
=2386.953

* 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.

What does a Scaled Net Operating Assets of -0.31 mean?
Abu Dhabi Ship Building PJSC (ADX:ADSB) has a Scaled Net Operating Assets of -0.31 as of Dec. 2023. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Abu Dhabi Ship Building PJSC and its competitors.
Is Abu Dhabi Ship Building PJSC's Scaled Net Operating Assets too high?
Abu Dhabi Ship Building PJSC's current Scaled Net Operating Assets is -0.31. Overall, Abu Dhabi Ship Building PJSC has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Abu Dhabi Ship Building PJSC's Scaled Net Operating Assets compare to GE and RTX?
Abu Dhabi Ship Building PJSC's Scaled Net Operating Assets of -0.31 can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Abu Dhabi Ship Building PJSC and its competitors. Abu Dhabi Ship Building PJSC's current Scaled Net Operating Assets is -0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abu Dhabi Ship Building PJSC stock overvalued right now?
Abu Dhabi Ship Building PJSC (ADX:ADSB) has a current Scaled Net Operating Assets of -0.31. The current Scaled Net Operating Assets is -0.31. Abu Dhabi Ship Building PJSC's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Abu Dhabi Ship Building PJSC (ADX:ADSB), the current Scaled Net Operating Assets is -0.31 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Abu Dhabi Ship Building PJSC Business Description

Address Musafah Industrial Area, P.O. Box 8922, Abu Dhabi, ARE
Abu Dhabi Ship Building PJSC is a shipbuilder and support services contractor locally and internationally. Its operating segments include New Build and Engineering; Small Boats; Military Repairs and Maintenance; Commercial Repairs and Maintenance and Combat System Integration. It generates maximum revenue from the New Build and Engineering services segment. It provides the design, engineering, research and development, construction, commissioning, test and trials, ILS, upgrades, conversions, and consultancy services for military, commercial, and leisure vessels in any construction material.
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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