EL (ASX:EIM) Scaled Net Operating Assets: 0.83 (As of Dec. 2013)


What is EL Scaled Net Operating Assets?

EL ASX:EIM Scaled Net Operating Assets is 0.83 as of Dec. 2013. The stock has 3 warning signs investors should review.

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

EL's operating assets for the quarter that ended in Dec. 2013 was A$0.76 Mil. EL's operating liabilities for the quarter that ended in Dec. 2013 was A$0.13 Mil. EL's Total Assets for the quarter that ended in Jun. 2013 was A$0.76 Mil. Therefore, EL's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2013 was 0.83.

EL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for EL'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.

EL Scaled Net Operating Assets Chart

EL Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 -0.34 6.12 0.85 0.83

EL Semi-Annual Data
Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
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 Premium Member Only Premium Member Only 22.35 0.62 0.85 0.85 0.83

EL Scaled Net Operating Assets Competitor Comparison

For the subindustry, EL'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.

EL Scaled Net Operating Assets vs Industry

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

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


EL 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.

EL's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2013 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2013 )
=(Operating Assets (A: Dec. 2013 )-Operating Liabilities (A: Dec. 2013 ))/Total Assets (A: Dec. 2012 )
=(0.755-0.125)/0.759
=0.83

where

Operating Assets(A: Dec. 2013 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.757 - 0.002
=0.755

Operating Liabilities(A: Dec. 2013 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.755 - 0 - 0.63
=0.125

EL's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2013 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2013 )
=(Operating Assets (Q: Dec. 2013 )-Operating Liabilities (Q: Dec. 2013 ))/Total Assets (Q: Jun. 2013 )
=(0.755-0.125)/0.756
=0.83

where

Operating Assets(Q: Dec. 2013 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.757 - 0.002
=0.755

Operating Liabilities(Q: Dec. 2013 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.755 - 0 - 0.63
=0.125

* 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 0.83 mean?
EL (ASX:EIM) has a Scaled Net Operating Assets of 0.83 as of Dec. 2013. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on EL and its competitors.
Is EL's Scaled Net Operating Assets too high?
EL's current Scaled Net Operating Assets is 0.83.
How does EL's Scaled Net Operating Assets compare to competitors?
EL's Scaled Net Operating Assets is 0.83. 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 a company?
A good Scaled Net Operating Assets depends on the 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 EL and its competitors. EL's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EL stock overvalued right now?
EL (ASX:EIM) has a current Scaled Net Operating Assets of 0.83. The current Scaled Net Operating Assets is 0.83. 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 EL (ASX:EIM), the current Scaled Net Operating Assets is 0.83 as of Dec. 2013. 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.

EL Business Description

Industry
EL Corporation Limited was incorporated and domiciled in Australia. The Company's activities during the financial year were the import, design, sales, service and support of computer and communication systems and equipment; provision of information technology education, systems design; and integration and development of consultancy services. The activities were changed at the annual general meeting held on 31st May 2012, with shareholders' approval to include mining and exploration activities in connection with the intended acquisition of the Birthday Mine. The Company operates in Australia, New Zealand, and Taiwan.