Westfield Trust (ASX:WFT) Scaled Net Operating Assets: 2.10 (As of Dec. 2003)


What is Westfield Trust Scaled Net Operating Assets?

Westfield Trust ASX:WFT Scaled Net Operating Assets is 2.10 as of Dec. 2003.

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

Westfield Trust's operating assets for the quarter that ended in Dec. 2003 was A$12,603.30 Mil. Westfield Trust's operating liabilities for the quarter that ended in Dec. 2003 was A$-7,858.70 Mil. Westfield Trust's Total Assets for the quarter that ended in Dec. 2002 was A$9,743.30 Mil. Therefore, Westfield Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2003 was 2.10.

Westfield Trust Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Westfield Trust'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.

Westfield Trust Scaled Net Operating Assets Chart

Westfield Trust Annual Data
Trend Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.19 1.26 0.97 1.04 1.87

Westfield Trust Semi-Annual Data
Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only 1.26 0.97 1.04 1.87 2.10

Westfield Trust Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Westfield Trust'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.

Westfield Trust Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Westfield Trust's Scaled Net Operating Assets distribution charts can be found below:

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


Westfield Trust 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.

Westfield Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2002 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2002 )
=(Operating Assets (A: Dec. 2002 )-Operating Liabilities (A: Dec. 2002 ))/Total Assets (A: Dec. 2001 )
=(9743.3--7143.1)/9020.9
=1.87

where

Operating Assets(A: Dec. 2002 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9743.3 - 0
=9743.3

Operating Liabilities(A: Dec. 2002 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3319.7 - 9096.8 - 1366
=-7143.1

Westfield Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2003 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2003 )
=(Operating Assets (Q: Dec. 2003 )-Operating Liabilities (Q: Dec. 2003 ))/Total Assets (Q: Dec. 2002 )
=(12603.3--7858.7)/9743.3
=2.10

where

Operating Assets(Q: Dec. 2003 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12603.3 - 0
=12603.3

Operating Liabilities(Q: Dec. 2003 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5313 - 11557.7 - 1614
=-7858.7

* 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 2.10 mean?
Westfield Trust (ASX:WFT) has a Scaled Net Operating Assets of 2.10 as of Dec. 2003. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Westfield Trust and its competitors.
Is Westfield Trust's Scaled Net Operating Assets too high?
Westfield Trust's current Scaled Net Operating Assets is 2.10.
How does Westfield Trust's Scaled Net Operating Assets compare to competitors?
Westfield Trust's Scaled Net Operating Assets of 2.10 can be compared against companies in the Real Estate 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 a Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Westfield Trust and its competitors. Westfield Trust's current Scaled Net Operating Assets is 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westfield Trust stock overvalued right now?
Westfield Trust (ASX:WFT) has a current Scaled Net Operating Assets of 2.10. The current Scaled Net Operating Assets is 2.10. 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 Westfield Trust (ASX:WFT), the current Scaled Net Operating Assets is 2.10 as of Dec. 2003. 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.

Westfield Trust Business Description

Westfield Trust (WFT) comprises interests in 50 shopping centres in Australia and New Zealand, with 3.1m sqm2 of gross lettable area servicing more than 9,400 retailers who generate in excess of $13.9 billion of retail sales.