Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Azure Power Global's operating assets for the quarter that ended in Mar. 2024 was $2,077.4 Mil. Azure Power Global's operating liabilities for the quarter that ended in Mar. 2024 was $245.3 Mil. Azure Power Global's Total Assets for the quarter that ended in Mar. 2023 was $2,316.1 Mil. Therefore, Azure Power Global's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.79.
Azure Power Global Scaled Net Operating Assets Related Terms
Azure Power Global Scaled Net Operating Assets Historical Data
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The historical data trend for Azure Power Global'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.
Azure Power Global Scaled Net Operating Assets Chart
AZREF vs SAFX, VGAS, STEM: Scaled Net Operating Assets Comparison
For the Utilities - Renewable subindustry, Azure Power Global'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.
Azure Power Global Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Azure Power Global's Scaled Net Operating Assets falls into.
* 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 0.79 mean?
Azure Power Global (AZREF) has a Scaled Net Operating Assets of 0.79 as of Mar. 2024. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Scaled Net Operating Assets too high?
Azure Power Global's current Scaled Net Operating Assets is 0.79. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Scaled Net Operating Assets compare to SAFX and VGAS?
Azure Power Global's Scaled Net Operating Assets of 0.79 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 Azure Power Global and its competitors. Azure Power Global's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Scaled Net Operating Assets of 0.79. The current Scaled Net Operating Assets is 0.79. Azure Power Global's overall GF Score™ is 12/100. 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 Azure Power Global (AZREF), the current Scaled Net Operating Assets is 0.79 as of Mar. 2024. 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.
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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