Azul (BSP:AZUL4) Scaled Net Operating Assets : 0.16 (As of Dec. 2023)

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What is Azul 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.

Azul's operating assets for the quarter that ended in Dec. 2023 was R$18,636 Mil. Azul's operating liabilities for the quarter that ended in Dec. 2023 was R$15,523 Mil. Azul's Total Assets for the quarter that ended in Sep. 2023 was R$19,605 Mil. Therefore, Azul's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.16.

Azul Scaled Net Operating Assets Historical Data

The historical data trend for Azul'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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Azul Scaled Net Operating Assets Chart

Azul Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.65

0.13

0.22

0.19

0.17

Azul Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.19	0.16	0.11	0.23	0.16

Competitive Comparison of Azul's Scaled Net Operating Assets

For the Airlines subindustry, Azul'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.

Azul's Scaled Net Operating Assets Distribution in the Transportation Industry

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

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

Azul 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.

Azul'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 )
=	(18635.6	-	15522.8)	/	18721.293
=	0.17

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	20532.9	-	1897.3
=	18635.6

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	41860.7	-	21233.8	-	5104.1
=	15522.8

Azul'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: Sep. 2023 )
=	(18635.6	-	15522.8)	/	19605.095
=	0.16

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	20532.9	-	1897.3
=	18635.6

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	41860.7	-	21233.8	-	5104.1
=	15522.8

Azul Scaled Net Operating Assets Related Terms

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Azul (BSP:AZUL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Azul SA (BSP:AZUL4) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

AZUL:USA 8AZA:Germany

Address

Marcos Penteado de Ulhoa Rodrigues, 939, Edificio Jatoba, 8th Floor, Castelo Branco Office Park, Tambore, Barueri, Sao Paulo, SP, BRA, 06460-040

Website

https://www.voeazul.com.br

Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities and equity holding in other companies.

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