Fundo DE Investimento Imobiliario Multi Renda Urbana (BSP:VVMR11) Scaled Net Operating Assets: 0.89 (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:VVMR11 Fundo DE Investimento Imobiliario Multi Renda Urbana BSP:VVMR11
28 GF Score
Price R$83.00
View Full Analysis

What is Fundo DE Investimento Imobiliario Multi Renda Urbana Scaled Net Operating Assets?

Fundo DE Investimento Imobiliario Multi Renda Urbana BSP:VVMR11 -2.31% 28 Scaled Net Operating Assets is 0.89 as of Dec. 2023. GuruFocus rates BSP:VVMR11 with a GF Score™ of 28/100.

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

Fundo DE Investimento Imobiliario Multi Renda Urbana's operating assets for the quarter that ended in Dec. 2023 was R$343.18 Mil. Fundo DE Investimento Imobiliario Multi Renda Urbana's operating liabilities for the quarter that ended in Dec. 2023 was R$35.38 Mil. Fundo DE Investimento Imobiliario Multi Renda Urbana's Total Assets for the quarter that ended in Dec. 2022 was R$347.01 Mil. Therefore, Fundo DE Investimento Imobiliario Multi Renda Urbana's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.89.

BSP:VVMR11
28GF Score
Fundo DE Investimento Imobiliario Multi Renda Urbana BSP:VVMR11
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo DE Investimento Imobiliario Multi Renda Urbana 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.

Fundo DE Investimento Imobiliario Multi Renda Urbana'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 )
=(343.178-35.378)/347.014
=0.89

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=345.103 - 1.925
=343.178

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=35.378 - 0 - 0
=35.378

Fundo DE Investimento Imobiliario Multi Renda Urbana'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 )
=(343.178-35.378)/347.014
=0.89

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=345.103 - 1.925
=343.178

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=35.378 - 0 - 0
=35.378

* 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 0.89 mean?
Fundo DE Investimento Imobiliario Multi Renda Urbana (BSP:VVMR11) has a Scaled Net Operating Assets of 0.89 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 Fundo DE Investimento Imobiliario Multi Renda Urbana and its competitors.
Is Fundo DE Investimento Imobiliario Multi Renda Urbana's Scaled Net Operating Assets too high?
Fundo DE Investimento Imobiliario Multi Renda Urbana's current Scaled Net Operating Assets is 0.89. Overall, Fundo DE Investimento Imobiliario Multi Renda Urbana has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario Multi Renda Urbana's Scaled Net Operating Assets compare to VICI and WPC?
Fundo DE Investimento Imobiliario Multi Renda Urbana's Scaled Net Operating Assets of 0.89 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Fundo DE Investimento Imobiliario Multi Renda Urbana and its competitors. Fundo DE Investimento Imobiliario Multi Renda Urbana's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario Multi Renda Urbana stock overvalued right now?
Fundo DE Investimento Imobiliario Multi Renda Urbana (BSP:VVMR11) has a current Scaled Net Operating Assets of 0.89. The current Scaled Net Operating Assets is 0.89. Fundo DE Investimento Imobiliario Multi Renda Urbana's overall GF Score™ is 28/100. 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 Fundo DE Investimento Imobiliario Multi Renda Urbana (BSP:VVMR11), the current Scaled Net Operating Assets is 0.89 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.

Fundo DE Investimento Imobiliario Multi Renda Urbana Business Description

Industry Real EstateREITs
Address Rua Alves Guimaraes, 1216, Pinheiros, São Paulo, SP, BRA, 05410-002
Fundo DE Investimento Imobiliario Multi Renda Urbana is a real estate investment fund.
28GF Score

Get the complete analysis for BSP:VVMR11

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$83.00
Price