ELEK (Elektros) Scaled Net Operating Assets: 0.63 (As of Nov. 2018)


What is Elektros Scaled Net Operating Assets?

Elektros ELEK -5.77% Scaled Net Operating Assets is 0.63 as of Nov. 2018.

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

Elektros's operating assets for the quarter that ended in Nov. 2018 was $64.92 Mil. Elektros's operating liabilities for the quarter that ended in Nov. 2018 was $9.49 Mil. Elektros's Total Assets for the quarter that ended in Aug. 2018 was $88.17 Mil. Therefore, Elektros's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2018 was 0.63.

Elektros Scaled Net Operating Assets Historical Data

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The historical data trend for Elektros'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.

Elektros Scaled Net Operating Assets Chart

Elektros Annual Data
Trend Apr12 May13 May14 May15 May16 May17 May18
Scaled Net Operating Assets
Get a 7-Day Free Trial -0.11 -0.14 2.03 0.93 0.79

Elektros Quarterly Data
Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18
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 0.75 0.71 0.70 0.63 0.63

ELEK vs CHRA, PGTK, LOOP: Scaled Net Operating Assets Comparison

For the Auto Manufacturers subindustry, Elektros'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.

Elektros Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Elektros's Scaled Net Operating Assets distribution charts can be found below:

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


Elektros 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.

Elektros's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2018 )
=(Operating Assets (A: May. 2018 )-Operating Liabilities (A: May. 2018 ))/Total Assets (A: May. 2017 )
=(74.937-10.645)/81.271
=0.79

where

Operating Assets(A: May. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=92.496 - 17.559
=74.937

Operating Liabilities(A: May. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21.538 - 0 - 10.893
=10.645

Elektros's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2018 )
=(Operating Assets (Q: Nov. 2018 )-Operating Liabilities (Q: Nov. 2018 ))/Total Assets (Q: Aug. 2018 )
=(64.92-9.487)/88.167
=0.63

where

Operating Assets(Q: Nov. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=87.699 - 22.779
=64.92

Operating Liabilities(Q: Nov. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19.594 - 0 - 10.107
=9.487

* 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 0.63 mean?
Elektros (ELEK) has a Scaled Net Operating Assets of 0.63 as of Nov. 2018. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Elektros and its competitors.
Is Elektros' Scaled Net Operating Assets too high?
Elektros' current Scaled Net Operating Assets is 0.63.
How does Elektros' Scaled Net Operating Assets compare to CHRA and PGTK?
Elektros' Scaled Net Operating Assets of 0.63 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 Elektros and its competitors. Elektros's current Scaled Net Operating Assets is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektros stock overvalued right now?
Elektros (ELEK) has a current Scaled Net Operating Assets of 0.63. The current Scaled Net Operating Assets is 0.63. 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 Elektros (ELEK), the current Scaled Net Operating Assets is 0.63 as of Nov. 2018. 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.

Elektros Business Description

Address 16950 North Bay Road, Suite 1803, Sunny Isles Beach, FL, USA, 33160
Elektros Inc is an American Electric Vehicle company that innovates mobility solutions for consumers and businesses.