Fly-E Group (Fly-E Group) Scaled Net Operating Assets : 0.88 (As of Dec. 2023)

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What is Fly-E Group 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.

Fly-E Group's operating assets for the quarter that ended in Dec. 2023 was $22.19 Mil. Fly-E Group's operating liabilities for the quarter that ended in Dec. 2023 was $2.85 Mil. Fly-E Group's Total Assets for the quarter that ended in Sep. 2023 was $21.95 Mil. Therefore, Fly-E Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.88.

Fly-E Group Scaled Net Operating Assets Historical Data

The historical data trend for Fly-E Group'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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Fly-E Group Scaled Net Operating Assets Chart

Fly-E Group Annual Data

Trend

Mar22

Mar23

Scaled Net Operating Assets

0.63

0.97

Fly-E Group Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial			-	-	1.00	0.91	0.88

Competitive Comparison of Fly-E Group's Scaled Net Operating Assets

For the Auto Manufacturers subindustry, Fly-E Group'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.

Fly-E Group's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Fly-E Group's Scaled Net Operating Assets falls into.

Fly-E Group 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.

Fly-E Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(16.906	-	2.663)	/	14.663
=	0.97

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	17.265	-	0.359
=	16.906

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14.764	-	9.852	-	2.249
=	2.663

Fly-E Group'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 )
=	(22.19	-	2.854)	/	21.951
=	0.88

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	23.363	-	1.173
=	22.19

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17.252	-	10.787	-	3.611
=	2.854

Fly-E Group Scaled Net Operating Assets Related Terms

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Fly-E Group (Fly-E Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » Scaled Net Operating Assets

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Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. They also provide connectivity solutions and value-added services to their customers.

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