Smiths Group (FRA:QS2A) Scaled Net Operating Assets : 0.60 (As of Jan. 2024)

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What is Smiths 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.

Smiths Group's operating assets for the quarter that ended in Jan. 2024 was €4,532 Mil. Smiths Group's operating liabilities for the quarter that ended in Jan. 2024 was €1,477 Mil. Smiths Group's Total Assets for the quarter that ended in Jul. 2023 was €5,073 Mil. Therefore, Smiths Group's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was 0.60.

Smiths Group Scaled Net Operating Assets Historical Data

The historical data trend for Smiths 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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Smiths Group Scaled Net Operating Assets Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Scaled Net Operating Assets

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0.69

0.67

0.69

0.54

0.53

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.57	0.47	0.54	0.57	0.60

Competitive Comparison of Smiths Group's Scaled Net Operating Assets

For the Specialty Industrial Machinery subindustry, Smiths 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.

Smiths Group's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smiths Group's Scaled Net Operating Assets distribution charts can be found below:

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

Smiths 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.

Smiths Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jul. 2023 )
=	(Operating Assets (A: Jul. 2023 )	-	Operating Liabilities (A: Jul. 2023 ))	/	Total Assets (A: Jul. 2022 )
=	(4741.341	-	1508.608)	/	6156.126
=	0.53

where

	Operating Assets		(A: Jul. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	5073.351	-	332.01
=	4741.341

	Operating Liabilities		(A: Jul. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2270.485	-	728.093	-	33.784
=	1508.608

Smiths Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Jul. 2023 )
=	(4531.677	-	1476.732)	/	5073.351
=	0.60

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4741.639	-	209.962
=	4531.677

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2261.756	-	738.366	-	46.658
=	1476.732

Smiths Group Scaled Net Operating Assets Related Terms

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Smiths Group (FRA:QS2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (FRA:QS2A) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

SMGZY:USA SMGKF:USA SMINl:UK SMIN:UK

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.

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