United Rentals (FRA:UR3) Scaled Net Operating Assets : 0.83 (As of Mar. 2024)

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What is United Rentals 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.

United Rentals's operating assets for the quarter that ended in Mar. 2024 was €24,131 Mil. United Rentals's operating liabilities for the quarter that ended in Mar. 2024 was €4,754 Mil. United Rentals's Total Assets for the quarter that ended in Dec. 2023 was €23,465 Mil. Therefore, United Rentals's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.83.

United Rentals Scaled Net Operating Assets Historical Data

The historical data trend for United Rentals'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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United Rentals Scaled Net Operating Assets Chart

United Rentals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.90

0.71

0.99

1.01

0.82

United Rentals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.80	0.80	0.81	0.77	0.83

Competitive Comparison of United Rentals's Scaled Net Operating Assets

For the Rental & Leasing Services subindustry, United Rentals'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.

United Rentals's Scaled Net Operating Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's Scaled Net Operating Assets distribution charts can be found below:

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

United Rentals 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.

United Rentals'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 )
=	(23132.242	-	4398.849)	/	22828.752
=	0.82

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	23465.113	-	332.871
=	23132.242

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16009.903	-	10039.316	-	1571.738
=	4398.849

United Rentals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(24130.68	-	4753.64)	/	23465.113
=	0.83

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	24525.36	-	394.68
=	24130.68

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	17054.96	-	11301.28	-	1000.04
=	4753.64

United Rentals Scaled Net Operating Assets Related Terms

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United Rentals (FRA:UR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (FRA:UR3) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

URI:USA U1RI34:Brazil

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.

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