Friedman Industries (FRA:X36) Scaled Net Operating Assets : 0.73 (As of Mar. 2024)

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What is Friedman Industries 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.

Friedman Industries's operating assets for the quarter that ended in Mar. 2024 was €209.0 Mil. Friedman Industries's operating liabilities for the quarter that ended in Mar. 2024 was €54.7 Mil. Friedman Industries's Total Assets for the quarter that ended in Dec. 2023 was €210.0 Mil. Therefore, Friedman Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.73.

Friedman Industries Scaled Net Operating Assets Historical Data

The historical data trend for Friedman Industries'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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Friedman Industries Scaled Net Operating Assets Chart

Friedman Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Scaled Net Operating Assets

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0.59

0.71

1.09

0.95

0.83

Friedman Industries 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															0.71	0.79	0.86	0.73	0.74

Competitive Comparison of Friedman Industries's Scaled Net Operating Assets

For the Steel subindustry, Friedman Industries'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.

Friedman Industries's Scaled Net Operating Assets Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Friedman Industries's Scaled Net Operating Assets distribution charts can be found below:

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

Friedman Industries 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.

Friedman Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2024 )
=	(Operating Assets (A: Mar. 2024 )	-	Operating Liabilities (A: Mar. 2024 ))	/	Total Assets (A: Mar. 2023 )
=	(208.957	-	54.661)	/	186.157
=	0.83

where

	Operating Assets		(A: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	211.617	-	2.66
=	208.957

	Operating Liabilities		(A: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	94.34	-	39.629	-	0.05
=	54.661

Friedman Industries'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 )
=	(208.957	-	54.661)	/	209.952
=	0.73

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	211.617	-	2.66
=	208.957

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	94.34	-	39.629	-	0.05
=	54.661

Friedman Industries Scaled Net Operating Assets Related Terms

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Friedman Industries (FRA:X36) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (FRA:X36) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FRD:USA

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

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