FRMO (FRMO) Scaled Net Operating Assets : 0.08 (As of May. 2014)

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What is FRMO 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.

FRMO's operating assets for the quarter that ended in May. 2014 was $24.52 Mil. FRMO's operating liabilities for the quarter that ended in May. 2014 was $16.39 Mil. FRMO's Total Assets for the quarter that ended in May. 2013 was $96.02 Mil. Therefore, FRMO's scaled net operating assets (SNOA) for the quarter that ended in May. 2014 was 0.08.

FRMO Scaled Net Operating Assets Historical Data

The historical data trend for FRMO'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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FRMO Scaled Net Operating Assets Chart

FRMO Annual Data

Trend

Feb00

Feb01

Feb02

Feb03

Feb04

May12

May13

May14

Scaled Net Operating Assets

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0.32

1.83

-3.50

0.16

0.09

FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Scaled Net Operating Assets	Get a 7-Day Free Trial			0.32	1.83	-3.50	0.16	0.09

Competitive Comparison of FRMO's Scaled Net Operating Assets

For the Asset Management subindustry, FRMO'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.

FRMO's Scaled Net Operating Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FRMO's Scaled Net Operating Assets distribution charts can be found below:

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

FRMO 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.

FRMO's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2014 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: May. 2014 )
=	(Operating Assets (A: May. 2014 )	-	Operating Liabilities (A: May. 2014 ))	/	Total Assets (A: May. 2013 )
=	(24.518	-	16.393)	/	96.017
=	0.08

where

	Operating Assets		(A: May. 2014 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	110.445	-	85.927
=	24.518

	Operating Liabilities		(A: May. 2014 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16.393	-	0	-	0
=	16.393

FRMO's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2014 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: May. 2014 )
=	(Operating Assets (Q: May. 2014 )	-	Operating Liabilities (Q: May. 2014 ))	/	Total Assets (Q: May. 2013 )
=	(24.518	-	16.393)	/	96.017
=	0.08

where

	Operating Assets		(Q: May. 2014 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	110.445	-	85.927
=	24.518

	Operating Liabilities		(Q: May. 2014 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16.393	-	0	-	0
=	16.393

FRMO Scaled Net Operating Assets Related Terms

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FRMO (FRMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FRMO Corp (OTCPK:FRMO) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is focused its activities on making strategic investments in public and private companies.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527