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FTK (Flotek Industries) Scaled Net Operating Assets : 0.73 (As of Sep. 2024)


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What is Flotek 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.

Flotek Industries's operating assets for the quarter that ended in Sep. 2024 was $155.7 Mil. Flotek Industries's operating liabilities for the quarter that ended in Sep. 2024 was $41.6 Mil. Flotek Industries's Total Assets for the quarter that ended in Jun. 2024 was $156.0 Mil. Therefore, Flotek Industries's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.73.


Flotek Industries Scaled Net Operating Assets Historical Data

The historical data trend for Flotek 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.

* Premium members only.

Flotek Industries Scaled Net Operating Assets Chart

Flotek Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.10 0.25 2.19 0.69

Flotek Industries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.75 0.71 0.75 0.73

Competitive Comparison of Flotek Industries's Scaled Net Operating Assets

For the Oil & Gas Equipment & Services subindustry, Flotek 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.


Flotek Industries's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flotek Industries's Scaled Net Operating Assets distribution charts can be found below:

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



Flotek 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.

Flotek Industries'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 )
=(151.662-37.675)/164.81
=0.69

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=157.513 - 5.851
=151.662

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=55.553 - 7.736 - 10.142
=37.675

Flotek Industries's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(155.652-41.599)/156.04
=0.73

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=160.649 - 4.997
=155.652

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=51.642 - 6.871 - 3.172
=41.599

* 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.


Flotek Industries Scaled Net Operating Assets Related Terms

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Flotek Industries Business Description

Industry
Traded in Other Exchanges
Address
5775 North Sam Houston Parkway West, Suite 400, Houston, TX, USA, 77086
Flotek Industries Inc is a technology-driven company focused on reducing the environmental impact of energy operations. Its Chemistry Technologies segment develops green specialty chemicals to enhance the profitability of hydrocarbon producers, catering to major players in the oil and gas industry. These chemicals improve operational efficiency and sustainability throughout the well life cycle. The Data Analytics segment provides real-time analytics for hydrocarbon streams, enabling users to optimize processes and increase profitability by reducing waste and reprocessing. Flotek's revenue primarily comes from its Chemistry segment, reflecting its commitment to providing solutions for environmental improvement in the energy sector.
Executives
David Nierenberg director 19605 NE 8TH STREET, CAMAS WA 98607
Ryan Gillis Ezell officer: SVP, Operations 10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064
Matthew Wilks director 17010 IH-20, CISCO TX 76437
James Bond Clement officer: Chief Financial Officer 400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Harshavardhan V Agadi director 5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022
Gibson John W Jr director, officer: CEO and President 10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
Profrac Holding Corp. 10 percent owner 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Evan R Farber director 7903 KENTUCKY AVE., BETHESDA MD 20814
Seham Saleh Carson officer: Interim CFO 3318 RAVENS ROOST, MISSOURI CITY TX 77459
Profrac Holdings Ii, Llc 10 percent owner 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Profrac Holdings, Llc 10 percent owner 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Thrc Management, Llc 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Thrc Holdings, Lp 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437