GLKFF (Cleantek Industries) Scaled Net Operating Assets : 0.79 (As of Sep. 2024)

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What is Cleantek 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.

Cleantek Industries's operating assets for the quarter that ended in Sep. 2024 was $9.40 Mil. Cleantek Industries's operating liabilities for the quarter that ended in Sep. 2024 was $1.69 Mil. Cleantek Industries's Total Assets for the quarter that ended in Jun. 2024 was $9.79 Mil. Therefore, Cleantek Industries's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.79.

Cleantek Industries Scaled Net Operating Assets Historical Data

The historical data trend for Cleantek 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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Cleantek Industries Scaled Net Operating Assets Chart

Cleantek Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.45

0.91

0.67

0.73

Cleantek Industries Quarterly Data
	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												0.78	0.74	0.74	0.73	0.79

Competitive Comparison of Cleantek Industries's Scaled Net Operating Assets

For the Specialty Industrial Machinery subindustry, Cleantek 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.

Cleantek Industries's Scaled Net Operating Assets Distribution in the Industrial Products Industry

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

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

Cleantek 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.

Cleantek 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 )
=	(10.93	-	2.326)	/	11.717
=	0.73

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11.377	-	0.447
=	10.93

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11.078	-	6.313	-	2.439
=	2.326

Cleantek 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 )
=	(9.404	-	1.692)	/	9.785
=	0.79

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	9.528	-	0.124
=	9.404

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9.327	-	5.256	-	2.379
=	1.692

Cleantek Industries Scaled Net Operating Assets Related Terms

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Cleantek Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cleantek Industries Inc (OTCPK:GLKFF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

CTEK:Canada

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 3C4

Website

https://www.cleantekinc.com

Cleantek Industries Inc is engaged in the manufacturing and rental of equipment to the oil and gas and construction industries in Western Canada and the United States. Its products include ZeroE, Halo, DZeroE, and SolarHybrid.Li, SolarHybrid, and Stadium Lighting among others. The company's revenue is generated from the rental and service of dehydration units, lighting towers, and lighting systems based on fixed or agreed-upon service contracts with the customer.