HADV (Health Advance) Scaled Net Operating Assets: 0.93 (As of Sep. 2017)


What is Health Advance Scaled Net Operating Assets?

Health Advance HADV Scaled Net Operating Assets is 0.93 as of Sep. 2017.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Health Advance's operating assets for the quarter that ended in Sep. 2017 was $2.97 Mil. Health Advance's operating liabilities for the quarter that ended in Sep. 2017 was $0.18 Mil. Health Advance's Total Assets for the quarter that ended in Apr. 2017 was $2.99 Mil. Therefore, Health Advance's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2017 was 0.93.

Health Advance Scaled Net Operating Assets Historical Data

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The historical data trend for Health Advance'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.

Health Advance Scaled Net Operating Assets Chart

Health Advance Annual Data
Trend Jul11 Jul12 Jul13 Jul14 Jul15
Scaled Net Operating Assets
0.38 -1.00 -32.00 -105.00 0.00

Health Advance Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Sep17
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 0.00 0.00 0.00 0.00 0.93

HADV vs MYDP, HEWA, RXMD: Scaled Net Operating Assets Comparison

For the Pharmaceutical Retailers subindustry, Health Advance'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.

Health Advance Scaled Net Operating Assets vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Health Advance's Scaled Net Operating Assets distribution charts can be found below:

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


Health Advance 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.

Health Advance's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2015 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2015 )
=(Operating Assets (A: Jul. 2015 )-Operating Liabilities (A: Jul. 2015 ))/Total Assets (A: Jul. 2014 )
=(0-0.13)/0
=N/A

where

Operating Assets(A: Jul. 2015 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0 - 0
=0

Operating Liabilities(A: Jul. 2015 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.13 - 0 - 0
=0.13

Health Advance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2017 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2017 )
=(Operating Assets (Q: Sep. 2017 )-Operating Liabilities (Q: Sep. 2017 ))/Total Assets (Q: Apr. 2017 )
=(2.965-0.184)/2.99
=0.93

where

Operating Assets(Q: Sep. 2017 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.965 - 0
=2.965

Operating Liabilities(Q: Sep. 2017 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.283 - 0 - 0.099
=0.184

* 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.

What does a Scaled Net Operating Assets of 0.93 mean?
Health Advance (HADV) has a Scaled Net Operating Assets of 0.93 as of Sep. 2017. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Health Advance and its competitors.
Is Health Advance's Scaled Net Operating Assets too high?
Health Advance's current Scaled Net Operating Assets is 0.93.
How does Health Advance's Scaled Net Operating Assets compare to MYDP and HEWA?
Health Advance's Scaled Net Operating Assets of 0.93 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & Services industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Health Advance and its competitors. Health Advance's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Health Advance stock overvalued right now?
Health Advance (HADV) has a current Scaled Net Operating Assets of 0.93. The current Scaled Net Operating Assets is 0.93. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Health Advance (HADV), the current Scaled Net Operating Assets is 0.93 as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Health Advance Business Description

Address 9131 Keele Street, Suite A4, Vaughan, ON, CAN, L4K 0G7
Health Advance Inc is engaged in the retail domain. The Company is focused on products that are oriented to health and wellness. The first example of this is a proprietary CBD-infused wine beverage. The company is in the analysis stage for Immune boosting nutraceuticals, and human wellness products.