IMC (International Market Centers) Scaled Net Operating Assets: 0.83 (As of Dec. 2014)


What is International Market Centers Scaled Net Operating Assets?

International Market Centers IMC Scaled Net Operating Assets is 0.83 as of Dec. 2014.

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

International Market Centers's operating assets for the quarter that ended in Dec. 2014 was $764.44 Mil. International Market Centers's operating liabilities for the quarter that ended in Dec. 2014 was $65.60 Mil. International Market Centers's Total Assets for the quarter that ended in Dec. 2013 was $839.34 Mil. Therefore, International Market Centers's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2014 was 0.83.

International Market Centers Scaled Net Operating Assets Historical Data

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The historical data trend for International Market Centers'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.

International Market Centers Scaled Net Operating Assets Chart

International Market Centers Annual Data
Trend Dec12 Dec13 Dec14
Scaled Net Operating Assets
0.90 0.85 0.83

International Market Centers Semi-Annual Data
Dec12 Dec13 Dec14
Scaled Net Operating Assets 0.90 0.85 0.83

IMC vs HMG, AIII, WHLR: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, International Market Centers'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.

International Market Centers Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, International Market Centers's Scaled Net Operating Assets distribution charts can be found below:

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


International Market Centers 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.

International Market Centers's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2014 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2014 )
=(Operating Assets (A: Dec. 2014 )-Operating Liabilities (A: Dec. 2014 ))/Total Assets (A: Dec. 2013 )
=(764.435-65.599)/839.341
=0.83

where

Operating Assets(A: Dec. 2014 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=788.612 - 24.177
=764.435

Operating Liabilities(A: Dec. 2014 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=599.279 - 533.68 - 0
=65.599

International Market Centers's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2014 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2014 )
=(Operating Assets (Q: Dec. 2014 )-Operating Liabilities (Q: Dec. 2014 ))/Total Assets (Q: Dec. 2013 )
=(764.435-65.599)/839.341
=0.83

where

Operating Assets(Q: Dec. 2014 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=788.612 - 24.177
=764.435

Operating Liabilities(Q: Dec. 2014 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=599.279 - 533.68 - 0
=65.599

* 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.

What does a Scaled Net Operating Assets of 0.83 mean?
International Market Centers (IMC) has a Scaled Net Operating Assets of 0.83 as of Dec. 2014. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on International Market Centers and its competitors.
Is International Market Centers' Scaled Net Operating Assets too high?
International Market Centers' current Scaled Net Operating Assets is 0.83.
How does International Market Centers' Scaled Net Operating Assets compare to HMG and AIII?
International Market Centers' Scaled Net Operating Assets of 0.83 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 International Market Centers and its competitors. International Market Centers's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Market Centers stock overvalued right now?
International Market Centers (IMC) has a current Scaled Net Operating Assets of 0.83. The current Scaled Net Operating Assets is 0.83. 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 International Market Centers (IMC), the current Scaled Net Operating Assets is 0.83 as of Dec. 2014. 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.

International Market Centers Business Description

Industry Real EstateREITs
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.