AREIT Prop (JSE:APO) Scaled Net Operating Assets: 0.97 (As of Dec. 2022)


JSE:APO AREIT Prop Ltd JSE:APO
20 GF Score
Price R2.99
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What is AREIT Prop Scaled Net Operating Assets?

AREIT Prop JSE:APO 20 Scaled Net Operating Assets is 0.97 as of Dec. 2022. GuruFocus rates JSE:APO with a GF Score™ of 20/100.

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

AREIT Prop's operating assets for the quarter that ended in Dec. 2022 was R923.95 Mil. AREIT Prop's operating liabilities for the quarter that ended in Dec. 2022 was R0.43 Mil. AREIT Prop's Total Assets for the quarter that ended in Sep. 2022 was R950.72 Mil. Therefore, AREIT Prop's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2022 was 0.97.

AREIT Prop Scaled Net Operating Assets Historical Data

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The historical data trend for AREIT Prop'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.

AREIT Prop Scaled Net Operating Assets Chart

AREIT Prop Annual Data
Trend Dec21 Dec22
Scaled Net Operating Assets
1.00 1.01

AREIT Prop Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22
Scaled Net Operating Assets 1.00 1.02 1.00 1.02 0.97

JSE:APO vs VICI, WPC, STOR: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, AREIT Prop'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.

AREIT Prop Scaled Net Operating Assets vs REITs Industry

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

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


JSE:APO
20GF Score
AREIT Prop Ltd JSE:APO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AREIT Prop 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.

AREIT Prop's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(923.954-0.433)/913.918
=1.01

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=923.955 - 0.001
=923.954

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.433 - 0 - 0
=0.433

AREIT Prop's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2022 )
=(Operating Assets (Q: Dec. 2022 )-Operating Liabilities (Q: Dec. 2022 ))/Total Assets (Q: Sep. 2022 )
=(923.954-0.433)/950.717
=0.97

where

Operating Assets(Q: Dec. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=923.955 - 0.001
=923.954

Operating Liabilities(Q: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.433 - 0 - 0
=0.433

* 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 0.97 mean?
AREIT Prop (JSE:APO) has a Scaled Net Operating Assets of 0.97 as of Dec. 2022. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on AREIT Prop and its competitors.
Is AREIT Prop's Scaled Net Operating Assets too high?
AREIT Prop's current Scaled Net Operating Assets is 0.97. Overall, AREIT Prop has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does AREIT Prop's Scaled Net Operating Assets compare to VICI and WPC?
AREIT Prop's Scaled Net Operating Assets of 0.97 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 AREIT Prop and its competitors. AREIT Prop's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AREIT Prop stock overvalued right now?
AREIT Prop (JSE:APO) has a current Scaled Net Operating Assets of 0.97. The current Scaled Net Operating Assets is 0.97. AREIT Prop's overall GF Score™ is 20/100. 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 AREIT Prop (JSE:APO), the current Scaled Net Operating Assets is 0.97 as of Dec. 2022. 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.

AREIT Prop Business Description

Industry Real EstateREITs
Address South street, 5 Provident, Parow, Cape Town, ZAF
AREIT Prop Ltd is Investing in leasehold rights to earn fixed rentals. Its reportable operating segments are Cresta Grande Hotel, Fountains Hotel, Lady Hamilton property, and Head office.
20GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R2.99
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