Hospitality Property Fund (JSE:TSP) Scaled Net Operating Assets: 0.97 (As of Sep. 2020)


What is Hospitality Property Fund Scaled Net Operating Assets?

Hospitality Property Fund JSE:TSP 11 Scaled Net Operating Assets is 0.97 as of Sep. 2020. GuruFocus rates JSE:TSP with a GF Score™ of 11/100. The stock has 8 warning signs investors should review.

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

Hospitality Property Fund's operating assets for the quarter that ended in Sep. 2020 was R10,175.69 Mil. Hospitality Property Fund's operating liabilities for the quarter that ended in Sep. 2020 was R165.25 Mil. Hospitality Property Fund's Total Assets for the quarter that ended in Mar. 2020 was R10,343.02 Mil. Therefore, Hospitality Property Fund's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2020 was 0.97.

Hospitality Property Fund Scaled Net Operating Assets Historical Data

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The historical data trend for Hospitality Property Fund'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.

Hospitality Property Fund Scaled Net Operating Assets Chart

Hospitality Property Fund Annual Data
Trend Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Mar18 Mar19 Mar20
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 0.97 2.27 0.92 0.81

Hospitality Property Fund Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
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 0.94 0.97 1.01 0.80 0.97

JSE:TSP vs HST, PK, APLE: Scaled Net Operating Assets Comparison

For the REIT - Hotel & Motel subindustry, Hospitality Property Fund'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.

Hospitality Property Fund Scaled Net Operating Assets vs REITs Industry

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

* The bar in red indicates where Hospitality Property Fund's Scaled Net Operating Assets falls into.


Hospitality Property Fund 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.

Hospitality Property Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2020 )
=(Operating Assets (A: Mar. 2020 )-Operating Liabilities (A: Mar. 2020 ))/Total Assets (A: Mar. 2019 )
=(10052.449-107.294)/12266.597
=0.81

where

Operating Assets(A: Mar. 2020 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10343.024 - 290.575
=10052.449

Operating Liabilities(A: Mar. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2669.256 - 2546.606 - 15.356
=107.294

Hospitality Property Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2020 )
=(Operating Assets (Q: Sep. 2020 )-Operating Liabilities (Q: Sep. 2020 ))/Total Assets (Q: Mar. 2020 )
=(10175.692-165.252)/10343.024
=0.97

where

Operating Assets(Q: Sep. 2020 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10247.243 - 71.551
=10175.692

Operating Liabilities(Q: Sep. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2739.35 - 2574.098 - 0
=165.252

* 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?
Hospitality Property Fund (JSE:TSP) has a Scaled Net Operating Assets of 0.97 as of Sep. 2020. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hospitality Property Fund and its competitors.
Is Hospitality Property Fund's Scaled Net Operating Assets too high?
Hospitality Property Fund's current Scaled Net Operating Assets is 0.97. Overall, Hospitality Property Fund has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Hospitality Property Fund's Scaled Net Operating Assets compare to HST and PK?
Hospitality Property Fund'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 Hospitality Property Fund and its competitors. Hospitality Property Fund'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 Hospitality Property Fund stock overvalued right now?
Hospitality Property Fund (JSE:TSP) has a current Scaled Net Operating Assets of 0.97. The current Scaled Net Operating Assets is 0.97. Hospitality Property Fund's overall GF Score™ is 11/100 with 8 warning signs to review. 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 Hospitality Property Fund (JSE:TSP), the current Scaled Net Operating Assets is 0.97 as of Sep. 2020. 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.

Hospitality Property Fund Business Description

Industry Real EstateREITs
Address Montecasino Boulevard, Palazzo Towers West, Fourways, Johannesburg, ZAF, 2055
Hospitality Property Fund Ltd is a specialised real estate investment trust investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries. The company's portfolio caters to a wide-ranging domestic and international market and accommodates various segments including corporate, government, leisure, group conferencing and event business. The properties are well diversified in terms of geographic location and class of hotel, thus mitigating the inherent risks associated within the cyclical nature of the hospitality industry.