Develop North (LSE:DVNO) Scaled Net Operating Assets : 0.99 (As of May. 2024)

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What is Develop North 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.

Develop North's operating assets for the quarter that ended in May. 2024 was £20.90 Mil. Develop North's operating liabilities for the quarter that ended in May. 2024 was £0.14 Mil. Develop North's Total Assets for the quarter that ended in Nov. 2023 was £20.90 Mil. Therefore, Develop North's scaled net operating assets (SNOA) for the quarter that ended in May. 2024 was 0.99.

Develop North 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.

Develop North's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Nov. 2023 )
=	(Operating Assets (A: Nov. 2023 )	-	Operating Liabilities (A: Nov. 2023 ))	/	Total Assets (A: Nov. 2022 )
=	(19.741	-	0.191)	/	26.13
=	0.75

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	20.895	-	1.154
=	19.741

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.191	-	0	-	0
=	0.191

Develop North's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: May. 2024 )
=	(Operating Assets (Q: May. 2024 )	-	Operating Liabilities (Q: May. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(20.895	-	0.138)	/	20.895
=	0.99

where

	Operating Assets		(Q: May. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	21.134	-	0.239
=	20.895

	Operating Liabilities		(Q: May. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.263	-	1.125	-	0
=	0.138

* 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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Develop North Business Description

Industry

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Address

Rodney Way, Hamilton Centre, Chelmsford, Essex, GBR, CM1 3BY

Website

https://www.developnorth.co.uk

Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term, Its portfolio consists of Kenley Homes, Horizon Cremation, Bede Homes, and Calmont Homes.