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GRIT Investment Trust (LSE:GRIT) Scaled Net Operating Assets : -0.40 (As of Jun. 2023)


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What is GRIT Investment Trust 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.

GRIT Investment Trust's operating assets for the quarter that ended in Jun. 2023 was £0.02 Mil. GRIT Investment Trust's operating liabilities for the quarter that ended in Jun. 2023 was £0.11 Mil. GRIT Investment Trust's Total Assets for the quarter that ended in Dec. 2022 was £0.21 Mil. Therefore, GRIT Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was -0.40.

GRIT Investment Trust 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.

GRIT Investment Trust'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 )
=(0.14-0.271)/0.488
=-0.27

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=0.206 - 0.066
=0.14

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.716 - 0.445 - 0
=0.271

GRIT Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2023 )
=(Operating Assets (Q: Jun. 2023 )-Operating Liabilities (Q: Jun. 2023 ))/Total Assets (Q: Dec. 2022 )
=(0.024-0.107)/0.206
=-0.40

where

Operating Assets(Q: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=0.043 - 0.019
=0.024

Operating Liabilities(Q: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.477 - 0.37 - 0
=0.107

* 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.

GRIT Investment Trust Scaled Net Operating Assets Related Terms

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GRIT Investment Trust (LSE:GRIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GRIT Investment Trust PLC (LSE:GRIT) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
80 Cheapside, 3rd Floor, London, GBR, EC2V 6EE
Website
http://www.grinvestmenttrust.com
GRIT Investment Trust PLC is an investment fund specializing in the natural resources industry. Its objective is to generate medium and long-term capital growth through the portfolio of mainly small and mid-capitalization natural resources and mining companies, which are listed on a relevant exchange.