Meikles (LSE:MIK) Scaled Net Operating Assets : 1.89 (As of Aug. 2023)

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What is Meikles 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.

Meikles's operating assets for the quarter that ended in Aug. 2023 was $1,100 Mil. Meikles's operating liabilities for the quarter that ended in Aug. 2023 was $608 Mil. Meikles's Total Assets for the quarter that ended in Sep. 2022 was $261 Mil. Therefore, Meikles's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2023 was 1.89.

Meikles Scaled Net Operating Assets Historical Data

The historical data trend for Meikles'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.

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Meikles Scaled Net Operating Assets Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Scaled Net Operating Assets

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8.46

0.75

0.03

2.20

1.19

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Scaled Net Operating Assets	Get a 7-Day Free Trial									1.30	0.47	1.64	0.56	1.89

Competitive Comparison of Meikles's Scaled Net Operating Assets

For the Department Stores subindustry, Meikles'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.

Meikles's Scaled Net Operating Assets Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Scaled Net Operating Assets distribution charts can be found below:

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

Meikles 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.

Meikles's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2021 )
=	(Operating Assets (A: Mar. 2021 )	-	Operating Liabilities (A: Mar. 2021 ))	/	Total Assets (A: Mar. 2020 )
=	(89.379	-	29.763)	/	49.974
=	1.19

where

	Operating Assets		(A: Mar. 2021 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	93.662	-	4.283
=	89.379

	Operating Liabilities		(A: Mar. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	33.081	-	2.862	-	0.456
=	29.763

Meikles's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Aug. 2023 )
=	(Operating Assets (Q: Aug. 2023 )	-	Operating Liabilities (Q: Aug. 2023 ))	/	Total Assets (Q: Sep. 2022 )
=	(1100.374	-	608.129)	/	261.101
=	1.89

where

	Operating Assets		(Q: Aug. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1459.861	-	359.487
=	1100.374

	Operating Liabilities		(Q: Aug. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	718.555	-	63.364	-	47.062
=	608.129

Meikles Scaled Net Operating Assets Related Terms

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Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.