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Cintas (LTS:0HYJ) Scaled Net Operating Assets : 0.77 (As of Nov. 2024)


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What is Cintas 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.

Cintas's operating assets for the quarter that ended in Nov. 2024 was $9,244 Mil. Cintas's operating liabilities for the quarter that ended in Nov. 2024 was $2,227 Mil. Cintas's Total Assets for the quarter that ended in Aug. 2024 was $9,069 Mil. Therefore, Cintas's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2024 was 0.77.


Cintas Scaled Net Operating Assets Historical Data

The historical data trend for Cintas'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.

* Premium members only.

Cintas Scaled Net Operating Assets Chart

Cintas Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.77 0.75 0.79 0.78

Cintas Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 0.78 0.77 0.74 0.74 0.77

Competitive Comparison of Cintas's Scaled Net Operating Assets

For the Specialty Business Services subindustry, Cintas'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.


Cintas's Scaled Net Operating Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Scaled Net Operating Assets distribution charts can be found below:

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



Cintas 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.

Cintas's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2024 )
=(Operating Assets (A: May. 2024 )-Operating Liabilities (A: May. 2024 ))/Total Assets (A: May. 2023 )
=(8826.802-2184.365)/8546.356
=0.78

where

Operating Assets(A: May. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9168.817 - 342.015
=8826.802

Operating Liabilities(A: May. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4852.445 - 2172.758 - 495.322
=2184.365

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

Scaled Net Operating Assets (SNOA)(Q: Nov. 2024 )
=(Operating Assets (Q: Nov. 2024 )-Operating Liabilities (Q: Nov. 2024 ))/Total Assets (Q: Aug. 2024 )
=(9244.134-2226.758)/9068.707
=0.77

where

Operating Assets(Q: Nov. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9366.529 - 122.395
=9244.134

Operating Liabilities(Q: Nov. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5073.423 - 2168.936 - 677.729
=2226.758

* 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.


Cintas Scaled Net Operating Assets Related Terms

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Cintas Business Description

Address
6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737
Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

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