Tubacex (LTS:0KD1) Scaled Net Operating Assets : 0.55 (As of Mar. 2024)

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What is Tubacex 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.

Tubacex's operating assets for the quarter that ended in Mar. 2024 was €1,085.1 Mil. Tubacex's operating liabilities for the quarter that ended in Mar. 2024 was €422.0 Mil. Tubacex's Total Assets for the quarter that ended in Dec. 2023 was €1,211.5 Mil. Therefore, Tubacex's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.55.

Tubacex Scaled Net Operating Assets Historical Data

The historical data trend for Tubacex'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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Tubacex Scaled Net Operating Assets Chart

Tubacex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.61

0.58

0.59

0.58

0.54

Tubacex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.49	0.50	0.50	0.54	0.55

Competitive Comparison of Tubacex's Scaled Net Operating Assets

For the Steel subindustry, Tubacex'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.

Tubacex's Scaled Net Operating Assets Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tubacex's Scaled Net Operating Assets distribution charts can be found below:

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

Tubacex 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1032.445	-	410.694)	/	1159.779
=	0.54

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1211.456	-	179.011
=	1032.445

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	917.82	-	153.801	-	353.325
=	410.694

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

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(1085.1	-	422)	/	1211.456
=	0.55

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1202.9	-	117.8
=	1085.1

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	903.9	-	107.8	-	374.1
=	422

Tubacex Scaled Net Operating Assets Related Terms

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Tubacex (LTS:0KD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tubacex SA (LTS:0KD1) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

TUB:Mexico TUBe:UK TUB:Spain TCX:Germany

Address

Tres Cruces 8, PO Box 2201400, Llodio, ESP, 01400

Website

http://www.tubacex.com

Tubacex SA together with its subsidiaries, manufactures and markets stainless steel and high-nickel alloy tubes and pipes. The company's product portfolio includes hollow bars, steel and fittings products. It primarily serves oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies among other industries. Group has its industrial facilities in the Spain, Austria, the United States, Italy, India, and Thailand. Most of the revenue is generated through the sale of goods and rest from the rendering of services.

Tubacex (LTS:0KD1) Headlines

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