Acino Holding AG (LTS:0QM8) Scaled Net Operating Assets: 0.74 (As of Dec. 2013)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Acino Holding AG Scaled Net Operating Assets?

Acino Holding AG LTS:0QM8 Scaled Net Operating Assets is 0.74 as of Dec. 2013.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Acino Holding AG's operating assets for the quarter that ended in Dec. 2013 was CHF548.25 Mil. Acino Holding AG's operating liabilities for the quarter that ended in Dec. 2013 was CHF93.95 Mil. Acino Holding AG's Total Assets for the quarter that ended in Dec. 2012 was CHF611.56 Mil. Therefore, Acino Holding AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2013 was 0.74.


Acino Holding AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Acino Holding AG'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.

Acino Holding AG Scaled Net Operating Assets Chart

Acino Holding AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.60 0.70 1.13 0.74

Acino Holding AG Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.71 0.60 0.70 1.13 0.74

Acino Holding AG Scaled Net Operating Assets Competitor Comparison

For the Drug Manufacturers - General subindustry, Acino Holding AG'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.


Acino Holding AG Scaled Net Operating Assets vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Acino Holding AG's Scaled Net Operating Assets distribution charts can be found below:

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



Acino Holding AG 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.

Acino Holding AG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2013 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2013 )
=(Operating Assets (A: Dec. 2013 )-Operating Liabilities (A: Dec. 2013 ))/Total Assets (A: Dec. 2012 )
=(548.247-93.948)/611.558
=0.74

where

Operating Assets(A: Dec. 2013 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=560.516 - 12.269
=548.247

Operating Liabilities(A: Dec. 2013 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=226.359 - 117.351 - 15.06
=93.948

Acino Holding AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2013 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2013 )
=(Operating Assets (Q: Dec. 2013 )-Operating Liabilities (Q: Dec. 2013 ))/Total Assets (Q: Dec. 2012 )
=(548.247-93.948)/611.558
=0.74

where

Operating Assets(Q: Dec. 2013 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=560.516 - 12.269
=548.247

Operating Liabilities(Q: Dec. 2013 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=226.359 - 117.351 - 15.06
=93.948

* 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.

What does a Scaled Net Operating Assets of 0.74 mean?
Acino Holding AG (LTS:0QM8) has a Scaled Net Operating Assets of 0.74 as of Dec. 2013. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Acino Holding AG and its competitors.
Is Acino Holding AG's Scaled Net Operating Assets too high?
Acino Holding AG's current Scaled Net Operating Assets is 0.74.
How does Acino Holding AG's Scaled Net Operating Assets compare to competitors?
Acino Holding AG's Scaled Net Operating Assets of 0.74 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Drug Manufacturers company?
A good Scaled Net Operating Assets depends on the Drug Manufacturers industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Acino Holding AG and its competitors. Acino Holding AG's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acino Holding AG stock overvalued right now?
Acino Holding AG (LTS:0QM8) has a current Scaled Net Operating Assets of 0.74. The current Scaled Net Operating Assets is 0.74. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Acino Holding AG (LTS:0QM8), the current Scaled Net Operating Assets is 0.74 as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Acino Holding AG Business Description

Acino Holding AG is a Switzerland-based company engaged in the pharmaceutical industry. The Company develops, manufactures, and markets pharmaceuticals in novel drug delivery forms internationally. It is divided into four segments Business to Consumer (BtC); Business to Business (BtB); Technology marketing (TM); and Production (Prod). The BtC segment comprises all direct marketing activities. Under the company's "Acino Switzerland" brand and, with the promise of Swiss quality, the company sells its products in emerging markets around the globe. This reporting segment includes the business purchased from Mepha/Cephalon in the Middle East, Africa, Latin America and Asia. The BtB segment comprises Acino's business with its internally developed products, for which the company also owns the intellectual property rights. Acino develops and produces high-quality medicines with proven active ingredients and modern drug delivery systems and grants licenses for them to leading pharmaceutical and generic pharmaceutical companies worldwide. The technology marketing segment comprises a broad spectrum of fully integrated contract services, including procurement, contract development, production and packaging for companies in the life sciences industry. On behalf of these customers, Acino develops a comprehensive product pipeline on the basis of its special technological know-how. This includes both new types of medicines as well as projects with innovative drug delivery systems for established active ingredients. The production segment is responsible for the manufacturing of products and the supplying of the other three segments, and generates turnover through the reimbursement of its services. The manufacturing costs of products are credited to the production segment at standard prices along with remuneration in the form of a mark-up for materials and production costs.