Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) Scaled Net Operating Assets: 0.69 (As of Dec. 2023)


MIC:MAGN Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
17 GF Score
Price ₽17.67
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What is Magnitogorsk Iron & Steel Works PJSC Scaled Net Operating Assets?

Magnitogorsk Iron & Steel Works PJSC MIC:MAGN -6.46% 17 Scaled Net Operating Assets is 0.69 as of Dec. 2023. GuruFocus rates MIC:MAGN with a GF Score™ of 17/100.

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

Magnitogorsk Iron & Steel Works PJSC's operating assets for the quarter that ended in Dec. 2023 was ₽735,289 Mil. Magnitogorsk Iron & Steel Works PJSC's operating liabilities for the quarter that ended in Dec. 2023 was ₽166,171 Mil. Magnitogorsk Iron & Steel Works PJSC's Total Assets for the quarter that ended in Jun. 2023 was ₽824,597 Mil. Therefore, Magnitogorsk Iron & Steel Works PJSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.69.


Magnitogorsk Iron & Steel Works PJSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC Scaled Net Operating Assets Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.65 0.80 0.64 0.77

Magnitogorsk Iron & Steel Works PJSC Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.71 0.00 0.00 0.69 0.69

MIC:MAGN vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.


Magnitogorsk Iron & Steel Works PJSC Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC's Scaled Net Operating Assets falls into.


MIC:MAGN
17GF Score
Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnitogorsk Iron & Steel Works PJSC 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.

Magnitogorsk Iron & Steel Works PJSC'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 )
=(735289-166171)/737785
=0.77

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=902002 - 166713
=735289

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=238693 - 14534 - 57988
=166171

Magnitogorsk Iron & Steel Works PJSC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Jun. 2023 )
=(735289-166171)/824597
=0.69

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=902002 - 166713
=735289

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=238693 - 14534 - 57988
=166171

* 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 0.69 mean?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Scaled Net Operating Assets of 0.69 as of Dec. 2023. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors.
Is Magnitogorsk Iron & Steel Works PJSC's Scaled Net Operating Assets too high?
Magnitogorsk Iron & Steel Works PJSC's current Scaled Net Operating Assets is 0.69. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Scaled Net Operating Assets compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Scaled Net Operating Assets of 0.69 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Magnitogorsk Iron & Steel Works PJSC and its competitors. Magnitogorsk Iron & Steel Works PJSC's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Scaled Net Operating Assets of 0.69. The current Scaled Net Operating Assets is 0.69. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Scaled Net Operating Assets is 0.69 as of Dec. 2023. 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.

Magnitogorsk Iron & Steel Works PJSC Business Description

Address 93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score

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