GM Leather SpA (MIL:GML) Scaled Net Operating Assets : 0.73 (As of Jun. 2024)

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What is GM Leather SpA 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.

GM Leather SpA's operating assets for the quarter that ended in Jun. 2024 was €53.44 Mil. GM Leather SpA's operating liabilities for the quarter that ended in Jun. 2024 was €13.90 Mil. GM Leather SpA's Total Assets for the quarter that ended in Dec. 2023 was €54.25 Mil. Therefore, GM Leather SpA's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.73.

GM Leather SpA Scaled Net Operating Assets Historical Data

The historical data trend for GM Leather SpA'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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GM Leather SpA Scaled Net Operating Assets Chart

GM Leather SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.60

0.75

0.88

1.04

GM Leather SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Scaled Net Operating Assets	Get a 7-Day Free Trial			0.86	0.76	0.90	0.78	0.73

Competitive Comparison of GM Leather SpA's Scaled Net Operating Assets

For the Textile Manufacturing subindustry, GM Leather SpA'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.

GM Leather SpA's Scaled Net Operating Assets Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GM Leather SpA's Scaled Net Operating Assets distribution charts can be found below:

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

GM Leather SpA 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.

GM Leather SpA'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 )
=	(52.335	-	13.187)	/	37.691
=	1.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	54.252	-	1.917
=	52.335

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	40.796	-	12.018	-	15.591
=	13.187

GM Leather SpA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(53.444	-	13.904)	/	54.252
=	0.73

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	55.105	-	1.661
=	53.444

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	41.395	-	10.413	-	17.078
=	13.904

GM Leather SpA Scaled Net Operating Assets Related Terms

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GM Leather SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GM Leather SpA (MIL:GML) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Olimpica 11, Arzignano, ITA, 36071

Website

https://www.gmleatherspa.com

GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.

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