TradeLab SPA (MIL:TRAI) Scaled Net Operating Assets: 0.83 (As of Dec. 2025)


MIL:TRAI TradeLab SPA MIL:TRAI
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What is TradeLab SPA Scaled Net Operating Assets?

TradeLab SPA MIL:TRAI 13 Scaled Net Operating Assets is 0.83 as of Dec. 2025. GuruFocus rates MIL:TRAI with a GF Score™ of 13/100. The stock has 7 warning signs investors should review.

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

TradeLab SPA's operating assets for the quarter that ended in Dec. 2025 was €9.79 Mil. TradeLab SPA's operating liabilities for the quarter that ended in Dec. 2025 was €3.69 Mil. TradeLab SPA's Total Assets for the quarter that ended in Jun. 2025 was €7.31 Mil. Therefore, TradeLab SPA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.83.

TradeLab SPA Scaled Net Operating Assets Historical Data

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The historical data trend for TradeLab 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.

TradeLab SPA Scaled Net Operating Assets Chart

TradeLab SPA Annual Data
Trend Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.32 0.36 1.37

TradeLab SPA Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets 0.32 0.00 0.00 0.54 0.83

MIL:TRAI vs VRSK, EFX, BAH: Scaled Net Operating Assets Comparison

For the Consulting Services subindustry, TradeLab 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.

TradeLab SPA Scaled Net Operating Assets vs Business Services Industry

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

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


MIL:TRAI
13GF Score
TradeLab SPA MIL:TRAI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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TradeLab 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.

TradeLab SPA's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(9.787-3.687)/4.45
=1.37

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11.25 - 1.463
=9.787

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.644 - 0.171 - 0.786
=3.687

TradeLab SPA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(9.787-3.687)/7.313
=0.83

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11.25 - 1.463
=9.787

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.644 - 0.171 - 0.786
=3.687

* 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 0.83 mean?
TradeLab SPA (MIL:TRAI) has a Scaled Net Operating Assets of 0.83 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on TradeLab SPA and its competitors.
Is TradeLab SPA's Scaled Net Operating Assets too high?
TradeLab SPA's current Scaled Net Operating Assets is 0.83. Overall, TradeLab SPA has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does TradeLab SPA's Scaled Net Operating Assets compare to VRSK and EFX?
TradeLab SPA's Scaled Net Operating Assets of 0.83 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 TradeLab SPA and its competitors. TradeLab SPA's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TradeLab SPA stock overvalued right now?
TradeLab SPA (MIL:TRAI) has a current Scaled Net Operating Assets of 0.83. The current Scaled Net Operating Assets is 0.83. TradeLab SPA's overall GF Score™ is 13/100 with 7 warning signs to review. 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 TradeLab SPA (MIL:TRAI), the current Scaled Net Operating Assets is 0.83 as of Dec. 2025. 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.

TradeLab SPA Business Description

Address Via Marco D'Aviano, Milan, ITA, 2
TradeLab SPA is an Italian company. It specializes in consulting services and data analysis tools for companies and public administrations, including technological solutions and platforms. The Group's offer is divided into three service lines: Technological platforms, Knowledge Hub, and Consulting and analysis.
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