NOBGY (Noble Group) Scaled Net Operating Assets: 0.49 (As of Sep. 2018)


What is Noble Group Scaled Net Operating Assets?

Noble Group NOBGY -99.00% Scaled Net Operating Assets is 0.49 as of Sep. 2018.

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

Noble Group's operating assets for the quarter that ended in Sep. 2018 was $2,965 Mil. Noble Group's operating liabilities for the quarter that ended in Sep. 2018 was $1,144 Mil. Noble Group's Total Assets for the quarter that ended in Jun. 2018 was $3,714 Mil. Therefore, Noble Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2018 was 0.49.

Noble Group Scaled Net Operating Assets Historical Data

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The historical data trend for Noble Group'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.

Noble Group Scaled Net Operating Assets Chart

Noble Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.41 0.36 0.40 0.19

Noble Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 0.46 0.31 0.42 0.52 0.49

NOBGY vs SGOC, HHHH: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Noble Group'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.

Noble Group Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noble Group's Scaled Net Operating Assets distribution charts can be found below:

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


Noble Group 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.

Noble Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2017 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2017 )
=(Operating Assets (A: Dec. 2017 )-Operating Liabilities (A: Dec. 2017 ))/Total Assets (A: Dec. 2016 )
=(4317.463-2028.34)/12284.635
=0.19

where

Operating Assets(A: Dec. 2017 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4809.475 - 492.012
=4317.463

Operating Liabilities(A: Dec. 2017 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5610.386 - 2013.645 - 1568.401
=2028.34

Noble Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2018 )
=(Operating Assets (Q: Sep. 2018 )-Operating Liabilities (Q: Sep. 2018 ))/Total Assets (Q: Jun. 2018 )
=(2965.417-1144.044)/3714.444
=0.49

where

Operating Assets(Q: Sep. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3548.702 - 583.285
=2965.417

Operating Liabilities(Q: Sep. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4691.299 - 0 - 3547.255
=1144.044

* 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 0.49 mean?
Noble Group (NOBGY) has a Scaled Net Operating Assets of 0.49 as of Sep. 2018. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Noble Group and its competitors.
Is Noble Group's Scaled Net Operating Assets too high?
Noble Group's current Scaled Net Operating Assets is 0.49.
How does Noble Group's Scaled Net Operating Assets compare to SGOC and HHHH?
Noble Group's Scaled Net Operating Assets of 0.49 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Noble Group and its competitors. Noble Group's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Group stock overvalued right now?
Noble Group (NOBGY) has a current Scaled Net Operating Assets of 0.49. The current Scaled Net Operating Assets is 0.49. 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 Noble Group (NOBGY), the current Scaled Net Operating Assets is 0.49 as of Sep. 2018. 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.

Noble Group Business Description

Address 60 Anson Road, No. 19-01, Mapletree Anson, Singapore, SGP, Singapore
Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.