Surani Steel Tubes (NSE:SURANI) Scaled Net Operating Assets : 1.26 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Surani Steel Tubes 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.

Surani Steel Tubes's operating assets for the quarter that ended in Mar. 2024 was ₹997 Mil. Surani Steel Tubes's operating liabilities for the quarter that ended in Mar. 2024 was ₹35 Mil. Surani Steel Tubes's Total Assets for the quarter that ended in Sep. 2023 was ₹766 Mil. Therefore, Surani Steel Tubes's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 1.26.

Surani Steel Tubes Scaled Net Operating Assets Historical Data

The historical data trend for Surani Steel Tubes'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.

* Premium members only.

Surani Steel Tubes Scaled Net Operating Assets Chart

Surani Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Scaled Net Operating Assets

Get a 7-Day Free Trial

0.85

0.86

0.87

0.65

2.32

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial											0.87	-	-	1.73	1.26

Competitive Comparison of Surani Steel Tubes's Scaled Net Operating Assets

For the Steel subindustry, Surani Steel Tubes'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.

Surani Steel Tubes's Scaled Net Operating Assets Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Surani Steel Tubes's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Surani Steel Tubes's Scaled Net Operating Assets falls into.

Surani Steel Tubes 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.

Surani Steel Tubes's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2024 )
=	(Operating Assets (A: Mar. 2024 )	-	Operating Liabilities (A: Mar. 2024 ))	/	Total Assets (A: Mar. 2023 )
=	(996.57	-	35.051)	/	413.871
=	2.32

where

	Operating Assets		(A: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1342.135	-	345.565
=	996.57

	Operating Liabilities		(A: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	458.671	-	0	-	423.62
=	35.051

Surani Steel Tubes's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Sep. 2023 )
=	(996.57	-	35.051)	/	766.034
=	1.26

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1342.135	-	345.565
=	996.57

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	458.671	-	0	-	423.62
=	35.051

Surani Steel Tubes Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Surani Steel Tubes's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Surani Steel Tubes (NSE:SURANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

Surani Steel Tubes (NSE:SURANI) Headlines

No Headlines