NTBLQ (Notable Labs) Scaled Net Operating Assets: 0.31 (As of Jun. 2024)


What is Notable Labs Scaled Net Operating Assets?

Notable Labs NTBLQ -90.00% Scaled Net Operating Assets is 0.31 as of Jun. 2024.

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

Notable Labs's operating assets for the quarter that ended in Jun. 2024 was $6.91 Mil. Notable Labs's operating liabilities for the quarter that ended in Jun. 2024 was $2.02 Mil. Notable Labs's Total Assets for the quarter that ended in Mar. 2024 was $15.60 Mil. Therefore, Notable Labs's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.31.

Notable Labs Scaled Net Operating Assets Historical Data

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The historical data trend for Notable Labs'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.

Notable Labs Scaled Net Operating Assets Chart

Notable Labs Annual Data
Trend Dec21 Dec22 Dec23
Scaled Net Operating Assets
-6.52 -4.50 0.97

Notable Labs Quarterly Data
Dec21 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.00 0.00 0.27 0.31

NTBLQ vs VRTX, REGN, ALNY: Scaled Net Operating Assets Comparison

For the Biotechnology subindustry, Notable Labs'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.

Notable Labs Scaled Net Operating Assets vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Notable Labs's Scaled Net Operating Assets distribution charts can be found below:

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


Notable Labs 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.

Notable Labs'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 )
=(7.716-2.378)/5.511
=0.97

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19.541 - 11.825
=7.716

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.427 - 1.526 - 0.523
=2.378

Notable Labs'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: Mar. 2024 )
=(6.912-2.023)/15.598
=0.31

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11.004 - 4.092
=6.912

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.818 - 1.249 - 0.546
=2.023

* 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 0.31 mean?
Notable Labs (NTBLQ) has a Scaled Net Operating Assets of 0.31 as of Jun. 2024. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Notable Labs and its competitors.
Is Notable Labs' Scaled Net Operating Assets too high?
Notable Labs' current Scaled Net Operating Assets is 0.31.
How does Notable Labs' Scaled Net Operating Assets compare to VRTX and REGN?
Notable Labs' Scaled Net Operating Assets of 0.31 can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Scaled Net Operating Assets depends on the Biotechnology 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 Notable Labs and its competitors. Notable Labs's current Scaled Net Operating Assets is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Notable Labs stock overvalued right now?
Notable Labs (NTBLQ) has a current Scaled Net Operating Assets of 0.31. The current Scaled Net Operating Assets is 0.31. 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 Notable Labs (NTBLQ), the current Scaled Net Operating Assets is 0.31 as of Jun. 2024. 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.

Notable Labs Business Description

Address 320 Hatch Drive, Foster City, CA, USA, 94404
Notable Labs Ltd is a clinical-stage platform therapeutics company developing predictive precision medicines for patients with cancer. Through its proprietary Predictive Precision Medicines Platform (PPMP), Notable bio-simulates a cancer treatment to predict whether or not a patient is likely to respond to that specific therapeutic. PPMP is designed to enable Notable to identify and select patients expected to be clinically responsive before the initiation of their treatment and potentially enable fast-track therapeutic development in this patient population.