NVGT (Novagant) Scaled Net Operating Assets: -4.27 (As of Dec. 2023)


What is Novagant Scaled Net Operating Assets?

Novagant NVGT Scaled Net Operating Assets is -4.27 as of Dec. 2023.

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

Novagant's operating assets for the quarter that ended in Dec. 2023 was $0.01 Mil. Novagant's operating liabilities for the quarter that ended in Dec. 2023 was $0.20 Mil. Novagant's Total Assets for the quarter that ended in Sep. 2023 was $0.04 Mil. Therefore, Novagant's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -4.27.

Novagant Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Novagant'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.

Novagant Scaled Net Operating Assets Chart

Novagant Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Mar21 Mar22 Mar23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 -5.82 -5.51

Novagant Quarterly Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -2.60 -4.97 -4.02 -4.07 -4.27

NVGT vs UPS, FDX, JBHT: Scaled Net Operating Assets Comparison

For the Integrated Freight & Logistics subindustry, Novagant'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.

Novagant Scaled Net Operating Assets vs Transportation Industry

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

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


Novagant 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.

Novagant's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2023 )
=(Operating Assets (A: Mar. 2023 )-Operating Liabilities (A: Mar. 2023 ))/Total Assets (A: Mar. 2022 )
=(0.014-0.317)/0.055
=-5.51

where

Operating Assets(A: Mar. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.052 - 0.038
=0.014

Operating Liabilities(A: Mar. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.326 - 0.002 - 0.007
=0.317

Novagant's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(0.01-0.198)/0.044
=-4.27

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.033 - 0.023
=0.01

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.358 - 0 - 0.16
=0.198

* 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 -4.27 mean?
Novagant (NVGT) has a Scaled Net Operating Assets of -4.27 as of Dec. 2023. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Novagant and its competitors.
Is Novagant's Scaled Net Operating Assets too high?
Novagant's current Scaled Net Operating Assets is -4.27.
How does Novagant's Scaled Net Operating Assets compare to UPS and FDX?
Novagant's Scaled Net Operating Assets of -4.27 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Novagant and its competitors. Novagant's current Scaled Net Operating Assets is -4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novagant stock overvalued right now?
Novagant (NVGT) has a current Scaled Net Operating Assets of -4.27. The current Scaled Net Operating Assets is -4.27. 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 Novagant (NVGT), the current Scaled Net Operating Assets is -4.27 as of Dec. 2023. 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.

Novagant Business Description

Address Landmark East, 100 How Ming Street, Suite 2006, AIA Kowloon Tower, KT, Hong Kong, HKG, 19801
Novagant Corp through its subsidiary is a logistics service provider in Hong Kong. The company particularly specialized in Fast Moving Consumer Goods (FMCG) and Health Care Products. It generates revenue from the Air/ocean freight services income.