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Provident Acquisition (Provident Acquisition) Scaled Net Operating Assets : 0.94 (As of Jun. 2022)


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What is Provident Acquisition 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.

Provident Acquisition's operating assets for the quarter that ended in Jun. 2022 was $230.54 Mil. Provident Acquisition's operating liabilities for the quarter that ended in Jun. 2022 was $13.39 Mil. Provident Acquisition's Total Assets for the quarter that ended in Mar. 2022 was $230.52 Mil. Therefore, Provident Acquisition's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2022 was 0.94.

Provident Acquisition Scaled Net Operating Assets Historical Data

The historical data trend for Provident Acquisition'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.

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Provident Acquisition Scaled Net Operating Assets Chart

Provident Acquisition Annual Data
Trend Dec20 Dec21
Scaled Net Operating Assets
0.58 1,244.41

Provident Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Scaled Net Operating Assets Get a 7-Day Free Trial 0.90 0.91 0.92 0.92 0.94

Competitive Comparison of Provident Acquisition's Scaled Net Operating Assets

For the Shell Companies subindustry, Provident Acquisition'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.

Provident Acquisition's Scaled Net Operating Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Provident Acquisition's Scaled Net Operating Assets distribution charts can be found below:

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


Provident Acquisition 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.

Provident Acquisition's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2021 )
=(Operating Assets (A: Dec. 2021 )-Operating Liabilities (A: Dec. 2021 ))/Total Assets (A: Dec. 2020 )
=(230.422-18.872)/0.17
=1,244.41

where

Operating Assets(A: Dec. 2021 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=230.846 - 0.424
=230.422

Operating Liabilities(A: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.872 - 0 - 0
=18.872

Provident Acquisition's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2022 )
=(Operating Assets (Q: Jun. 2022 )-Operating Liabilities (Q: Jun. 2022 ))/Total Assets (Q: Mar. 2022 )
=(230.54-13.387)/230.519
=0.94

where

Operating Assets(Q: Jun. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=231.019 - 0.479
=230.54

Operating Liabilities(Q: Jun. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.787 - 0 - 0.4
=13.387

* 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.

Provident Acquisition Scaled Net Operating Assets Related Terms

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Provident Acquisition (Provident Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Provident Acquisition Corp (NAS:PAQC) » Definitions » Scaled Net Operating Assets
Comparable Companies
BLTS ARBG NOAC ASPC PTIC BHAC SCUA VII FVT BOAS GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
142 - 146 Queen’s Road Central, Unit 11C/D, Kimley Commercial Building, Hong Kong, HKG
Website
Provident Acquisition Corp is a blank check company.
Executives
Kenneth W Hitchner director C/O SAPPHIRE QI LI, ONE EXCHANGE SQUARE, 8 CONNAUGHT PLACE SUITE 3508, CENTRAL K3 00000
Andrew Joseph Hoffmann director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Winato Kartono director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Beng Michael Aw Soon director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Williamson John Mackay Mcculloch director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Charles Mark Broadley director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Provident Acquisition Holdings Ltd. director, 10 percent owner UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000