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The Shyft Group (The Shyft Group) Scaled Net Operating Assets : 0.69 (As of Mar. 2024)


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What is The Shyft Group 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.

The Shyft Group's operating assets for the quarter that ended in Mar. 2024 was $494.4 Mil. The Shyft Group's operating liabilities for the quarter that ended in Mar. 2024 was $129.9 Mil. The Shyft Group's Total Assets for the quarter that ended in Dec. 2023 was $530.0 Mil. Therefore, The Shyft Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.69.


The Shyft Group Scaled Net Operating Assets Historical Data

The historical data trend for The Shyft 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.

* Premium members only.

The Shyft Group Scaled Net Operating Assets Chart

The Shyft Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.56 0.79 0.87 0.65

The Shyft Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.67 0.64 0.77 0.70 0.69

Competitive Comparison of The Shyft Group's Scaled Net Operating Assets

For the Farm & Heavy Construction Machinery subindustry, The Shyft 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.


The Shyft Group's Scaled Net Operating Assets Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Scaled Net Operating Assets distribution charts can be found below:

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



The Shyft 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.

The Shyft Group'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 )
=(520.092-145.517)/580.481
=0.65

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=530.049 - 9.957
=520.092

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=277.883 - 86.868 - 45.498
=145.517

The Shyft Group'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: Dec. 2023 )
=(494.43-129.855)/530.049
=0.69

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=507.681 - 13.251
=494.43

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=260.856 - 101.897 - 29.104
=129.855

* 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.


The Shyft Group Scaled Net Operating Assets Related Terms

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The Shyft Group (The Shyft Group) Business Description

Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
Executives
Joshua A Sherbin officer: Chief Legal Officer 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Jonathan C Douyard officer: Chief Financial Officer C/O SPARTAN MOTORS, INC., 41280 BRIDGE STREET, NOVI MI 48375
Michael Dinkins director 6166 NW 85TH WAY, PARKLAND FL 33067
Terri Pizzuto director 3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515
Pamela L Kermisch director C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Mark B. Rourke director 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
James A. Sharman director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Jacob Owen Farmer officer: President, Specialty Vehicles C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Stephen K Guillaume officer: President, Specialty Chassis C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
John Albert Dunn officer: President Fleet Vehicles & Svc C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Hindman Colin E officer: Chief Human Resources Officer 3130 STONEY CREEK ROAD, OAKLAND MI 48363
Scott Matthew Ocholik officer: Chief Accounting Officer C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Carl A. Esposito director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Thomas R Clevinger director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Daryl M Adams officer: Chief Operating Officer C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813