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Ashtead Group (STU:0LC) Scaled Net Operating Assets : 0.83 (As of Jul. 2024)


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What is Ashtead 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.

Ashtead Group's operating assets for the quarter that ended in Jul. 2024 was €20,413 Mil. Ashtead Group's operating liabilities for the quarter that ended in Jul. 2024 was €3,674 Mil. Ashtead Group's Total Assets for the quarter that ended in Apr. 2024 was €20,179 Mil. Therefore, Ashtead Group's scaled net operating assets (SNOA) for the quarter that ended in Jul. 2024 was 0.83.


Ashtead Group Scaled Net Operating Assets Historical Data

The historical data trend for Ashtead 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.

Ashtead Group Scaled Net Operating Assets Chart

Ashtead Group Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.71 1.05 0.96 0.97

Ashtead Group Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.85 0.90 0.83 0.83 0.83

Competitive Comparison of Ashtead Group's Scaled Net Operating Assets

For the Rental & Leasing Services subindustry, Ashtead 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.


Ashtead Group's Scaled Net Operating Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's Scaled Net Operating Assets distribution charts can be found below:

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



Ashtead 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.

Ashtead Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Apr. 2024 )
=(Operating Assets (A: Apr. 2024 )-Operating Liabilities (A: Apr. 2024 ))/Total Assets (A: Apr. 2023 )
=(20159.626-3626.411)/17081.122
=0.97

where

Operating Assets(A: Apr. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20179.012 - 19.386
=20159.626

Operating Liabilities(A: Apr. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13576.164 - 9694.571 - 255.182
=3626.411

Ashtead Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jul. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jul. 2024 )
=(Operating Assets (Q: Jul. 2024 )-Operating Liabilities (Q: Jul. 2024 ))/Total Assets (Q: Apr. 2024 )
=(20413.357-3673.525)/20179.012
=0.83

where

Operating Assets(Q: Jul. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20429.031 - 15.674
=20413.357

Operating Liabilities(Q: Jul. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13610.841 - 9675.468 - 261.848
=3673.525

* 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.


Ashtead Group Scaled Net Operating Assets Related Terms

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Ashtead Group Business Description

Traded in Other Exchanges
Address
100 Cheapside, London, GBR, EC2V 6DT
Ashtead is an equipment rental business with operations in the US, Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the US where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.

Ashtead Group Headlines

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