Technovative Group (Technovative Group) Scaled Net Operating Assets : 0.48 (As of Sep. 2018)

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What is Technovative 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.

Technovative Group's operating assets for the quarter that ended in Sep. 2018 was $4.62 Mil. Technovative Group's operating liabilities for the quarter that ended in Sep. 2018 was $2.12 Mil. Technovative Group's Total Assets for the quarter that ended in Jun. 2018 was $5.19 Mil. Therefore, Technovative Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2018 was 0.48.

Technovative Group Scaled Net Operating Assets Historical Data

The historical data trend for Technovative 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.

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Technovative Group Scaled Net Operating Assets Chart

Technovative Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Scaled Net Operating Assets

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-0.52

0.98

-2.84

-0.29

-0.47

Technovative Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Scaled Net Operating Assets	Get a 7-Day Free Trial															-1.13	-0.80	0.71	0.54	0.48

Competitive Comparison of Technovative Group's Scaled Net Operating Assets

For the Software - Application subindustry, Technovative 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.

Technovative Group's Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, Technovative Group's Scaled Net Operating Assets distribution charts can be found below:

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

Technovative 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.

Technovative Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2017 )
=	(Operating Assets (A: Dec. 2017 )	-	Operating Liabilities (A: Dec. 2017 ))	/	Total Assets (A: Dec. 2016 )
=	(4.233	-	4.645)	/	0.886
=	-0.47

where

	Operating Assets		(A: Dec. 2017 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	4.637	-	0.404
=	4.233

	Operating Liabilities		(A: Dec. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4.901	-	0	-	0.256
=	4.645

Technovative Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2018 )
=	(Operating Assets (Q: Sep. 2018 )	-	Operating Liabilities (Q: Sep. 2018 ))	/	Total Assets (Q: Jun. 2018 )
=	(4.616	-	2.122)	/	5.189
=	0.48

where

	Operating Assets		(Q: Sep. 2018 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	5.191	-	0.575
=	4.616

	Operating Liabilities		(Q: Sep. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.101	-	0	-	0.979
=	2.122

Technovative Group Scaled Net Operating Assets Related Terms

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Technovative Group (Technovative Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Technovative Group Inc (GREY:TEHG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 701, 7th Floor, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.technovative.co

Technovative Group Inc is a technology software development company focused in the financial technology industry by providing blockchain solutions and big data analytics technologies to financial service institutions in the Greater China Region and the Southeast Asia Region. The company's product consists of Hedu SmartSuite, SmartCon, SmartTrader, and SmartWallet. The company earns revenue in the form of subscription, referral fees, and services, and data analytics and market research.

Technovative Group (Technovative Group) Headlines

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TECHNOVATIVE GROUP INC., SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH JOGET, INC.

By Marketwired Marketwired • 09-24-2018