Toro (TORO) Scaled Net Operating Assets : 0.42 (As of Mar. 2024)

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What is Toro 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.

Toro's operating assets for the quarter that ended in Mar. 2024 was $134.52 Mil. Toro's operating liabilities for the quarter that ended in Mar. 2024 was $5.32 Mil. Toro's Total Assets for the quarter that ended in Dec. 2023 was $308.10 Mil. Therefore, Toro's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.42.

Toro Scaled Net Operating Assets Historical Data

The historical data trend for Toro'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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Toro Scaled Net Operating Assets Chart

Toro Annual Data

Trend

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.93

0.90

0.93

Toro Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial						0.67	0.63	0.69	0.52	0.42

Competitive Comparison of Toro's Scaled Net Operating Assets

For the Marine Shipping subindustry, Toro'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.

Toro's Scaled Net Operating Assets Distribution in the Transportation Industry

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

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

Toro 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.

Toro'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 )
=	(152.869	-	6.549)	/	157.479
=	0.93

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	308.104	-	155.235
=	152.869

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11.762	-	3.902	-	1.311
=	6.549

Toro'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 )
=	(134.517	-	5.322)	/	308.104
=	0.42

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	320.929	-	186.412
=	134.517

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5.322	-	0	-	0
=	5.322

Toro Scaled Net Operating Assets Related Terms

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Toro (TORO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Toro Corp (NAS:TORO) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

D0Y:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.torocorp.com

Toro Corp acquires, owns, charters, and operates oceangoing tanker vessels and provides worldwide seaborne transportation services for crude oil and refined petroleum products. It operates in two reportable segments: the Aframax tanker and Handysize tanker. The company generates maximum revenue from the Aframax tanker segment.