CTS Co (TSE:4345) Scaled Net Operating Assets : 0.40 (As of Dec. 2023)

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What is CTS Co 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.

CTS Co's operating assets for the quarter that ended in Dec. 2023 was 円9,442 Mil. CTS Co's operating liabilities for the quarter that ended in Dec. 2023 was 円3,116 Mil. CTS Co's Total Assets for the quarter that ended in Sep. 2023 was 円15,684 Mil. Therefore, CTS Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.40.

CTS Co Scaled Net Operating Assets Historical Data

The historical data trend for CTS Co'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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CTS Co Scaled Net Operating Assets Chart

CTS Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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0.29

0.35

0.42

0.53

0.44

CTS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.35	0.43	0.41	0.42	0.40

Competitive Comparison of CTS Co's Scaled Net Operating Assets

For the Rental & Leasing Services subindustry, CTS Co'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.

CTS Co's Scaled Net Operating Assets Distribution in the Business Services Industry

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

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

CTS Co 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.

CTS Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(8469	-	2210)	/	14361
=	0.44

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	14741	-	6272
=	8469

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4160	-	1183	-	767
=	2210

CTS Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(9442	-	3116)	/	15684
=	0.40

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	15684	-	6242
=	9442

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4257	-	1141	-	0
=	3116

CTS Co Scaled Net Operating Assets Related Terms

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CTS Co (TSE:4345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CTS Co Ltd (TSE:4345) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

115 Kuriyasu, Nagano Prefecture, Ueda, JPN

Website

http://www.cts-h.co.jp

CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.

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