Canso Select Opportunities Fund (TSX:SCW.UN) Scaled Net Operating Assets: 0.29 (As of Jun. 2018)


What is Canso Select Opportunities Fund Scaled Net Operating Assets?

Canso Select Opportunities Fund TSX:SCW.UN Scaled Net Operating Assets is 0.29 as of Jun. 2018.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Canso Select Opportunities Fund's operating assets for the quarter that ended in Jun. 2018 was C$16.50 Mil. Canso Select Opportunities Fund's operating liabilities for the quarter that ended in Jun. 2018 was C$2.21 Mil. Canso Select Opportunities Fund's Total Assets for the quarter that ended in Dec. 2017 was C$49.08 Mil. Therefore, Canso Select Opportunities Fund's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2018 was 0.29.

Canso Select Opportunities Fund Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund Scaled Net Operating Assets Chart

Canso Select Opportunities Fund Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17
Scaled Net Operating Assets
0.60 -0.25 -0.24 0.50 0.34

Canso Select Opportunities Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.83 0.44 0.54 0.29

Canso Select Opportunities Fund Scaled Net Operating Assets Competitor Comparison

For the Asset Management subindustry, Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Canso Select Opportunities Fund's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Canso Select Opportunities Fund's Scaled Net Operating Assets falls into.


Canso Select Opportunities Fund 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.

Canso Select Opportunities Fund'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 )
=(39.136-9.615)/85.803
=0.34

where

Operating Assets(A: Dec. 2017 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=49.083 - 9.947
=39.136

Operating Liabilities(A: Dec. 2017 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9.615 - 0 - 0
=9.615

Canso Select Opportunities Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2018 )
=(Operating Assets (Q: Jun. 2018 )-Operating Liabilities (Q: Jun. 2018 ))/Total Assets (Q: Dec. 2017 )
=(16.499-2.209)/49.083
=0.29

where

Operating Assets(Q: Jun. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17.706 - 1.207
=16.499

Operating Liabilities(Q: Jun. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.209 - 0 - 0
=2.209

* 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.

What does a Scaled Net Operating Assets of 0.29 mean?
Canso Select Opportunities Fund (TSX:SCW.UN) has a Scaled Net Operating Assets of 0.29 as of Jun. 2018. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Canso Select Opportunities Fund and its competitors.
Is Canso Select Opportunities Fund's Scaled Net Operating Assets too high?
Canso Select Opportunities Fund's current Scaled Net Operating Assets is 0.29.
How does Canso Select Opportunities Fund's Scaled Net Operating Assets compare to competitors?
Canso Select Opportunities Fund's Scaled Net Operating Assets of 0.29 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Canso Select Opportunities Fund and its competitors. Canso Select Opportunities Fund's current Scaled Net Operating Assets is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canso Select Opportunities Fund stock overvalued right now?
Canso Select Opportunities Fund (TSX:SCW.UN) has a current Scaled Net Operating Assets of 0.29. The current Scaled Net Operating Assets is 0.29. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Canso Select Opportunities Fund (TSX:SCW.UN), the current Scaled Net Operating Assets is 0.29 as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canso Select Opportunities Fund Business Description

Address 4000 - 3080 Yonge Street, Toronto, ON, CAN, M4N 3N1
Canso Select Opportunities Fund is a Canadian closed-end investment fund which seeks to maximize total returns for unitholders and provide attractive monthly cash distributions. The fund invests in an actively managed and diversified portfolio of corporate bonds and equities. The revenue generated by the company includes interest, dividend, accrued interest, income on investment and other income.