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Standard Mercantile Acquisition (TSX:SMA) Scaled Net Operating Assets : 0.26 (As of Jun. 2023)


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What is Standard Mercantile Acquisition 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.

Standard Mercantile Acquisition's operating assets for the quarter that ended in Jun. 2023 was C$2.23 Mil. Standard Mercantile Acquisition's operating liabilities for the quarter that ended in Jun. 2023 was C$0.04 Mil. Standard Mercantile Acquisition's Total Assets for the quarter that ended in Mar. 2023 was C$8.29 Mil. Therefore, Standard Mercantile Acquisition's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2023 was 0.26.

Standard Mercantile Acquisition 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.

Standard Mercantile Acquisition's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(7.872-0.142)/10.92
=0.71

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8.226 - 0.354
=7.872

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.142 - 0 - 0
=0.142

Standard Mercantile Acquisition's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2023 )
=(Operating Assets (Q: Jun. 2023 )-Operating Liabilities (Q: Jun. 2023 ))/Total Assets (Q: Mar. 2023 )
=(2.231-0.038)/8.285
=0.26

where

Operating Assets(Q: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5.408 - 3.177
=2.231

Operating Liabilities(Q: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.038 - 0 - 0
=0.038

* 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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Standard Mercantile Acquisition (TSX:SMA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Standard Mercantile Acquisition Corp (TSX:SMA) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9
Website
https://www.standardmercantileacquisition.com
Standard Mercantile Acquisition Corp is focused on monetizing its remaining mortgage assets and is seeking a target acquisition to enable its shareholders to participate in the potential future value of the company's public listing through a merger transaction with a private operating business.