NEXE Innovations (TSXV:NEXE) Scaled Net Operating Assets : 0.66 (As of Feb. 2024)

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What is NEXE Innovations 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.

NEXE Innovations's operating assets for the quarter that ended in Feb. 2024 was C$28.11 Mil. NEXE Innovations's operating liabilities for the quarter that ended in Feb. 2024 was C$2.08 Mil. NEXE Innovations's Total Assets for the quarter that ended in Nov. 2023 was C$39.49 Mil. Therefore, NEXE Innovations's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was 0.66.

NEXE Innovations Scaled Net Operating Assets Historical Data

The historical data trend for NEXE Innovations'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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NEXE Innovations Scaled Net Operating Assets Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Scaled Net Operating Assets

0.54

0.53

0.31

0.51

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Scaled Net Operating Assets	Get a 7-Day Free Trial													0.54	0.55	0.60	0.63	0.66

Competitive Comparison of NEXE Innovations's Scaled Net Operating Assets

For the Packaging & Containers subindustry, NEXE Innovations'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.

NEXE Innovations's Scaled Net Operating Assets Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, NEXE Innovations's Scaled Net Operating Assets distribution charts can be found below:

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

NEXE Innovations 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.

NEXE Innovations's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: May. 2023 )
=	(Operating Assets (A: May. 2023 )	-	Operating Liabilities (A: May. 2023 ))	/	Total Assets (A: May. 2022 )
=	(27.748	-	2.883)	/	49.17
=	0.51

where

	Operating Assets		(A: May. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	43.358	-	15.61
=	27.748

	Operating Liabilities		(A: May. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.868	-	0.666	-	0.319
=	2.883

NEXE Innovations's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Feb. 2024 )
=	(Operating Assets (Q: Feb. 2024 )	-	Operating Liabilities (Q: Feb. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(28.114	-	2.081)	/	39.487
=	0.66

where

	Operating Assets		(Q: Feb. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	38.035	-	9.921
=	28.114

	Operating Liabilities		(Q: Feb. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.833	-	0.378	-	0.374
=	2.081

NEXE Innovations Scaled Net Operating Assets Related Terms

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NEXE Innovations (TSXV:NEXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

NEXNF:USA NX5:Germany

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.

Executives

Ashvani Guglani

Director

NEXE Innovations (TSXV:NEXE) Headlines

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