SIQ Mountain Industries (TSXV:SIQ.H) Scaled Net Operating Assets : -0.26 (As of Feb. 2024)

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What is SIQ Mountain Industries 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.

SIQ Mountain Industries's operating assets for the quarter that ended in Feb. 2024 was C$0.00 Mil. SIQ Mountain Industries's operating liabilities for the quarter that ended in Feb. 2024 was C$0.03 Mil. SIQ Mountain Industries's Total Assets for the quarter that ended in Nov. 2023 was C$0.11 Mil. Therefore, SIQ Mountain Industries's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was -0.26.

SIQ Mountain Industries Scaled Net Operating Assets Historical Data

The historical data trend for SIQ Mountain Industries'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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SIQ Mountain Industries Scaled Net Operating Assets Chart

SIQ Mountain Industries Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Scaled Net Operating Assets

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0.20

0.25

-0.13

-2.47

-3.50

SIQ Mountain Industries Quarterly Data
	May19	Aug19	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															-10.00	-27.50	-39.67	-5.83	-0.26

Competitive Comparison of SIQ Mountain Industries's Scaled Net Operating Assets

For the Conglomerates subindustry, SIQ Mountain Industries'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.

SIQ Mountain Industries's Scaled Net Operating Assets Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, SIQ Mountain Industries's Scaled Net Operating Assets distribution charts can be found below:

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

SIQ Mountain Industries 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.

SIQ Mountain Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Aug. 2022 )
=	(Operating Assets (A: Aug. 2022 )	-	Operating Liabilities (A: Aug. 2022 ))	/	Total Assets (A: Aug. 2021 )
=	(0.003	-	0.087)	/	0.024
=	-3.50

where

	Operating Assets		(A: Aug. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.005	-	0.002
=	0.003

	Operating Liabilities		(A: Aug. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.087	-	0	-	0
=	0.087

SIQ Mountain Industries'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 )
=	(0.001	-	0.029)	/	0.109
=	-0.26

where

	Operating Assets		(Q: Feb. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.089	-	0.088
=	0.001

	Operating Liabilities		(Q: Feb. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.029	-	0	-	0
=	0.029

SIQ Mountain Industries Scaled Net Operating Assets Related Terms

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SIQ Mountain Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » SIQ Mountain Industries Inc (TSXV:SIQ.H) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

13966 18B Avenue, South Surrey, BC, CAN, V4A 8J1

Website

http://www.siqmountain.com

SIQ Mountain Industries Inc is an early stage development organization focused on the design, engineering, marketing, production and distribution of various proprietary outdoor sports entertainment products. The company offers equipment, apparels accessories which include SiQride, efoil, hoodies, SiQ logo stickers among others.

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