Titanium Transportation Group (Titanium Transportation Group) Scaled Net Operating Assets : 0.83 (As of Mar. 2024)

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What is Titanium Transportation Group 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.

Titanium Transportation Group's operating assets for the quarter that ended in Mar. 2024 was $260.5 Mil. Titanium Transportation Group's operating liabilities for the quarter that ended in Mar. 2024 was $39.6 Mil. Titanium Transportation Group's Total Assets for the quarter that ended in Dec. 2023 was $265.4 Mil. Therefore, Titanium Transportation Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.83.

Titanium Transportation Group Scaled Net Operating Assets Historical Data

The historical data trend for Titanium Transportation Group'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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Titanium Transportation Group Scaled Net Operating Assets Chart

Titanium Transportation Group Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.79

1.16

0.78

1.09

Titanium Transportation Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.69	0.68	0.92	0.84	0.83

Competitive Comparison of Titanium Transportation Group's Scaled Net Operating Assets

For the Integrated Freight & Logistics subindustry, Titanium Transportation Group'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.

Titanium Transportation Group's Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Titanium Transportation Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Titanium Transportation Group's Scaled Net Operating Assets falls into.

Titanium Transportation Group 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.

Titanium Transportation Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(258.394	-	32.976)	/	206.95
=	1.09

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	265.351	-	6.957
=	258.394

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	187.422	-	105.603	-	48.843
=	32.976

Titanium Transportation Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(260.494	-	39.594)	/	265.351
=	0.83

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	260.494	-	0
=	260.494

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	182.394	-	101.549	-	41.251
=	39.594

Titanium Transportation Group Scaled Net Operating Assets Related Terms

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Titanium Transportation Group (Titanium Transportation Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Titanium Transportation Group Inc (OTCPK:TTNMF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

TTNM:Canada

Address

32 Simpson Road, Bolton, ON, CAN, L7E 1G9

Website

https://www.ttgi.com

Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Most of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.