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Velocity Acquisition (Velocity Acquisition) Scaled Net Operating Assets : 0.96 (As of Sep. 2022)


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What is Velocity 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.

Velocity Acquisition's operating assets for the quarter that ended in Sep. 2022 was $231.30 Mil. Velocity Acquisition's operating liabilities for the quarter that ended in Sep. 2022 was $9.92 Mil. Velocity Acquisition's Total Assets for the quarter that ended in Jun. 2022 was $230.87 Mil. Therefore, Velocity Acquisition's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2022 was 0.96.

Velocity Acquisition Scaled Net Operating Assets Historical Data

The historical data trend for Velocity Acquisition'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.

* Premium members only.

Velocity Acquisition Scaled Net Operating Assets Chart

Velocity Acquisition Annual Data
Trend Dec20 Dec21
Scaled Net Operating Assets
0.25 949.03

Velocity Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Scaled Net Operating Assets Get a 7-Day Free Trial 0.92 0.93 0.94 0.95 0.96

Competitive Comparison of Velocity Acquisition's Scaled Net Operating Assets

For the Shell Companies subindustry, Velocity Acquisition'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.

Velocity Acquisition's Scaled Net Operating Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Velocity Acquisition's Scaled Net Operating Assets distribution charts can be found below:

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


Velocity 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.

Velocity Acquisition's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2021 )
=(Operating Assets (A: Dec. 2021 )-Operating Liabilities (A: Dec. 2021 ))/Total Assets (A: Dec. 2020 )
=(230.381-14.951)/0.227
=949.03

where

Operating Assets(A: Dec. 2021 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=231.57 - 1.189
=230.381

Operating Liabilities(A: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.951 - 0 - 0
=14.951

Velocity Acquisition's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2022 )
=(Operating Assets (Q: Sep. 2022 )-Operating Liabilities (Q: Sep. 2022 ))/Total Assets (Q: Jun. 2022 )
=(231.297-9.917)/230.871
=0.96

where

Operating Assets(Q: Sep. 2022 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=231.66 - 0.363
=231.297

Operating Liabilities(Q: Sep. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9.917 - 0 - 0
=9.917

* 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.

Velocity Acquisition Scaled Net Operating Assets Related Terms

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Velocity Acquisition (Velocity Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Velocity Acquisition Corp (NAS:VELO) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
Website
https://www.velocityacq.co
Velocity Acquisition Corp is a blank check company.
Executives
Nicolas Brien officer: Chief Strategy Officer C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Ramin Arani director C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Garrett Schreiber officer: Chief Financial Officer 3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda director 3 MINETTA STREET, NEW YORK NY 10012
Michael Lastoria director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Steve Kassin director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Adrian Covey director, officer: Chief Executive Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Carla Hendra director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Judge Graham officer: Chief Digital Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Manager Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877