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Workhorse Group (Workhorse Group) Scaled Net Operating Assets : 0.59 (As of Dec. 2023)


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What is Workhorse 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.

Workhorse Group's operating assets for the quarter that ended in Dec. 2023 was $115.83 Mil. Workhorse Group's operating liabilities for the quarter that ended in Dec. 2023 was $29.54 Mil. Workhorse Group's Total Assets for the quarter that ended in Sep. 2023 was $146.30 Mil. Therefore, Workhorse Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.59.


Workhorse Group Scaled Net Operating Assets Historical Data

The historical data trend for Workhorse 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.

* Premium members only.

Workhorse Group Scaled Net Operating Assets Chart

Workhorse Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.67 10.80 - 0.09 0.47

Workhorse Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.20 0.30 0.47 0.59

Competitive Comparison of Workhorse Group's Scaled Net Operating Assets

For the Auto Manufacturers subindustry, Workhorse 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.


Workhorse Group's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Workhorse Group's Scaled Net Operating Assets distribution charts can be found below:

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



Workhorse 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.

Workhorse 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 )
=(115.829-29.541)/182.742
=0.47

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=141.675 - 25.846
=115.829

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=58.563 - 5.281 - 23.741
=29.541

Workhorse Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(115.829-29.541)/146.299
=0.59

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=141.675 - 25.846
=115.829

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=58.563 - 5.281 - 23.741
=29.541

* 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.


Workhorse Group Scaled Net Operating Assets Related Terms

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Workhorse Group (Workhorse Group) Business Description

Traded in Other Exchanges
Address
3600 Park 42 Drive, Suite 160E, Sharonville, OH, USA, 45241
Workhorse Group Inc is a technology company. It designs, develops, manufactures, and sells high-performance, medium-duty trucks with powertrain components under the Workhorse chassis brand. The company's products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100. E-GEN is an electric drive, transmission-free system, which has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. E-100, an all-electric, medium-duty truck, is an electric power train. The company generates key revenue from the Automotive Revenue which consists of sales of any of its E-GEN or E-100 platforms.
Executives
Jean Botti director 3600 PARK 42 DRIVE, SUITE 160E, SHARONVILLE OH 45241
Brandon Torres Declet director C/O MEASURE GLOBAL INC., 1701 RHODE ISLAND AVENUE NW, STE 05-103, WASHINGTON DC 20036
Stanley Raymond March officer: VP, Business Development 100 COMMERCE DRIVE, LOVELAND OH 45140
Michael Laurence Clark director 828 PRESIDENT STREET, BROOKLYN NY 11215
Jacqueline A Dedo director 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Raymond Joseph Chess director 1084 ANDANTE CT, OXFORD MI 48370
Richard F Dauch director, officer: Chief Executive Officer C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Harry Demott director C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE, LOVELAND OH 45140
Austin Scott Miller director 100 COMMERCE STREET, LOVELAND OH 45140
James Peters officer: VP, Supply Chain Management 100 COMMERCE STREET, LOVELAND OH 45140
Pamela S. Mader director 2522 N 600 E, CRAIGVILLE IN 46731
Quigley William G Iii director
Joshua Joseph Anderson officer: Chief Technology Officer 100 COMMERCE DRIVE, LOVELAND OH 45140
Ryan Wesley Gaul officer: President, Commercial Vehicles 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
John Wesley Graber officer: President, Aerospace C/O ABX AIR, INC., 145 HUNTER DRIVE, WILMINGTON OH 45039