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BEST Venture Opportunities Fund (XCNQ:BVOF.B) Scaled Net Operating Assets : -0.90 (As of Aug. 2024)


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What is BEST Venture Opportunities Fund 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.

BEST Venture Opportunities Fund's operating assets for the quarter that ended in Aug. 2024 was C$0.04 Mil. BEST Venture Opportunities Fund's operating liabilities for the quarter that ended in Aug. 2024 was C$13.40 Mil. BEST Venture Opportunities Fund's Total Assets for the quarter that ended in Feb. 2024 was C$14.80 Mil. Therefore, BEST Venture Opportunities Fund's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2024 was -0.90.

BEST Venture Opportunities Fund Scaled Net Operating Assets Historical Data

The historical data trend for BEST Venture Opportunities Fund'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.

BEST Venture Opportunities Fund Scaled Net Operating Assets Chart

BEST Venture Opportunities Fund Annual Data
Trend Aug21 Aug22 Aug23 Aug24
Scaled Net Operating Assets
-0.99 -0.91 -1.16 -0.90

BEST Venture Opportunities Fund Semi-Annual Data
Aug21 Aug22 Feb23 Aug23 Feb24 Aug24
Scaled Net Operating Assets Get a 7-Day Free Trial -0.91 - - -1.00 -0.90

Competitive Comparison of BEST Venture Opportunities Fund's Scaled Net Operating Assets

For the Asset Management subindustry, BEST Venture Opportunities Fund'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.

BEST Venture Opportunities Fund's Scaled Net Operating Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BEST Venture Opportunities Fund's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where BEST Venture Opportunities Fund's Scaled Net Operating Assets falls into.


BEST Venture Opportunities Fund 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.

BEST Venture Opportunities Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2024 )
=(Operating Assets (A: Aug. 2024 )-Operating Liabilities (A: Aug. 2024 ))/Total Assets (A: Aug. 2023 )
=(0.036-13.398)/14.792
=-0.90

where

Operating Assets(A: Aug. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13.398 - 13.362
=0.036

Operating Liabilities(A: Aug. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.398 - 0 - 0
=13.398

BEST Venture Opportunities Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Aug. 2024 )
=(Operating Assets (Q: Aug. 2024 )-Operating Liabilities (Q: Aug. 2024 ))/Total Assets (Q: Feb. 2024 )
=(0.036-13.398)/14.802
=-0.90

where

Operating Assets(Q: Aug. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13.398 - 13.362
=0.036

Operating Liabilities(Q: Aug. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13.398 - 0 - 0
=13.398

* 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.

BEST Venture Opportunities Fund Scaled Net Operating Assets Related Terms

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BEST Venture Opportunities Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BEST Venture Opportunities Fund Inc (XCNQ:BVOF.B) » Definitions » Scaled Net Operating Assets
Comparable Companies
XCNQ:TEAM TSX:SMA XCNQ:EATS XCNQ:GPK TSXV:PXI XCNQ:BLGV TSX:SBN XCNQ:BLR XCNQ:BRCH XCNQ:LLL BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
BVOF.A:Canada
Address
120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1
Website
http://www.bestfunds.ca
BEST Venture Opportunities Fund Inc is registered as a Labour Sponsored Investment Fund Corporation. The Fund seeks to achieve long-term capital appreciation by investing its assets in accordance with the requirements of the Community Small Business Investment Funds Act (Ontario) and the Income Tax Act (Canada). It diversifies its portfolio by investing in a variety of industries and stages of development including mature, expansion, acquisition, start-up, and turnaround stages.

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