Glorious Creation (XCNQ:GCIT.X) Scaled Net Operating Assets : -0.05 (As of Dec. 2023)

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What is Glorious Creation 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.

Glorious Creation's operating assets for the quarter that ended in Dec. 2023 was C$0.02 Mil. Glorious Creation's operating liabilities for the quarter that ended in Dec. 2023 was C$0.03 Mil. Glorious Creation's Total Assets for the quarter that ended in Sep. 2023 was C$0.27 Mil. Therefore, Glorious Creation's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.05.

Glorious Creation Scaled Net Operating Assets Historical Data

The historical data trend for Glorious Creation'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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Glorious Creation Scaled Net Operating Assets Chart

Glorious Creation Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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-0.61

-2.17

-0.06

0.41

-0.02

Glorious Creation 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															0.13	0.10	0.14	0.10	-0.06

Competitive Comparison of Glorious Creation's Scaled Net Operating Assets

For the Shell Companies subindustry, Glorious Creation'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.

Glorious Creation's Scaled Net Operating Assets Distribution in the Diversified Financial Services Industry

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

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

Glorious Creation 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.

Glorious Creation'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 )
=	(0.017	-	0.032)	/	0.796
=	-0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.616	-	1.599
=	0.017

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.032	-	0	-	0
=	0.032

Glorious Creation'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 )
=	(0.017	-	0.032)	/	0.273
=	-0.05

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.616	-	1.599
=	0.017

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.032	-	0	-	0
=	0.032

Glorious Creation Scaled Net Operating Assets Related Terms

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Glorious Creation (XCNQ:GCIT.X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Glorious Creation Ltd (XCNQ:GCIT.X) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

http://www.gloriouscreationgroup.com

Glorious Creation Ltd is currently identifying and evaluating new potential assets or business acquisitions.

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