SureNano Sciences (XCNQ:SURE) Scaled Net Operating Assets : -0.85 (As of Mar. 2024)

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What is SureNano Sciences 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.

SureNano Sciences's operating assets for the quarter that ended in Mar. 2024 was C$0.02 Mil. SureNano Sciences's operating liabilities for the quarter that ended in Mar. 2024 was C$0.17 Mil. SureNano Sciences's Total Assets for the quarter that ended in Dec. 2023 was C$0.18 Mil. Therefore, SureNano Sciences's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.85.

SureNano Sciences Scaled Net Operating Assets Historical Data

The historical data trend for SureNano Sciences'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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SureNano Sciences Scaled Net Operating Assets Chart

SureNano Sciences Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Scaled Net Operating Assets

0.02

-0.02

-0.03

-0.49

SureNano Sciences Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial								-0.05	-0.23	-0.26	-0.53	-0.85

Competitive Comparison of SureNano Sciences's Scaled Net Operating Assets

For the Specialty Chemicals subindustry, SureNano Sciences'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.

SureNano Sciences's Scaled Net Operating Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SureNano Sciences's Scaled Net Operating Assets distribution charts can be found below:

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

SureNano Sciences 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.

SureNano Sciences's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2024 )
=	(Operating Assets (A: Mar. 2024 )	-	Operating Liabilities (A: Mar. 2024 ))	/	Total Assets (A: Mar. 2023 )
=	(0.018	-	0.173)	/	0.318
=	-0.49

where

	Operating Assets		(A: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.153	-	0.135
=	0.018

	Operating Liabilities		(A: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.173	-	0	-	0
=	0.173

SureNano Sciences'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 )
=	(0.018	-	0.173)	/	0.182
=	-0.85

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.153	-	0.135
=	0.018

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.173	-	0	-	0
=	0.173

SureNano Sciences Scaled Net Operating Assets Related Terms

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SureNano Sciences (XCNQ:SURE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SureNano Sciences Ltd (XCNQ:SURE) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 West 2nd Avenue, Suite 350, Vancouver, BC, CAN, V6J 1H4

Website

https://www.surenano.com

SureNano Sciences Ltd y is a nanotechnology supply company with the license to sell and otherwise commercialize the SureNanoTM surfactant (the SureNano Surfactant) in Canada and Colorado. The SureNano Surfactant is a ready-to-mix food-grade compound that provides the base for high-performance nanoemulsions to create homogeneous and stable products while maximizing bioavailability, clarity, and taste.

Executives

Charles Henry Malette

Director

SureNano Sciences (XCNQ:SURE) Headlines

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