Dell-VMWare Tracking Stock (XTER:12D) Scaled Net Operating Assets: 0.47 (As of Oct. 2018)


What is Dell-VMWare Tracking Stock Scaled Net Operating Assets?

Dell-VMWare Tracking Stock XTER:12D Scaled Net Operating Assets is 0.47 as of Oct. 2018.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dell-VMWare Tracking Stock's operating assets for the quarter that ended in Oct. 2018 was €20,846.94 Mil. Dell-VMWare Tracking Stock's operating liabilities for the quarter that ended in Oct. 2018 was €11,354.37 Mil. Dell-VMWare Tracking Stock's Total Assets for the quarter that ended in Jul. 2018 was €20,038.10 Mil. Therefore, Dell-VMWare Tracking Stock's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2018 was 0.47.

Dell-VMWare Tracking Stock Scaled Net Operating Assets Historical Data

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The historical data trend for Dell-VMWare Tracking Stock'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.

Dell-VMWare Tracking Stock Scaled Net Operating Assets Chart

Dell-VMWare Tracking Stock Annual Data
Trend Jan17 Jan18
Scaled Net Operating Assets
0.50 0.41

Dell-VMWare Tracking Stock Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only 0.47 0.38 0.47 0.49 0.47

XTER:12D vs CA, CTXS, PAGS: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Dell-VMWare Tracking Stock'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.

Dell-VMWare Tracking Stock Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Dell-VMWare Tracking Stock's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Dell-VMWare Tracking Stock's Scaled Net Operating Assets falls into.


Dell-VMWare Tracking Stock 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.

Dell-VMWare Tracking Stock's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2018 )
=(Operating Assets (A: Jan. 2018 )-Operating Liabilities (A: Jan. 2018 ))/Total Assets (A: Jan. 2017 )
=(16910.04-10533.72)/15429.16
=0.41

where

Operating Assets(A: Jan. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16910.04 - 0
=16910.04

Operating Liabilities(A: Jan. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10533.72 - 0 - 0
=10533.72

Dell-VMWare Tracking Stock's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2018 )
=(Operating Assets (Q: Oct. 2018 )-Operating Liabilities (Q: Oct. 2018 ))/Total Assets (Q: Jul. 2018 )
=(20846.94-11354.37)/20038.104
=0.47

where

Operating Assets(Q: Oct. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20846.94 - 0
=20846.94

Operating Liabilities(Q: Oct. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11354.37 - 0 - 0
=11354.37

* 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.

What does a Scaled Net Operating Assets of 0.47 mean?
Dell-VMWare Tracking Stock (XTER:12D) has a Scaled Net Operating Assets of 0.47 as of Oct. 2018. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dell-VMWare Tracking Stock and its competitors.
Is Dell-VMWare Tracking Stock's Scaled Net Operating Assets too high?
Dell-VMWare Tracking Stock's current Scaled Net Operating Assets is 0.47.
How does Dell-VMWare Tracking Stock's Scaled Net Operating Assets compare to CA and CTXS?
Dell-VMWare Tracking Stock's Scaled Net Operating Assets of 0.47 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Dell-VMWare Tracking Stock and its competitors. Dell-VMWare Tracking Stock's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dell-VMWare Tracking Stock stock overvalued right now?
Dell-VMWare Tracking Stock (XTER:12D) has a current Scaled Net Operating Assets of 0.47. The current Scaled Net Operating Assets is 0.47. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Dell-VMWare Tracking Stock (XTER:12D), the current Scaled Net Operating Assets is 0.47 as of Oct. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Dell-VMWare Tracking Stock Business Description

Dell-VMWare Tracking Stock was incorporated in the state of Delaware on January 31, 2013 under the name of Denali Holding Inc. It changed its name to Dell Technologies Inc. on August 25, 2016. On September 7, 2016, a merger subsidiary of Dell Technologies merged with and into EMC Corporation, with EMC Corporation surviving the merger as a wholly-owned subsidiary of Dell Technologies. The company has issued a tracking stock to track the performance of a portion of Dell Technologies' economic interest in the VMware business. It is an information technology company. The company offers virtualization and cloud infrastructure solutions, which enable organizations to manage IT resources across complex multi-cloud, multi-device environments.