NHK Spring Co (TSE:5991) Scaled Net Operating Assets : 0.55 (As of Dec. 2023)

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What is NHK Spring Co 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.

NHK Spring Co's operating assets for the quarter that ended in Dec. 2023 was 円563,354 Mil. NHK Spring Co's operating liabilities for the quarter that ended in Dec. 2023 was 円204,704 Mil. NHK Spring Co's Total Assets for the quarter that ended in Sep. 2023 was 円650,733 Mil. Therefore, NHK Spring Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.55.

NHK Spring Co Scaled Net Operating Assets Historical Data

The historical data trend for NHK Spring Co'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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NHK Spring Co Scaled Net Operating Assets Chart

NHK Spring Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Scaled Net Operating Assets

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0.47

0.55

0.53

0.59

0.61

NHK Spring Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.55	0.58	0.57	0.55	0.56

Competitive Comparison of NHK Spring Co's Scaled Net Operating Assets

For the Auto Parts subindustry, NHK Spring Co'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.

NHK Spring Co's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where NHK Spring Co's Scaled Net Operating Assets falls into.

NHK Spring Co 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.

NHK Spring Co'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 )
=	(587073	-	218630)	/	606039
=	0.61

where

	Operating Assets		(A: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	690289	-	103216
=	587073

	Operating Liabilities		(A: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	269717	-	34878	-	16209
=	218630

NHK Spring Co'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 )
=	(563354	-	204704)	/	650733
=	0.55

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	658188	-	94834
=	563354

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	260102	-	37660	-	17738
=	204704

NHK Spring Co Scaled Net Operating Assets Related Terms

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NHK Spring Co (TSE:5991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NHK Spring Co Ltd (TSE:5991) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

NHK:Germany

Address

3-10 Fukuura, Kanazawa-ku, Yokohama, JPN, 236-0004

Website

http://www.nhkspg.co.jp

NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company also produces leaf springs, coil springs, stabilizer bars, torsion bars, gas springs, automobile seats and seating components, hard disk drives suspensions and mechanical components, LCD/semiconductor testing probe units, and industrial machinery and equipment parts. The automotive suspension springs and precision springs segments and automotive seating segment generate the majority of NHK Spring's revenue. Geographically, Japan is the largest end market followed by other Asian countries and North America.

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