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1606 (CBDW) Scaled Net Operating Assets : -2.66 (As of Mar. 2024)


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What is 1606 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.

1606's operating assets for the quarter that ended in Mar. 2024 was $0.13 Mil. 1606's operating liabilities for the quarter that ended in Mar. 2024 was $0.52 Mil. 1606's Total Assets for the quarter that ended in Dec. 2023 was $0.15 Mil. Therefore, 1606's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -2.66.


1606 Scaled Net Operating Assets Historical Data

The historical data trend for 1606'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.

1606 Scaled Net Operating Assets Chart

1606 Annual Data
Trend Dec21 Dec22 Dec23
Scaled Net Operating Assets
0.73 2.39 -1.72

1606 Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.24 -1.95 -2.00 -2.66

Competitive Comparison of 1606's Scaled Net Operating Assets

For the Tobacco subindustry, 1606'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.


1606's Scaled Net Operating Assets Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, 1606's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where 1606's Scaled Net Operating Assets falls into.



1606 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.

1606'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 )
=(0.099-0.497)/0.232
=-1.72

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.148 - 0.049
=0.099

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.563 - 0.951 - 0.115
=0.497

1606'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 )
=(0.126-0.52)/0.148
=-2.66

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.142 - 0.016
=0.126

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.753 - 1.021 - 0.212
=0.52

* 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.


1606 Scaled Net Operating Assets Related Terms

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1606 (CBDW) Business Description

Traded in Other Exchanges
N/A
Address
2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016
Website
1606 Corp offers nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products. Its products are manufactured with a blend of all-natural ingredients to provide smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco and promote health benefits such as pain management, reduced anxiety, and enhance wakefulness. Smokable hemp is a Company Product That is an alternative for customers that currently smoke or want to quit smoking nicotine.