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The Westaim (FRA:WEM1) Scaled Net Operating Assets : 0.76 (As of Mar. 2024)


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What is The Westaim 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.

The Westaim's operating assets for the quarter that ended in Mar. 2024 was €406.8 Mil. The Westaim's operating liabilities for the quarter that ended in Mar. 2024 was €23.8 Mil. The Westaim's Total Assets for the quarter that ended in Dec. 2023 was €506.0 Mil. Therefore, The Westaim's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.76.

The Westaim 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.

The Westaim'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 )
=(382.196-30.58)/390.148
=0.90

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=506.02 - 123.824
=382.196

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30.697 - 0.117 - 0
=30.58

The Westaim'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 )
=(406.847-23.755)/506.02
=0.76

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=513.182 - 106.335
=406.847

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23.839 - 0.084 - 0
=23.755

* 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.

The Westaim Scaled Net Operating Assets Related Terms

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The Westaim (FRA:WEM1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Westaim Corp (FRA:WEM1) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
WEDXF:USA WEM1:Germany WED:Canada
Address
70 York Street, Suite 1700, Toronto, ON, CAN, M5J 1S9
Website
https://www.westaim.com
The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements, to provide its shareholders with capital appreciation and real wealth preservation. The group seeks to acquire debt, equity, or derivative securities of both public and private companies. The company derives revenue mostly from interest income and dividend income. Geographically, it has a business presence in the U.S., Asia Pacific, Canada, Europe, and other countries.