Workspace Group (LSE:WKP) Scaled Net Operating Assets : 0.88 (As of Sep. 2023)

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What is Workspace Group 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.

Workspace Group's operating assets for the quarter that ended in Sep. 2023 was £2,604.7 Mil. Workspace Group's operating liabilities for the quarter that ended in Sep. 2023 was £99.1 Mil. Workspace Group's Total Assets for the quarter that ended in Mar. 2023 was £2,839.1 Mil. Therefore, Workspace Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.88.

Workspace Group Scaled Net Operating Assets Historical Data

The historical data trend for Workspace Group'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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Workspace Group Scaled Net Operating Assets Chart

Workspace Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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1.11

0.96

0.85

0.92

1.08

Workspace Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.87	0.99	1.13	0.92	0.88

Competitive Comparison of Workspace Group's Scaled Net Operating Assets

For the REIT - Office subindustry, Workspace Group'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.

Workspace Group's Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Workspace Group's Scaled Net Operating Assets distribution charts can be found below:

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

Workspace Group 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.

Workspace Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(2827.1	-	107.8)	/	2511.9
=	1.08

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2839.1	-	12
=	2827.1

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1051.4	-	893.8	-	49.8
=	107.8

Workspace Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Mar. 2023 )
=	(2604.7	-	99.1)	/	2839.1
=	0.88

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2608.7	-	4
=	2604.7

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1001.1	-	902	-	0
=	99.1

Workspace Group Scaled Net Operating Assets Related Terms

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Workspace Group (LSE:WKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Workspace Group PLC (LSE:WKP) » Definitions » Scaled Net Operating Assets

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WKPl:UK

Address

1-3 Brixton Road, Canterbury Court, Kennington Park, London, GBR, SW9 6DE

Website

https://www.workspace.co.uk

Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.

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