Nu Ride (Nu Ride) Scaled Net Operating Assets : 0.23 (As of Mar. 2024)

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What is Nu Ride 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.

Nu Ride's operating assets for the quarter that ended in Mar. 2024 was $59.42 Mil. Nu Ride's operating liabilities for the quarter that ended in Mar. 2024 was $38.02 Mil. Nu Ride's Total Assets for the quarter that ended in Dec. 2023 was $92.17 Mil. Therefore, Nu Ride's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.23.

Nu Ride Scaled Net Operating Assets Historical Data

The historical data trend for Nu Ride'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.

Nu Ride Scaled Net Operating Assets Chart

Nu Ride Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.79

0.06

0.39

0.23

-0.09

Nu Ride Quarterly Data
	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													0.08	-0.28	-0.29	-0.38	0.23

Competitive Comparison of Nu Ride's Scaled Net Operating Assets

For the Auto Manufacturers subindustry, Nu Ride'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.

Nu Ride's Scaled Net Operating Assets Distribution in the Vehicles & Parts Industry

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

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

Nu Ride 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.

Nu Ride'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 )
=	(5.073	-	45.865)	/	452.312
=	-0.09

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	92.169	-	87.096
=	5.073

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	45.865	-	0	-	0
=	45.865

Nu Ride'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 )
=	(59.421	-	38.017)	/	92.169
=	0.23

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	79.137	-	19.716
=	59.421

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	38.017	-	0	-	0
=	38.017

Nu Ride Scaled Net Operating Assets Related Terms

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Nu Ride (Nu Ride) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nu Ride Inc (OTCPK:NRDE) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2300 Hallock Young Road, Lordstown, OH, USA, 44481

Website

https://www.lordstownmotors.com

Lordstown Motors Corp is an electric vehicle innovator developing high-quality light duty commercial fleet vehicles, with the Endurance all electric pick-up truck as its first vehicle being launched in the Lordstown, Ohio facility. The Company is in its final design and testing phase related to their production of the Endurance and has yet to bring a completed product to market.

Executives

Stephen S. Burns	director, officer: Chief Executive Officer	C/O ADVANCED MECHANICAL PRODUCTS, INC., 4540 ALPINE ROAD, BLUE ASH OH 45242
Anderson Joseph B Jr	director	MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Edward T. Hightower	officer: President	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Donna Bell	officer: EVP, PROD CRTN, ENG & SUPP CHN	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Jane Ritson-parsons	officer: CHIEF OPERATING OFFICER	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Laura J. Soave	director	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Daniel A Ninivaggi	director, officer: CHIEF EXECUTIVE OFFICER	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153
Melissa A. Leonard	officer: EVP, GEN. COUNSEL & SECRETARY	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Adam B Kroll	officer: CHIEF FINANCIAL OFFICER	475 QUAKER MEETING HOUSE RD, HONEOYE FALLS NY 14472
Rebecca A Roof	officer: Interim CFO	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Chuan D. Vo	officer: Vice President of Propulsion	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Julio C. Rodriguez	officer: Chief Financial Officer	315 CHELSEY CT., ALPHARETTA GA 30004
Darren Post	officer: Vice President of Engineering	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Phil Richard Schmidt	officer: Chief Production Officer	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Shane Brown	officer: Chief Production Officer	2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481