U-Best Innovative Technology Co (ROCO:4714) Scaled Net Operating Assets : 0.77 (As of Mar. 2024)

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What is U-Best Innovative Technology 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.

U-Best Innovative Technology Co's operating assets for the quarter that ended in Mar. 2024 was NT$5,326.1 Mil. U-Best Innovative Technology Co's operating liabilities for the quarter that ended in Mar. 2024 was NT$494.1 Mil. U-Best Innovative Technology Co's Total Assets for the quarter that ended in Dec. 2023 was NT$6,310.8 Mil. Therefore, U-Best Innovative Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.77.

U-Best Innovative Technology Co Scaled Net Operating Assets Historical Data

The historical data trend for U-Best Innovative Technology 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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U-Best Innovative Technology Co Scaled Net Operating Assets Chart

U-Best Innovative Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.76

0.92

1.68

0.82

0.77

U-Best Innovative Technology 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															0.74	0.81	0.80	0.76	0.77

Competitive Comparison of U-Best Innovative Technology Co's Scaled Net Operating Assets

For the Specialty Chemicals subindustry, U-Best Innovative Technology 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.

U-Best Innovative Technology Co's Scaled Net Operating Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, U-Best Innovative Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where U-Best Innovative Technology Co's Scaled Net Operating Assets falls into.

U-Best Innovative Technology 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.

U-Best Innovative Technology Co'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 )
=	(5077.703	-	459.601)	/	5985.938
=	0.77

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	6310.815	-	1233.112
=	5077.703

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2379.941	-	92.147	-	1828.193
=	459.601

U-Best Innovative Technology Co'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 )
=	(5326.122	-	494.142)	/	6310.815
=	0.77

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7167.046	-	1840.924
=	5326.122

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1887.742	-	42.145	-	1351.455
=	494.142

U-Best Innovative Technology Co Scaled Net Operating Assets Related Terms

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U-Best Innovative Technology Co (ROCO:4714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » U-Best Innovative Technology Co Ltd (ROCO:4714) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

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Address

Number 258-26, Anding,, Anjia Village,, Anding District,, Tainan, TWN

Website

https://www.u-best-inno.com

U-Best Innovative Technology Co Ltd is a Taiwan-based company engaged in manufacturing and trading polymer chemical raw materials and synthetic leather, plastic leather, and flocked fabric; development, leasing, and sale of residential and office buildings; breeding of livestock; and trading of commodities. The products of the company's polymer chemical raw materials include polyurethane resins, adhesives, surface treatment agents, and solvents.

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