Trutankless (Trutankless) Scaled Net Operating Assets : -4.57 (As of Sep. 2023)

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What is Trutankless 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.

Trutankless's operating assets for the quarter that ended in Sep. 2023 was $0.34 Mil. Trutankless's operating liabilities for the quarter that ended in Sep. 2023 was $1.61 Mil. Trutankless's Total Assets for the quarter that ended in Jun. 2023 was $0.28 Mil. Therefore, Trutankless's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was -4.57.

Trutankless Scaled Net Operating Assets Historical Data

The historical data trend for Trutankless'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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Trutankless Scaled Net Operating Assets Chart

Trutankless Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Scaled Net Operating Assets

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-0.47

-1.03

-0.01

-0.93

-4.72

Trutankless Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Scaled Net Operating Assets	Get a 7-Day Free Trial															-3.44	-4.14	-4.03	-6.78	-4.57

Competitive Comparison of Trutankless's Scaled Net Operating Assets

For the Consumer Electronics subindustry, Trutankless'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.

Trutankless's Scaled Net Operating Assets Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trutankless's Scaled Net Operating Assets distribution charts can be found below:

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

Trutankless 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.

Trutankless's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(0.239	-	1.32)	/	0.229
=	-4.72

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.323	-	0.084
=	0.239

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5.875	-	1.869	-	2.686
=	1.32

Trutankless'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: Jun. 2023 )
=	(0.344	-	1.611)	/	0.277
=	-4.57

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.423	-	0.079
=	0.344

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7.17	-	0.257	-	5.302
=	1.611

Trutankless Scaled Net Operating Assets Related Terms

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Trutankless (Trutankless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trutankless Inc (OTCPK:TKLS) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260

Website

https://trutankless.com

Trutankless Inc is engaged in manufacturing electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability, and environmental sustainability. The company anticipates its second generation Trutankless water heaters, with Wi-Fi, Bluetooth, and Zigbee capabilities to help modernize the water heating industry. The Trutankless brand mission is to apply smart engineering to forward-thinking technologies that save customers money, energy, and space.

Executives

Buit Right Holdings, Llc	10 percent owner	8790 E. VIA DE VENTURA, SUITE 4640, SCOTTSDALE AZ 85258
Michael Stebbins	director	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254
Robertson J Orr	director, officer: President & CEO	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254