Harmonic Drive Systems (TSE:6324) Scaled Net Operating Assets : 0.74 (As of Dec. 2023)

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What is Harmonic Drive Systems 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.

Harmonic Drive Systems's operating assets for the quarter that ended in Dec. 2023 was 円131,751 Mil. Harmonic Drive Systems's operating liabilities for the quarter that ended in Dec. 2023 was 円20,379 Mil. Harmonic Drive Systems's Total Assets for the quarter that ended in Sep. 2023 was 円151,411 Mil. Therefore, Harmonic Drive Systems's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.74.

Harmonic Drive Systems Scaled Net Operating Assets Historical Data

The historical data trend for Harmonic Drive Systems'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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Harmonic Drive Systems Scaled Net Operating Assets Chart

Harmonic Drive Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Scaled Net Operating Assets

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0.69

0.71

0.75

0.71

0.77

Harmonic Drive Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.74	0.70	0.71	0.71	0.74

Competitive Comparison of Harmonic Drive Systems's Scaled Net Operating Assets

For the Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.

Harmonic Drive Systems's Scaled Net Operating Assets Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's Scaled Net Operating Assets distribution charts can be found below:

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

Harmonic Drive Systems 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.

Harmonic Drive Systems'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 )
=	(133523.836	-	23014.645)	/	143289.918
=	0.77

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	154336.246	-	20812.41
=	133523.836

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	50380.59	-	21603.443	-	5762.502
=	23014.645

Harmonic Drive Systems's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(131751.229	-	20379.159)	/	151411.258
=	0.74

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	150741.89	-	18990.661
=	131751.229

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	44887.206	-	20642.511	-	3865.536
=	20379.159

Harmonic Drive Systems Scaled Net Operating Assets Related Terms

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Harmonic Drive Systems (TSE:6324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harmonic Drive Systems Inc (TSE:6324) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

HSYDF:USA K3R:Germany K3R:Germany

Address

6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.hds.co.jp

Harmonic Drive Systems manufactures and sells high-precision reduction gears (speed reducers) under the Harmonic Drive brand as well as other mechatronics products such as rotary actuators, linear actuators, and AC servo motors. The company also provides planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo.

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