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SIR Royaltyome Fund (TSX:SRV.UN) Scaled Net Operating Assets : 0.93 (As of Mar. 2024)


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What is SIR Royaltyome Fund 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.

SIR Royaltyome Fund's operating assets for the quarter that ended in Mar. 2024 was C$90.37 Mil. SIR Royaltyome Fund's operating liabilities for the quarter that ended in Mar. 2024 was C$5.77 Mil. SIR Royaltyome Fund's Total Assets for the quarter that ended in Dec. 2023 was C$90.96 Mil. Therefore, SIR Royaltyome Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.93.

SIR Royaltyome Fund 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.

SIR Royaltyome Fund'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 )
=(90.546-5.474)/83.221
=1.02

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=90.958 - 0.412
=90.546

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.474 - 0 - 0
=5.474

SIR Royaltyome Fund'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 )
=(90.365-5.767)/90.958
=0.93

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=91.131 - 0.766
=90.365

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.767 - 0 - 0
=5.767

* 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.

SIR Royaltyome Fund Scaled Net Operating Assets Related Terms

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SIR Royaltyome Fund (TSX:SRV.UN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » SIR Royalty Income Fund (TSX:SRV.UN) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
SIRZF:USA
Address
5360 South Service Road, Suite 200, Burlington, ON, CAN, L7L 5L1
Website
https://www.sircorp.com
SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar; and SIR's signature restaurant brands, including Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.