POSaBIT Systems (XCNQ:PBIT) Scaled Net Operating Assets : 0.41 (As of Dec. 2023)

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What is POSaBIT 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.

POSaBIT Systems's operating assets for the quarter that ended in Dec. 2023 was C$15.62 Mil. POSaBIT Systems's operating liabilities for the quarter that ended in Dec. 2023 was C$4.39 Mil. POSaBIT Systems's Total Assets for the quarter that ended in Sep. 2023 was C$27.58 Mil. Therefore, POSaBIT Systems's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.41.

POSaBIT Systems Scaled Net Operating Assets Historical Data

The historical data trend for POSaBIT 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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POSaBIT Systems Scaled Net Operating Assets Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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-13.25

-1.77

-3.52

0.38

0.54

POSaBIT Systems Quarterly Data
	Jan19	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															0.23	0.33	0.57	0.27	0.41

Competitive Comparison of POSaBIT Systems's Scaled Net Operating Assets

For the Information Technology Services subindustry, POSaBIT 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.

POSaBIT Systems's Scaled Net Operating Assets Distribution in the Software Industry

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

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

POSaBIT 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.

POSaBIT Systems'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 )
=	(15.615	-	4.387)	/	20.695
=	0.54

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	17.657	-	2.042
=	15.615

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10.534	-	5.982	-	0.165
=	4.387

POSaBIT 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 )
=	(15.615	-	4.387)	/	27.576
=	0.41

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	17.657	-	2.042
=	15.615

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10.534	-	5.982	-	0.165
=	4.387

POSaBIT Systems Scaled Net Operating Assets Related Terms

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POSaBIT Systems (XCNQ:PBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Scaled Net Operating Assets

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POSAF:USA

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Alex Sharp

10% Security Holder

POSaBIT Systems (XCNQ:PBIT) Headlines

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