Forestar Group (Forestar Group) Scaled Net Operating Assets : 0.70 (As of Mar. 2024)

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What is Forestar Group 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.

Forestar Group's operating assets for the quarter that ended in Mar. 2024 was $2,183 Mil. Forestar Group's operating liabilities for the quarter that ended in Mar. 2024 was $411 Mil. Forestar Group's Total Assets for the quarter that ended in Dec. 2023 was $2,534 Mil. Therefore, Forestar Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.70.

Forestar Group Scaled Net Operating Assets Historical Data

The historical data trend for Forestar Group'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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Forestar Group Scaled Net Operating Assets Chart

Forestar Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Sep19

Sep20

Sep21

Sep22

Sep23

Scaled Net Operating Assets

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1.16

0.77

0.91

0.78

0.62

Forestar Group 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															0.72	0.69	0.61	0.67	0.70

Competitive Comparison of Forestar Group's Scaled Net Operating Assets

For the Real Estate - Development subindustry, Forestar Group'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.

Forestar Group's Scaled Net Operating Assets Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Forestar Group's Scaled Net Operating Assets distribution charts can be found below:

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

Forestar Group 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.

Forestar Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2023 )
=	(Operating Assets (A: Sep. 2023 )	-	Operating Liabilities (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2022 )
=	(1854.7	-	397.7)	/	2343
=	0.62

where

	Operating Assets		(A: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2470.7	-	616
=	1854.7

	Operating Liabilities		(A: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1100.8	-	703.1	-	0
=	397.7

Forestar Group'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 )
=	(2182.5	-	411.3)	/	2533.8
=	0.70

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2598.7	-	416.2
=	2182.5

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1125.8	-	714.5	-	0
=	411.3

Forestar Group Scaled Net Operating Assets Related Terms

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Forestar Group (Forestar Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Forestar Group Inc (NYSE:FOR) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

4F31:Germany

Address

2221 E. Lamar Boulevard, Suite 790, Arlington, TX, USA, 76006

Website

https://www.forestar.com

Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.

Executives

Daniel C Bartok	officer: CEO	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Ringler G.f. (rick) Iii	director	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Elizabeth Parmer	director	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Mark Stephen Walker	officer: Chief Operating Officer	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
James Douglas Allen	officer: Chief Financial Officer	2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX 76006
Lisa H. Jamieson	director	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Samuel R Fuller	director	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Donald C Spitzer	director	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Bill W Wheat	officer: Principal Financial Officer	1361 HORTON CIRCLE, ARLINGTON TX 76011
Aron M. Odom	officer: Principal Accounting Officer	1341 HORTON CIRCLE, ARLINGTON TX 76011
Charles D Jehl	officer: Chief Financial Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
M Ashton Hudson	director	9995 GATE PARKWAY, SUITE 330, JACKSONVILLE FL 32246
Donald J Tomnitz	director, officer: Chairman	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Richard D. Squires	director	3889 MAPLE AVENUE, SUITE 1525, DALLAS TX 75219
Michael J. Quinley	officer: President	6300 BEE CAVE ROAD, BLDG 2, SUITE 500, AUSTIN TX 78746