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ShiftPixy (ShiftPixy) Scaled Net Operating Assets : -7.25 (As of Feb. 2024)


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What is ShiftPixy 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.

ShiftPixy's operating assets for the quarter that ended in Feb. 2024 was $4.46 Mil. ShiftPixy's operating liabilities for the quarter that ended in Feb. 2024 was $56.49 Mil. ShiftPixy's Total Assets for the quarter that ended in Nov. 2023 was $7.17 Mil. Therefore, ShiftPixy's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was -7.25.


ShiftPixy Scaled Net Operating Assets Historical Data

The historical data trend for ShiftPixy'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.

* Premium members only.

ShiftPixy Scaled Net Operating Assets Chart

ShiftPixy Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only -0.64 -0.18 2.28 -0.45 -0.38

ShiftPixy Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.26 -3.36 -4.57 -7.50 -7.25

Competitive Comparison of ShiftPixy's Scaled Net Operating Assets

For the Staffing & Employment Services subindustry, ShiftPixy'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.


ShiftPixy's Scaled Net Operating Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ShiftPixy's Scaled Net Operating Assets distribution charts can be found below:

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



ShiftPixy 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.

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

Scaled Net Operating Assets (SNOA)(A: Aug. 2023 )
=(Operating Assets (A: Aug. 2023 )-Operating Liabilities (A: Aug. 2023 ))/Total Assets (A: Aug. 2022 )
=(6.425-54.835)/128.618
=-0.38

where

Operating Assets(A: Aug. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.5 - 0.075
=6.425

Operating Liabilities(A: Aug. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.625 - 2.79 - 0
=54.835

ShiftPixy's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2024 )
=(Operating Assets (Q: Feb. 2024 )-Operating Liabilities (Q: Feb. 2024 ))/Total Assets (Q: Nov. 2023 )
=(4.456-56.49)/7.174
=-7.25

where

Operating Assets(Q: Feb. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.477 - 0.021
=4.456

Operating Liabilities(Q: Feb. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=63.488 - 2.321 - 4.677
=56.49

* 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.


ShiftPixy Scaled Net Operating Assets Related Terms

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ShiftPixy (ShiftPixy) Business Description

Traded in Other Exchanges
N/A
Address
4101 NW 25th Street, Miami, FL, USA, 33131
ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.
Executives
Douglas Beck officer: Chief Financial Officer C/O IBIO, INC., 9 INNOVATION WAY, SUITE 100, NEWARK DE 19711
Kenneth Weir Weaver director 901 RIVERSIDE DRIVE, OLD HICKORY TN 37138
Manuel Rivera officer: Treasurer and Acting CFO C/O SHIFTPIXY, INC., 501 BRICKELL KEY DRIVE, SUITE 300, MIAMI FL 33131
Domonic J. Carney officer: Chief Financial Officer 9400 TOLEDO WAY, IRVINE CA 92618
Robert S. Gans officer: Secretary & Corporate Counsel C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Scott W Absher director, 10 percent owner, officer: Chief Executive Officer 4101 NW 25TH STREET, MIAMI FL 33142
Amanda Murphy director C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Christopher Sebes director 1 VENTURE, SUITE 150, IRVINE CA 92618
John Stephen Holmes 10 percent owner 1 VENTURE, SUITE 150, IRVINE CA 92618
Kirk M Flagg officer: Chief Compliance Officer 1 VENTURE, SUITE 150, IRVINE CA 92618
Whitney James White director 1991 BROADWAY, APT 26/27C, NEW YORK NY 10023
Sean Christopher Higgins director 42 OAKRIDGE CRES, GUELPH A6 N1L 1J3
Mark A Absher director 18101 VON KARMAN AVE, STE 330, IRVINE CA 96212
Stephen Paul Desantis officer: CFO 1 SCARLET MAPLE DRIVE, LADERA RANCH CA 92694